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Property profile & analytics
OFF-MARKET
Estimated value
$2,855,000
Warehouses
3851 Pickett Rd Fairfax, VA 22031-3605
Entity Owned
8-yr Hold
Free & Clear
Property ID
US87-0479792
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
15,400 SF
Lot
1.03 ac (44,736 SF)
Zoning code
INDUSTRIAL HEAVY
APN
58-3-02-00-033
UPID
US87-0479792
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
-
Affectionate Pet Care Pet Grooming Service
-
A Balanced Canine Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.66M
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$3.45M
Blend (final)
Blend
$2.86M
Owner & transaction history
Pickett Road Investors LLC · 8 yrs held
Pickett Road Investors LLC
since 2017
3 recorded transactions
Zoning & alternative use
INDUSTRIAL HEAVY · 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
$3,660,000
CAP Approach
CAP Return
Estimation
6%
$2,690,000
6.5%
$2,485,000
7%
$2,305,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,525,000
Current use
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±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
$185 / 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
$36,934
Tax year 2023
Assessed value
$2,982,800
Assessed 2023
Previous assessed
$2,982,800
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,230,700
Assessed improvement
$1,752,100
Land market value
$1,230,700
Improvement market value
$1,752,100
Total market value
$2,982,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
NONE
Total area
15,400 SF
Lot
1.03 ac (44,736 SF)
Zoning code
INDUSTRIAL HEAVY
APN
58-3-02-00-033
UPID
US87-0479792
Jurisdiction
FAIRFAX CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL HEAVY · Fairfax, VA
Zoning INDUSTRIAL HEAVY · permitted uses
INDUSTRIAL HEAVY · 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
WAREHOUSE, STORAGE Current
Est. value
$3.5M
WAREHOUSE, STORAGE 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
1970
Heating
NONE
Lot
1.03 ac
Current owner
From public records · entity-resolved
Pickett Road Investors LLC
Entity
Free & Clear · 8 yrs held
Mailing address
4008 STONE WALL AVE, FAIRFAX, VA 22032-1015
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2017
$15,000,000
Pickett Road Investors LLC
Elm Street Holdings LLC
Special Warranty Deed
—
Mar 7, 2017
—
3851 Pickett Road LLC
—
Deed
related
$2,500,000 · Bank Of America NA
Aug 25, 2011
$2,500,000
3851 Pickett Road LLC
W And N Company
Warranty Deed
$2,000,000 · Sandy Spring 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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