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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1229 Garrisonville Rd Stafford, VA 22556-3655

    • Office Properties & Spaces
    • 10,110 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimations
    $1,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3722524
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Edison Electricians of Stafford / Electrical Service / General Contractor
    • Alexandria Surveys, LLC / Land Surveyor
    • Merestone Land Surveying PLLC / Land Surveyor
    • Summit Home Healthcare LLC / Home Health Care Service / Occupational Therapist
    • Bayfield Home Loans / Loan Service

    Property Details for 1229 Garrisonville Rd

    Year built
    1971
    Construction
    FRAME
    Lot size
    1.07 lot acres
    Property size
    10,110 SF
    Zone code
    B3
    Property type
    Office Properties & Spaces
    APN
    19L-1-38
    APU
    19L138

    Description

    This exceptional office property, located at 1229 Garrisonville Road in Stafford, Virginia, offers three available suites totaling 4,108 square feet. Boasting a high-traffic count and excellent visibility on Garrisonville Road (Route 610), this location provides unparalleled exposure for your business. The property sits on a 1.07-acre lot. Individual suites offer varying sizes: Suite 106 & 206 comprise 2,520 square feet each, Suite 205 offers 826 square feet, and Suite 204 provides 762 square feet. Floor plans for each suite are available upon request. The flexibility to combine suites allows for customization to meet diverse business needs. All suites are finished and ready for occupancy, with the possibility of modifications depending on lease terms. An attractive annual rental rate, ranging from $16 to $18 per square foot, is offered on a triple net (NNN) basis. Furthermore, the property features an electronic signage opportunity, enhancing visibility and brand recognition. This prime Stafford location presents a unique opportunity for businesses seeking high-profile office space with excellent accessibility and visibility. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,739,000
      Market price range: $1.56M - $3.26M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stafford
    County
    Stafford
    State
    Virginia
    Longitude
    -77.4767
    Latitude
    38.4798
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,903
    $698,800
    $385,900
    $1,084,700
    -
    $698,800
    $385,900
    $1,084,700

    Comparable in this City

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      9 Kingsland Dr

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      View Details
    • Value Estimation
      $4,990,000
      39,116 SF

      16 Ctr St

      OFFICE (GENERAL) • 39,116 SF
      16 Ctr St, Stafford, VA 22556-8906
      View Details
    • Value Estimation
      $18,315,000
      103,560 SF

      105 Tech Pkwy

      OFFICE (GENERAL) • 103,560 SF
      105 Tech Pkwy, Stafford, VA 22556
      View Details
    • Value Estimation by Request
      837 SF

      75 Vulcan Quarry Rd

      OFFICE (GENERAL) • 837 SF
      75 Vulcan Quarry Rd, Stafford, VA 22556-8617
      View Details
    • Value Estimation
      $5,370,000
      39,116 SF

      24 Ctr St

      OFFICE (GENERAL) • 39,116 SF
      24 Ctr St, Stafford, VA 22556-8907
      View Details
    • Value Estimation
      $6,160,000
      44,606 SF

      39 Tech Pkwy

      OFFICE (GENERAL) • 44,606 SF
      39 Tech Pkwy, Stafford, VA 22556-8618
      View Details

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      Prime Stafford County Commercial Land

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    Similar Nearby for Lease

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      11,117 SF

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      Retail space available with frontage on Route 610.
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      Retail Space in Stafford, VA

      Retail space available in a busy Stafford shopping center.
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      View Details
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    Stafford, VA 22556-3655
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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