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Property profile & analytics
FOR LEASE
Office buildings
3998 Fair Ridge Dr Fairfax, VA 22033
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0136986
For Lease
1 / 5
$25 SF/Yr
3998 Fair Ridge Dr, Fairfax, VA 22033
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
60,806 SF
Lot
3.5 ac (152,495 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
046-3-17-0001
UPID
US87-0136986
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
-
J. Alexander Withers DDS Dental Office
-
Periodontist - Fairfax, VA Dental Office
-
Eye Specialists and Surgeons of Northern Virginia Ophthalmologist
-
Great Legal Marketing Advertising Agency Marketing & Advertising
-
R H Nicholson & Company, Inc. Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.94M
Owner & transaction history
S & S Waples Mill LLC · 6 yrs held
S & S Waples Mill LLC
since 2020
4 recorded transactions
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · 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
$163 / 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
$82,278
Tax year 2024
Assessed value
$6,410,460
Assessed 2024
Previous assessed
$7,197,040
-10.9% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,094,510
Assessed improvement
$5,315,950
Land market value
$1,094,510
Improvement market value
$5,315,950
Total market value
$6,410,460
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 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
For Lease
Year built
1986
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
YES
Stories
3
Total area
60,806 SF
Lot
3.5 ac (152,495 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
046-3-17-0001
UPID
US87-0136986
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.
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
3
Lot
3.5 ac
Current owner
From public records · entity-resolved
S & S Waples Mill LLC
Entity
Mailing address
4025 JERMANTOWN RD, FAIRFAX, VA 22030-5012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jul 16, 2020
—
S & S Waples Mill LLC
—
Deed
related
$1,500,000 · Sandy Spring Bk
Dec 17, 2018
—
S & S Waples Mill LLC
—
Deed
related
$1,500,000 · Sandy Spring Bk
—
—
S & S Waples Mill LLC
—
Deed Of Trust
related
$1,500,000 · Sandy Spring Bk
—
—
S & S Waples Mill LLC
—
Loan Modification
related
$1,500,000 · Sandy Spring Bk
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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