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Property profile & analytics
FOR LEASE
Strip malls
3903 Fair Ridge Dr Fairfax, VA 22033
Individually Owned
2-yr Hold
Free & Clear
Property ID
US87-0776778
For Lease
1 / 8
$35,890,000
3903 Fair Ridge Dr, Fairfax, VA 22033
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
142,665 SF
Lot
9.99 ac (434,969 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
046-3-01-0015-A3
UPID
US87-0776778
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
-
Pender Dental Care Dental Office
-
Zen Family Dental Dental Office
-
trü orthodontics Dental Office
-
Dr. Chetana Saxena, DMD Dental Office
-
Professional Dentist Fairfax : Elite Smiles Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$49.73M
Blend (final)
Blend
$35.89M
Owner & transaction history
Virginia Alcoholic Beverage Control · 2 yrs held
Virginia Alcoholic Beverage Control
since 2024
3 recorded transactions
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$53.9M
+2.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$52,600,000
Current use
OFFICE BUILDING
$53,865,000
Change: +2% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$48,525,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$47,630,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$35.89M
Range $32.30M – $39.48M · ±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
$252 / 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
$588,030
Tax year 2024
Assessed value
$45,814,560
Assessed 2024
Previous assessed
$45,436,120
+0.8% YoY
Effective rate
1.28%
On assessed value
Assessed land
$13,814,040
Assessed improvement
$32,000,520
Land market value
$13,814,040
Improvement market value
$32,000,520
Total market value
$45,814,560
Applied tax rate
9.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Heating
NONE
Stories
1
Total area
142,665 SF
Lot
9.99 ac (434,969 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
046-3-01-0015-A3
UPID
US87-0776778
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Fairfax, VA
Zoning PDC(PLANNED DEV COMMERCIA · permitted uses
PDC(PLANNED DEV COMMERCIA · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$52.6M
OFFICE BUILDING
Est. value
$53.9M
INDUSTRIAL (GENERAL)
Est. value
$48.5M
AUTO REPAIR, GARAGE
Est. value
$47.6M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
Heating
NONE
Stories
1
Lot
9.99 ac
Current owner
From public records · entity-resolved
Virginia Alcoholic Beverage Control
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 3250, MECHANICSVILLE, VA 23116-0030
Ownership since
2024
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
May 14, 2024
—
Virginia Alcoholic Beverage Control
Pender L L C
Lease
—
Feb 1, 2013
—
Pender LLC
—
Deed Of Trust
related
$34,745,800 · Suntrust Bank NA
Sep 9, 2008
$3,468,900
Pender LLC
Light Global Mission Church
Deed Of Trust
related
$3,500,000 · Suntrust Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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