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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Medical Office Space
2815 Old Lee Hwy Fairfax, VA 22031-4303
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US87-2165778
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1900
Total area
22,345 SF
Lot
1 ac (43,560 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
049-3-01-0062
UPID
US87-2165778
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
Current use
Occupant on record · Public records
-
Bright Construction Group Offices Construction Company
-
SevaTruck Association / Organization
-
SevaSpaces Fairfax Mosaic Coworking & Hybrid Office
-
Sevatec Inc. IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$955k
Owner & transaction history
Sgs Properties LLC · 14 yrs held
Sgs Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · 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
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,310,000
Current use
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10%
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
$43 / 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
$49,576
Tax year 2024
Assessed value
$3,862,550
Assessed 2024
Previous assessed
$2,293,650
+68.4% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,219,680
Assessed improvement
$2,642,870
Land market value
$1,219,680
Improvement market value
$2,642,870
Total market value
$3,862,550
Applied tax rate
7.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1900
Heating
OTHER
Stories
2
Rooms
6
Bathrooms
1
Total area
22,345 SF
Lot
1 ac (43,560 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
049-3-01-0062
UPID
US87-2165778
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Fairfax, VA
Zoning I-5(INDUSTRIAL GENERAL) · permitted uses
I-5(INDUSTRIAL GENERAL) · 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
MEDICAL BUILDING Current
Est. value
$1.3M
MEDICAL BUILDING Current
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
1900
Heating
OTHER
Stories
2
Rooms
6
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Sgs Properties LLC
Entity
Mailing address
2815 OLD LEE HWY, FAIRFAX, VA 22031-4303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2012
$5,600,000
Sgs Properties LLC
2815 Old Lee Highway LLC
Grant Deed
$4,600,000 · 2815 Old Lee Highway LLC
Sep 17, 2008
—
2815 Old Lee Highway LLC
—
Trustees Deed
related
$77,309 · City Concrete Corp
Dec 21, 2007
$5,000,000
G & G LLC
Christenson,stephen K
Trustees Deed
—
Feb 2, 2007
—
Premier Dev LLC
—
Deed Of Trust
related
$5,500,000 · G & G LLC
Dec 2, 2004
—
Premier Dev LLC
—
Deed Of Trust
related
$3,700,000 · G & G LLC
Aug 5, 2004
$1,550,000
Premier Dev LLC
Wright,howard B & Marilyn Y
Grant Deed
$1,260,000 · Access National Bank
—
—
Premier Dev LLC
—
Deed Of Trust
related
$300,000 · Zahra H Khashani
—
—
Premier Dev LLC
—
Deed Of Trust
related
$150,000 · Kayvan Mehrbakhsh
—
—
Sgs Properties LLC
—
Deed Of Trust
related
$4,600,000 · Pnc Bank
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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