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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
12179 Fair Lks Promenade Dr Fairfax, VA 22033-3979
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1174417
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1999
Construction
FRAME
Total area
3,579 SF
Lot
0.49 ac (21,456 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
056-1-18-0003
UPID
US87-1174417
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
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Commonwealth Of Virginia · 5 yrs held
Commonwealth Of Virginia
since 2021
Last sale
$32,000
7 recorded transactions
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$141 / 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
$92,744
Tax year 2024
Assessed value
$7,225,850
Assessed 2024
Previous assessed
$7,230,550
-0.1% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,160,000
Assessed improvement
$6,065,850
Land market value
$1,160,000
Improvement market value
$6,065,850
Total market value
$7,225,850
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
OTHER
Cooling
YES
Stories
1
Total area
3,579 SF
Lot
0.49 ac (21,456 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
056-1-18-0003
UPID
US87-1174417
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.
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Commonwealth Of Virginia
Individual
Free & Clear · 5 yrs held
Mailing address
1416 P ST NW, WASHINGTON, DC 20005-1908
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2021
$32,000
Commonwealth Of Virginia
Ab Fair Lakes LLC
Deed
—
Nov 13, 2020
—
Ab Fair Lakes LLC
—
Deed
related
$12,000,000 · Old Dominion Nat'l Bk
Aug 31, 2020
—
Ns Reatil Hildings LLC
Everstar Income
Grant Deed
related
—
Jun 9, 2020
$9,736,000
Ab Fair Lakes LLC
Ns Retail Holdings LLC
Grant Deed
—
Dec 21, 2016
—
Capview Income & Value Fund IV
—
Deed
related
$150,000,000 · Bank Of America
Jul 10, 2014
$9,783,000
Huntington Bay Realty LLC
Bayrock Investment Co
Grant Deed
—
Mar 31, 2011
$7,500,000
Bayrock Investment Co
Fl Promenade Outparcel Lc
Deed Of Trust
related
$5,250,000 · Renasant Bank
Jun 11, 2008
—
Fl Promenade Outparcel Lc
—
Deed Of Trust
related
$6,260,000 · Bank Of America
Mar 8, 2006
$10
Mvp Master LP
Fl Promenade
Grant Deed
related
—
Mar 8, 2006
—
Fl Promenade Outparcel Lc
Mvp Master
Grant Deed
related
—
—
—
Huntington Bay Realty LLC
—
Deed Of Trust
related
$5,000,000 · Sun Nat'l Bk
—
—
Capview Income & Value Fund IV
—
Deed Of Trust
related
$150,000,000 · Bank Of America
—
—
Ab Fair Lakes LLC
—
Loan Modification
related
$12,000,000 · Old Dominion Nat'l Bk
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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