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Property profile & analytics
OFF-MARKET
Estimated value
$20,335,000
Community centers
13035 Fair Lks Shopping Ctr Fairfax, VA 22033-5179
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1873463
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Construction
STEEL FRAME
Total area
80,014 SF
Lot
6.92 ac (301,518 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
055-2-04-0013
UPID
US87-1873463
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
$21.85M
Blend (final)
Blend
$20.34M
Owner & transaction history
Realty Income Prop 21 LLC · 6 yrs held
Realty Income Prop 21 LLC
since 2020
Last sale
$20.2M
2 recorded transactions
Zoning & alternative use
PDC(COM/INDUST/RETAIL) · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$30.2M
+2.4%
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
$19,175,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$29,500,000
Current use
OFFICE BUILDING
$30,210,000
Change: +2% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$27,215,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,715,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$20.34M
Range $18.30M – $22.37M · ±10% · vs last sale $20.15M (Mar 2 2020)
Last sale anchor
$20.15M
Mar 2 2020
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
$254 / 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
$258,354
Tax year 2024
Assessed value
$20,128,870
Assessed 2024
Previous assessed
$19,450,300
+3.5% YoY
Effective rate
1.28%
On assessed value
Assessed land
$6,934,910
Assessed improvement
$13,193,960
Land market value
$6,934,910
Improvement market value
$13,193,960
Total market value
$20,128,870
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
1
Total area
80,014 SF
Lot
6.92 ac (301,518 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
055-2-04-0013
UPID
US87-1873463
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$29.5M
OFFICE BUILDING
Est. value
$30.2M
INDUSTRIAL (GENERAL)
Est. value
$27.2M
AUTO REPAIR, GARAGE
Est. value
$26.7M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
6.92 ac
Current owner
From public records · entity-resolved
Realty Income Prop 21 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
$20,153,655
Realty Income Prop 21 LLC
Tru 2005 Re I LLC
Grant Deed
—
Dec 28, 2005
—
Tru 2005 Re I LLC
Toys R Us - Delaware INC
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.
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