Entity Owned Property summary
AI-generated overview
This commercial office building offers a contiguous 39,471-square-foot configuration comprising portions of the second floor and the entire third floor. The interior includes a renovated lobby and elevator areas and is designed with extensive glass lines and a column-free, open-plan layout intended to support efficient use of floor space. Tenant amenities include a tenant-only fitness center with locker rooms, and the property includes plans for an upgraded conference center and a new food court. The building is situated near the East Market at Fair Lakes, with proximity to retail and service businesses such as Starbucks, Whole Foods, UPS Store, and Kohl’s, as well as Fair Oaks Mall. Vehicular access is available via Fairfax County Parkway, Route 50, I-66, Route 29, and Route 28, and the site provides parking at approximately 3.7 spaces per 1,000 square feet. The property received ENERGY STAR certification in 2023.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
STEEL FRAME
Total area
265,178 SF
Lot
8.36 ac (364,257 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
055-2-01-0014-A
UPID
US87-0737746
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$82.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$64.30M
Owner & transaction history
since 2021
Last sale
$55.3M
7 recorded transactions
Zoning & alternative use
PDC(COM/INDUST/RETAIL) · Fairfax, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$64.30M
Value range
$57.87M – $70.73M
±10% around blend
Estimated value / SF
$242 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$57.87M
blend $64.30M
$70.73M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
265,178 SF
Lot area
8.36 ac
Year built
1995
Stories
10
APN
055-2-01-0014-A
Zoning
PDC(COM/INDUST/RETAIL)
Assessed value
$42,692,570
Annual tax
$547,959
3
Income approach: direct capitalization
Partial preview
Income approach indication
$82.38M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$89.24M
@ 6.5% CAP return
$82.38M
@ 7% CAP return
$76.49M
4
Sales comparison
Partial preview
Sales approach indication
$16.24M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.6 mi away · 287,628 SF
17.2 mi away · 239,241 SF
17.2 mi away · 239,241 SF
18.7 mi away · 195,480 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$64.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 265 sales
$378
-36%
County 837 sales
$289
-16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $242/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
4.50%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.50%
9.0%
NOI (est.)
$3.87M *
Last sale · Oct 2021
$55.30M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$86.02M
Move the market yield to see immediate price impact.
Value / SF
$324
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.00%4.50%5.00%
$3.48M
$87.10M
$77.42M
$69.68M
$3.87M
$96.78M
$86.02M
$77.42M
$4.26M
$106.45M
$94.62M
$85.16M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$15.25M
9.1 mi · Dec 2025 · $45/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$547,959
Tax year 2024
Assessed value
$42,692,570
Assessed 2024
Previous assessed
$46,974,330
-9.1% YoY
Effective rate
1.28%
On assessed value
Assessed land
$4,940,000
Assessed improvement
$37,752,570
Land market value
$4,940,000
Improvement market value
$37,752,570
Total market value
$42,692,570
Applied tax rate
8,100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
10
Total area
265,178 SF
Lot
8.36 ac (364,257 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
055-2-01-0014-A
UPID
US87-0737746
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(COM/INDUST/RETAIL) · Fairfax, VAZoning PDC(COM/INDUST/RETAIL) · permitted uses
PDC(COM/INDUST/RETAIL) · Fairfax, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
10
Lot
8.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PDC(COM/INDUST/RETAIL)
Jurisdiction
Fairfax, VA
Recorded code
PDC(COM/INDUST/RETAIL)
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PDC(COM/INDUST/RETAIL) in Fairfax, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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