Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4231 Markham St Annandale, VA 22003-3028

    • Community centers
    • 51,360 SF
    • 3.13 lot acres
    OFF-MARKET
    Value Estimations
    $11,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0939360
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CHUNG DAM / Restaurant
    • Claros Claudia M DDS / Dental Office
    • Abramson Jules E DDS / Dental Office
    • 다누리 Danuri Mall / Grocery & Convenience Store / Food Market
    • ICON Dental Lab / Dental Office

    Property Details for 4231 Markham St

    Year built
    1977
    Construction
    CONCRETE BLOCKS
    Lot size
    3.13 lot acres
    Property size
    51,360 SF
    Zone code
    C-6(COMMUNITY RETAIL)
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    071-1-20-0003
    APU
    711200003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,222,000
      Market price range: $12.2M - $29.6M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $17,470,000
      AUTO REPAIR, GARAGE
      $17,145,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Annandale
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1978
    Latitude
    38.8327
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $125,240
    $3,412,630
    $6,345,090
    $9,757,720
    -
    $3,412,630
    $6,345,090
    $9,757,720

    Comparable in this City

    • Value Estimation
      $2,850,000
      11,029 SF

      4201 Tom Davis Dr

      MINI-MALL • 11,029 SF
      4201 Tom Davis Dr, Annandale, VA 22003-3171
      View Details
    • Value Estimation
      $3,900,000
      14,170 SF

      4230 Annandale Rd

      MINI-MALL • 14,170 SF
      4230 Annandale Rd, Annandale, VA 22003-3172
      View Details
    • Value Estimation
      $5,490,000
      24,280 SF

      4316 Markham St

      MINI-MALL • 24,280 SF
      4316 Markham St, Annandale, VA 22003-3035
      View Details
    • Value Estimation by Request
      0.04 Acres

      Annandale, VA 22003

      MINI-MALL • 0.04 Acres
      Annandale, VA 22003
      View Details
    • Value Estimation
      $3,115,000
      153,341 SF

      6900 Bradlick Shopping Ctr

      MINI-MALL • 153,341 SF
      6900 Bradlick Shopping Ctr, Annandale, VA 22003
      View Details
    • Value Estimation
      $9,870,000
      34,706 SF

      7031 Little Riv Tpke

      MINI-MALL • 34,706 SF
      7031 Little Riv Tpke, Annandale, VA 22003-5971
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Annandale Retail Spaces - Prime Location

      Two 1000 sq ft retail spaces available
      4316 Markham St, Annandale, VA 22003
      View Details
    • $275,000
      0.25 Acres

      Retail Opportunity in Annandale, VA

      Retail property for sale in Annandale, Virginia.
      7119 Columbia Pike, Annandale, VA 22003
      View Details
    • $800,000

      Annandale Commercial Property and Salon

      Commercial property with turnkey hair salon business in prime Annandale.
      4538 John Marr Dr, Annandale, VA 22003
      View Details
    • $299,000

      Renovated Office Condo For Sale

      Renovated office condo located on the parking lot level.
      7361 Mcwhorter Pl, Annandale, VA 22003
      View Details
    • $395,000

      Annandale Office Suites For Sale

      Ground floor office suites in wellness-focused business park, Annandale, VA.
      7202-A Poplar St, Annandale, VA 22003
      View Details
    • $400,000

      Ground Level Office End Unit

      1,200 SF ground-level office suitable for medical or professional use.
      7006 Little River Tpke, Annandale, VA 22003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,750 SF

      Retail Space in High-Traffic Center

      Retail space with high visibility, anchored by Giant.
      6900 Bradlick Shopping Ctr, Annandale, VA 22003
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Annandale Center

      Grocery-anchored shopping center space for lease in Annandale, Virginia.
      7408-7448 Little River Tpke, Annandale, VA 22003
      View Details
    • $4,000 /Mo

      Annandale Retail/Office Freestanding Building

      Freestanding building in central Annandale with parking.
      4119 Chatelain Rd, Annandale, VA 22003
      View Details
    • $2,500 /Mo

      Annandale Retail/Office Space For Rent

      Retail or office space in central Annandale with utilities included.
      4119 Chatelain Rd, Annandale, VA 22003
      View Details
    • New
      $4,000 /Mo
      23,522 SF

      Annandale Retail/Office Space Available

      Freestanding building in prime Annandale location, retail or office.
      4119 Chatelain Rd, Annandale, VA 22003
      View Details
    • $1,000 /Mo

      Annandale Retail or Office Space

      Retail or office space in central Annandale location.
      4121 Chatelain Rd, Annandale, VA 22003
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4231 Markham St
    Annandale, VA 22003-3028
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!