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Property profile & analytics
OFF-MARKET
Estimated value
$3,970,000
Individual retail properties
12971 Fair Lks Shopping Ctr Fairfax, VA 22033-5177
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1361068
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Year built
1993
Construction
CONCRETE BLOCKS
Total area
25,010 SF
Lot
2.35 ac (102,387 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
055-2-04-0020
UPID
US87-1361068
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
$4.15M
Blend (final)
Blend
$3.97M
Owner & transaction history
Commonwealth Of Virginia · 3 yrs held
Commonwealth Of Virginia
since 2023
Last sale
$49,456
4 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,230,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.97M
Range $3.57M – $4.37M · ±10% · vs last sale $49k (May 16 2023)
Last sale anchor
$49k
May 16 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$159 / 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
$53,076
Tax year 2024
Assessed value
$4,135,250
Assessed 2024
Previous assessed
$4,236,420
-2.4% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,174,000
Assessed improvement
$961,250
Land market value
$3,174,000
Improvement market value
$961,250
Total market value
$4,135,250
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
Individual retail properties
Use group
APPLIANCE STORE
Status
Off-Market
Year built
1993
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
1
Total area
25,010 SF
Lot
2.35 ac (102,387 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
055-2-04-0020
UPID
US87-1361068
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(COM/INDUST/RETAIL) · Fairfax, VA
Zoning 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
Fairfax. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$6.2M
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Commonwealth Of Virginia
Individual
Mailing address
19601 N 27TH AVE, PHOENIX, AZ 85027-4008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
$49,456
Commonwealth Of Virginia
T & M Investors IV
Deed
—
Oct 28, 2020
—
Commonwealth Of Va
T Investors IV
Grant Deed
related
—
Nov 8, 2005
$10
T Investors IV
Donet Co
Grant Deed
related
$2,000,000 · Principal Commercial Funding
—
—
T & M Investors IV LP
—
Deed Of Trust
related
$1,600,000 · Cardinal 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.
Try Rey
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