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Property profile & analytics
OFF-MARKET
Estimated value
$63,705,000
Office buildings
12055 Government Ctr Pkwy Fairfax, VA 22035-5500
Individually Owned
2-yr Hold
Free & Clear
Property ID
US87-1012884
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
STEEL FRAME
Total area
253,333 SF
Lot
5.79 ac (252,107 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
056-1-15-0007
UPID
US87-1012884
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
Current use
Occupant on record · Public records
-
Fairfax County: Permitting Office Corporate Office
-
Fairfax County: Building Code Official County Government Office
-
Fairfax County Planning Office County Government Office
-
Fairfax County Co-Op Ext Office County Government Office
-
Fairfax Department of Public Works and Environmental Services Public Works Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$78.70M
Comparable Approach
Comparable
$62.12M
Blend (final)
Blend
$63.71M
Owner & transaction history
Commonwealth Of Virginia · 2 yrs held
Commonwealth Of Virginia
since 2024
1 recorded transaction
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$85,255,000
6.5%
$78,695,000
7%
$73,075,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$95,650,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$93,400,000
Change: -2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$86,170,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$84,580,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$63.71M
Range $57.33M – $70.08M · ±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
$251 / 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
Assessed value
$36,468,960
Assessed 2024
Previous assessed
$40,672,980
-10.3% YoY
Assessed land
$5,711,660
Assessed improvement
$30,757,300
Land market value
$5,711,660
Improvement market value
$30,757,300
Total market value
$36,468,960
Applied tax rate
3.0000
Comparables
3 recent transactions · within 1.5 miComparable in this city
3 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
10
Total area
253,333 SF
Lot
5.79 ac (252,107 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
056-1-15-0007
UPID
US87-1012884
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Fairfax, VA
Zoning PDC(PLANNED DEV COMMERCIA · permitted uses
PDC(PLANNED DEV COMMERCIA · 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
OFFICE BUILDING Current
Est. value
$95.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$93.4M
INDUSTRIAL (GENERAL)
Est. value
$86.2M
AUTO REPAIR, GARAGE
Est. value
$84.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1992
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
10
Lot
5.79 ac
Current owner
From public records · entity-resolved
Commonwealth Of Virginia
Individual
Free & Clear · 2 yrs held
Mailing address
2430 PNE FRST DR, SOUTH CHESTERFIELD, VA 23834-5317
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Commonwealth Of Virginia
Board Of Supervisors Of Cnty Of Fai
Gift Deed
related
—
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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