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Property profile & analytics
FOR LEASE
Office buildings
12700 Fair Lakes Cir Fairfax, VA 22033
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0739977
For Lease
1 / 2
$12,500,000
12700 Fair Lakes Cir, Fairfax, VA 22033
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
75,764 SF
Lot
5.05 ac (219,881 SF)
Zoning code
PDC(RES DEV-NOT RETAIL)
APN
055-2-01-0011-B1
UPID
US87-0739977
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
$12.50M
Owner & transaction history
1701 R C Sarasota Investments LLC · 1 yrs held
1701 R C Sarasota Investments LLC
since 2024
5 recorded transactions
Zoning & alternative use
PDC(RES DEV-NOT RETAIL) · 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
$165 / 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
$106,120
Tax year 2024
Assessed value
$8,268,020
Assessed 2024
Previous assessed
$11,474,610
-27.9% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,363,750
Assessed improvement
$6,904,270
Land market value
$1,363,750
Improvement market value
$6,904,270
Total market value
$8,268,020
Applied tax rate
8,100.0000
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
OFFICE BUILDING
Status
For Lease
Year built
1989
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
4
Total area
75,764 SF
Lot
5.05 ac (219,881 SF)
Zoning code
PDC(RES DEV-NOT RETAIL)
APN
055-2-01-0011-B1
UPID
US87-0739977
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(RES DEV-NOT RETAIL) · Fairfax, VA
Zoning PDC(RES DEV-NOT RETAIL) · permitted uses
PDC(RES DEV-NOT RETAIL) · 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
1989
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
4
Lot
5.05 ac
Current owner
From public records · entity-resolved
1701 R C Sarasota Investments LLC
Entity
Mailing address
111 S ELGIN AVE, TULSA, OK 74120-1816
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
—
1701 R C Sarasota Investments LLC
Fmr1 Valley Junction LLC
Special Warranty Deed
$15,000,000 · Stride Bank NA
May 3, 2019
$37,500,000
Fair Lakes LLC
Us Bk NA 2006-cd3
Grant Deed
—
May 3, 2019
—
38th Fair Lakes LLC
—
Grant Deed
related
$81,000,000 · Bank Of Ok
Sep 7, 2016
$266,011,964
Lasalle Bank NA Cd 2006-cd3
Sri Seven Fair Lakes LLC
Deed In Lieu Of Foreclosure
related
—
Jul 14, 2006
$17,954,980
Owner Name Unavailable
Owner Name Unavailable
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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