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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Turn key restaurants
12821 Fair Lks Pkwy Fairfax, VA 22033-3807
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3840633
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Construction
FRAME
Total area
7,884 SF
Lot
1.35 ac (58,970 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
045-4-11-0007-C2
UPID
US87-3840633
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
$1.15M
Owner & transaction history
Donald C L Tang · 3 yrs held
Donald C L Tang
since 2022
5 recorded transactions
Zoning & alternative use
PDC(COM/INDUST/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
$146 / 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
$33,801
Tax year 2024
Assessed value
$2,633,480
Assessed 2024
Previous assessed
$2,198,910
+19.8% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,303,240
Assessed improvement
$1,330,240
Land market value
$1,303,240
Improvement market value
$1,330,240
Total market value
$2,633,480
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 Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
OTHER
Cooling
YES
Stories
1
Total area
7,884 SF
Lot
1.35 ac (58,970 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
045-4-11-0007-C2
UPID
US87-3840633
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Donald C L Tang
Individual
Free & Clear · 3 yrs held
Mailing address
407 MAIN ST, GAITHERSBURG, MD 20878-5504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 7, 2022
—
Donald C L Tang
Well Made LLC
Deed
—
Sep 18, 2015
$3,300,000
Well Made LLC
Spirit Lr Fairfax Va LLC
Grant Deed
—
Mar 30, 2007
$3,209,000
Cole Lr Fairfax Va LLC
Nnn Acquisitions INC
Special Warranty Deed
$2,567,000 · Wachovia Bank N A
Jan 4, 2007
$2,879,737
Nnn Acquisitions INC
Logans Roadhouse INC
Grant Deed
—
—
—
Spirit Lr Fairfax Va LLC
—
Loan Modification
related
$2,567,000 · Us Bank NA #2007-c33 (ce)
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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