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Property profile & analytics
OFF-MARKET
Estimated value
$22,420,000
Apartment buildings
3951 Fair Rdg Dr Fairfax, VA 22033-2962
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1976561
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
270,152 SF
Lot
6.94 ac (302,138 SF)
Zoning code
R-8(RESIDENTIAL 8 DU/AC)
APN
046-3-01-0014-C
UPID
US87-1976561
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.42M
Owner & transaction history
Crp-grep Fair Ridge Owner LLC · 10 yrs held
Crp-grep Fair Ridge Owner LLC
since 2015
4 recorded transactions
Zoning & alternative use
R-8(RESIDENTIAL 8 DU/AC) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$83 / 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
$778,065
Tax year 2024
Assessed value
$67,161,440
Assessed 2024
Previous assessed
$66,216,800
+1.4% YoY
Effective rate
1.16%
On assessed value
Assessed land
$6,200,000
Assessed improvement
$60,961,440
Land market value
$6,200,000
Improvement market value
$60,961,440
Total market value
$67,161,440
Applied tax rate
90,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Stories
4
Total area
270,152 SF
Lot
6.94 ac (302,138 SF)
Zoning code
R-8(RESIDENTIAL 8 DU/AC)
APN
046-3-01-0014-C
UPID
US87-1976561
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
R-8(RESIDENTIAL 8 DU/AC) · Fairfax, VA
Zoning R-8(RESIDENTIAL 8 DU/AC) · permitted uses
R-8(RESIDENTIAL 8 DU/AC) · 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.
Building & site characteristics
From public records
Heating
NONE
Stories
4
Lot
6.94 ac
Current owner
From public records · entity-resolved
Crp-grep Fair Ridge Owner LLC
Entity
Mailing address
8405 GREENSBORO DR STE #500, MC LEAN, VA 22102-5119
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Crp Grep Fair Ridge Owner LLC
—
Deed
related
$47,815,000 · Walker & Dunlop LLC
Nov 26, 2019
—
Crp-grep Fair Ridge Owner LLC
—
Loan Modification
related
$42,321,500 · Hsbc Bk USA NA
Dec 4, 2015
$7,500,000
Crp-grep Fair Ridge Owner LLC
Fair Ridge LLC
Trustees Deed
related
$44,625,000 · Pnc Bk
Mar 15, 2006
$4,500,000
Fair Ridge LLC
Fair Ridge Place LLC
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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