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Property profile & analytics
OFF-MARKET
Estimated value
$15,815,000
Office buildings
3700 Pender Dr Fairfax, VA 22030-6039
Entity Owned
24-yr Hold
Free & Clear
Property ID
US87-0222715
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE BLOCKS
Total area
55,346 SF
Lot
3.48 ac (151,805 SF)
Zoning code
INDUSTRIAL (W/MIX OF INDU
APN
047-3-01-0059-B
UPID
US87-0222715
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
-
Fairfax County Redevelopment and Housing Authority County Government Office Housing Authority
-
Fairfax County Housing Management County Government Office
-
Fairfax Housing & Community Housing Authority
-
Fairfax County Office to Prevent and End Homelessness County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.20M
Comparable Approach
Comparable
$14.99M
Blend (final)
Blend
$15.82M
Owner & transaction history
REDEVELOPMENT & HOUSING AUTHORITY F
REDEVELOPMENT & HOUSING AUTHORITY F
Zoning & alternative use
INDUSTRIAL (W/MIX OF INDU · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$25.1M
+5.8%
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%
$18,625,000
6.5%
$17,195,000
7%
$15,965,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$23,760,000
Current use
COMMERCIAL (GENERAL)
$25,140,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$20,405,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$15.82M
Range $14.23M – $17.40M · ±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
$286 / 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
Assessed value
$6,725,900
Assessed 2024
Previous assessed
$7,016,220
-4.1% YoY
Assessed land
$1,107,230
Assessed improvement
$5,618,670
Land market value
$1,107,230
Improvement market value
$5,618,670
Total market value
$6,725,900
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
3
Total area
55,346 SF
Lot
3.48 ac (151,805 SF)
Zoning code
INDUSTRIAL (W/MIX OF INDU
APN
047-3-01-0059-B
UPID
US87-0222715
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL (W/MIX OF INDU · Fairfax, VA
Zoning INDUSTRIAL (W/MIX OF INDU · permitted uses
INDUSTRIAL (W/MIX OF INDU · 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
OFFICE BUILDING Current
Est. value
$23.8M
COMMERCIAL (GENERAL)
Est. value
$25.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
3
Lot
3.48 ac
Current owner
From public records · entity-resolved
REDEVELOPMENT & HOUSING AUTHORITY F
Individual
Free & Clear · 0 yrs held
Mailing address
3700 PENDER DR STE #300, FAIRFAX, VA 22030-6039
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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