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    4321 Markham St Annandale, VA 22003-3022
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    Property profile & analytics

    4321 Markham St, Annandale, VA 22003-3022

    View on Map
    • Industrial properties
    • 3,600 SF
    • 0.36 lot acres
    Off-Market
    Last Sale Jul 12, 2024
    $1,720,000
    Property ID
    US87-0485787
    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.
    Value Estimations
    $1,720,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Windows Plus, LLC / Hardware & Home Improvement / Interior Design
    • Allied The Window Center / Hardware & Home Improvement / Interior Design

    Property Details for 4321 Markham St

    Year built
    1960
    Construction
    CONCRETE BLOCKS
    Lot size
    0.36 lot acres
    Zone code
    C-6(COMMUNITY RETAIL)
    Property type
    Industrial properties
    APN
    071-1-01-0023-A
    APU
    0711010023A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 12, 2024 $1,720,000 Dsamerica INC Bulldogs LLC Deed —
    Aug 4, 2017 — Bulldogs LLC — Deed · related $287k · Business Fin Grp
    Jun 27, 2017 $675,000 Bulldogs LLC Worthington Beverly M Trrt Grant Deed $348k · Sandy Spring Bk
    Jun 27, 2017 — Kathleen Stratton Intervivos Margaret S D Trp Grant Deed · related —
    Mar 28, 2005 — Stratton Kathleen Y D Trust Stratton,kathleen Quit Claim Deed · related —
    Dec 15, 2004 — Kathleen Stratton Dean Margaret S Trust Grant Deed · related —
    — — Bulldogs LLC — Deed Of Trust · related $287k · Business Fin Grp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,720,000
      ML approach
      $1,720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,372,000
      Market price range: $581k - $1.54M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,225,000
      Current use
      COMMERCIAL (GENERAL)
      $1,635,000
      Change: +34% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,325,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,200,000
      Change: -2% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,055,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Annandale
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2
    Latitude
    38.8298
    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
    $8,830
    $395,150
    $292,830
    $687,980
    -
    $395,150
    $292,830
    $687,980

    Comparable in this City

    • Value Estimation
      $2,450,000
      25,080 SF

      5515 Backlick Rd

      INDUSTRIAL (GENERAL)
      5515 Backlick Rd, Annandale, VA 22003
      View Details
    • Value Estimation
      $5,455,000
      36,970 SF

      4312 Ravensworth Rd

      MINI-WAREHOUSE, STORAGE
      4312 Ravensworth Rd, Annandale, VA 22003-5630
      View Details
    • Value Estimation
      $800,000
      1,675 SF

      7221st Little Riv Tpke, Unit 2

      MINI-WAREHOUSE, STORAGE
      7221st Little Riv Tpke, Annandale, VA 22003-3309
      View Details
    • Value Estimation
      $8,000,000
      58,710 SF

      4400 Backlick Rd

      MINI-WAREHOUSE, STORAGE
      4400 Backlick Rd, Annandale, VA 22003-3311
      View Details
    • Value Estimation by Request
      620 SF

      7229 Little Riv Tpke, Unit 4

      MINI-WAREHOUSE, STORAGE
      7229 Little Riv Tpke, Annandale, VA 22003-3309
      View Details
    • Value Estimation
      $720,000
      4,000 SF

      7229th Little Riv Tpke, Unit 6

      MINI-WAREHOUSE, STORAGE
      7229th Little Riv Tpke, Annandale, VA 22003-3309
      View Details

    Similar Nearby for Sale

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    • Contact for pricing

      First-Floor Office Suite

      Well-maintained suite with private offices, reception, and kitchenette, offering immediate-ready space with front-of-unit parking.
      1d-7002 Little River Tpke, Annandale, VA 22003
      View Details
    • Contact for pricing

      Annandale Retail Spaces - Prime Location

      Two 1000 sq ft retail spaces available
      4316 Markham St, 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
    • $3 SF/Yr
      Pending

      Renovated Landmark Building in Annandale

      Newly renovated building with retail and office spaces for rent.
      7409 Little River Tpke, Annandale, VA 22003
      View Details
    • New
      $1,539 /Mo

      Upper-Level Office Suite in Townhouse

      Bright upper-level office suite with reception, private offices, and a kitchen, plus parking included in the rent.
      7002 Evergreen Ct, Annandale, VA 22003
      View Details
    • $1,350 /Mo

      Light-Filled Condo Office For Rent

      End unit condo office with hardwood floors and ample parking.
      7345 Mcwhorter Pl, Annandale, VA 22003
      View Details
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    Annandale, VA 22003-3022
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    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
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