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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Community centers
11923 Rte 29 Fairfax, VA 22030-6822
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0068246
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1925
Construction
FRAME
Total area
7,437 SF
Lot
0.87 ac (37,768 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
056-1-07-0004
UPID
US87-0068246
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$2.10M
Owner & transaction history
In Projecte LLC · 10 yrs held
In Projecte LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+23.2%
Office building
$3.2M
+16.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fairfax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfax submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,740,000
Current use
COMMERCIAL (GENERAL)
$3,380,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$3,195,000
Change: +16% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,530,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,485,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$282 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$45,932
Tax year 2024
Assessed value
$3,578,650
Assessed 2024
Previous assessed
$3,601,520
-0.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$868,660
Assessed improvement
$2,709,990
Land market value
$868,660
Improvement market value
$2,709,990
Total market value
$3,578,650
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1925
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
7,437 SF
Lot
0.87 ac (37,768 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
056-1-07-0004
UPID
US87-0068246
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Fairfax, VA
Zoning C-8(HIGHWAY COMMERCIAL) · permitted uses
C-8(HIGHWAY COMMERCIAL) · Fairfax, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairfax. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
In Projecte LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1221 MOTTROM DR, MC LEAN, VA 22101-2721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2019
—
In Project LLC
—
Grant Deed
related
$6,653,300 · Union Bk&tr
Mar 4, 2016
—
In Projecte LLC
Yu,song H
Quit Claim Deed
related
—
Mar 15, 2011
—
In Project LLC
Kim,bo K
Grant Deed
related
—
Apr 4, 2008
$400,000
Bo-kyung Kim
Kim,albert
Quit Claim Deed
related
—
Mar 17, 2008
$400,000
Steven Y Lee
Kim,albert
Quit Claim Deed
related
—
Jun 28, 2004
$655,500
Song H Yu
Gardner,lonnie E
Grant Deed
—
—
—
Albert Kim
—
Deed Of Trust
related
$1,087,500 · Severn Savings Bank Fsb
—
—
Albert Kim
—
Deed Of Trust
related
$862,500 · Severn Savings Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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