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    Property profile & analytics

    2724 Merrilee Dr Fairfax, VA 22031-4408

    • Apartment buildings
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 14, 2025
    Location Intelligence
    Property ID
    US87-1010294
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2724 Merrilee Dr

    Lot size
    1.00 lot acres
    Zone code
    PLANNED RES MIXED USE
    Property type
    Apartment buildings
    APN
    049-1-16-0006
    APU
    491160006

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2315
    Latitude
    38.8793
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $40,878
    $3,528,510
    $0.00
    $3,528,510
    -
    $3,528,510
    $0.00
    $3,528,510

    Comparable in this City

    • Value Estimation by Request
      137,264 SF

      Fairfax, VA 22031

      APARTMENT HOUSE (5+ UNITS) • 137,264 SF
      Fairfax, VA 22031
      View Details
    • Value Estimation by Request
      57,255 SF

      2722 Merrilee Dr

      APARTMENT HOUSE (5+ UNITS) • 57,255 SF
      2722 Merrilee Dr, Fairfax, VA 22031-4420
      View Details
    • Value Estimation by Request
      264,345 SF

      Fairfax, VA 22031

      APARTMENT HOUSE (5+ UNITS) • 264,345 SF
      Fairfax, VA 22031
      View Details
    • Value Estimation by Request
      538,794 SF

      2987 District Ave Ste, Unit 110

      APARTMENT HOUSE (5+ UNITS) • 538,794 SF
      2987 District Ave Ste, Fairfax, VA 22031-2291
      View Details
    • Value Estimation by Request
      108,471 SF

      Fairfax, VA 22031

      APARTMENT HOUSE (5+ UNITS) • 108,471 SF
      Fairfax, VA 22031
      View Details
    • Value Estimation by Request
      14,000 SF

      9500 Saintsbury Dr

      Multifamily properties • 14,000 SF
      9500 Saintsbury Dr, Fairfax, VA 22031
      View Details

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    Similar Nearby for Lease

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      Office suites available on Main Street in Fairfax, Virginia.
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    • Contact for pricing
      4,300 SF

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      Flex/Industrial space available for rent in Fairfax, Virginia.
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      200,000 square foot office building with metro access.
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    Fairfax, VA 22031-4408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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