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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Retail space
3204 Old Pickett Rd Fairfax, VA 22031-4721
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US87-1073143
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
6,000 SF
Lot
0.4 ac (17,298 SF)
Zoning code
COMMERCIAL RETAIL
APN
48-3-07-00-001
UPID
US87-1073143
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
-
Kama Hair Studio Hair Salon
-
Avalon Duct Cleaning Solutions Hardware & Home Improvement HVAC Service
-
City Kitchen & Bath Hardware & Home Improvement Kitchen & Bath Showroom
-
Vapor Theory (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.13M
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$2.27M
Owner & transaction history
Sanoy LLC · 13 yrs held
Sanoy LLC
since 2013
1 recorded transaction
Zoning & alternative use
COMMERCIAL RETAIL · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+11.6%
Restaurant
$1.8M
+2.6%
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
$2,125,000
CAP Approach
CAP Return
Estimation
6%
$3,345,000
6.5%
$3,090,000
7%
$2,865,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,770,000
Current use
OFFICE BUILDING
$1,975,000
Change: +12% · Conversion: Easy
RESTAURANT
$1,815,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,495,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±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
$378 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$19,312
Tax year 2023
Assessed value
$1,594,700
Assessed 2023
Previous assessed
$1,594,700
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$778,400
Assessed improvement
$816,300
Land market value
$778,400
Improvement market value
$816,300
Total market value
$1,594,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Heating
NONE
Total area
6,000 SF
Lot
0.4 ac (17,298 SF)
Zoning code
COMMERCIAL RETAIL
APN
48-3-07-00-001
UPID
US87-1073143
Jurisdiction
FAIRFAX CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
COMMERCIAL RETAIL · Fairfax, VA
Zoning COMMERCIAL RETAIL · permitted uses
COMMERCIAL 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
RETAIL STORES Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
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
1974
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
Sanoy LLC
Entity
Mailing address
PO BOX 3804, FAIRFAX, VA 22038-3804
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2013
$1,300,000
Sanoy LLC
Fairfax City Circle
Warranty Deed
$1,000,000 · First Citizens Bank & Tru
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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