Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4401 N Fairfax Dr Arlington, VA 22203
    Back to Search
    Property profile & analytics

    4401 N Fairfax Dr Arlington, VA 22203

    View on Map
    • Office buildings
    • 135,000 SF
    • 1.07 lot acres
    For Lease
    $22,565,000
    View Listing →
    Restaurant and Retail Space Available For Lease
    $22,565,000
    3,354 SF

    Restaurant and Retail Space Available

    Restaurant and retail spaces available in Ballston retail corridor.

    4401 N Fairfax Drive, Arlington, VA
    View Listing
    Property ID
    US87-0480493
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lindsey Berisha / Physician / Medical Clinic
    • ADS Federal / Consultant
    • Thanjina Ahmed / Physician / Medical Clinic
    • Brooke Mcginnis / Physician / Medical Clinic
    • National Tax-deferred Savings Association / Charitable Organization / Social Service Agency

    Property Details for 4401 N Fairfax Dr

    Year built
    1988
    Lot size
    1.07 lot acres
    Property size
    135,000 SF
    Zone code
    RC
    Property type
    Office buildings
    APN
    14-017-016
    APU
    14017016

    Description

    Arlington Square, located at 4401 Fairfax Drive in Arlington, Virginia (zip code 22203), presents a unique opportunity for retail or restaurant businesses. This multi-tenant commercial property boasts a total of 5,595 square feet, currently entirely vacant and available for lease. The space is highly flexible, offering a minimum divisible unit of 2,241 square feet and a maximum contiguous space of 3,354 square feet, catering to a variety of business needs and expansion plans. Its prime location in Arlington County places it within easy reach of a substantial customer base. The property's address is strategically situated at 4401 Fairfax Drive, providing excellent visibility and accessibility. This presents a rare chance to establish a presence in a thriving Arlington market. The building's layout is adaptable to various retail concepts or restaurant styles, offering significant potential for customization to suit specific business requirements. Interested parties are encouraged to inquire about lease terms and explore the possibilities this exceptional property offers. The property is classified as both retail and restaurant space, making it suitable for a wide range of commercial uses. The entire 5,595 square feet is currently available, providing a blank canvas for a new business venture or expansion. This is a significant opportunity in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $32,215,000
      6.5%
      $29,735,000
      7%
      $27,615,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Arlington
    State
    Virginia
    Longitude
    -77.1143
    Latitude
    38.8825
    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
    $400,809
    $8,775,000
    $24,542,500
    $33,317,500
    -
    $8,775,000
    $24,542,500
    $33,317,500

    Comparable in this City

    • Value Estimation
      $11,290,000
      142,471 SF

      900 Glebe Rd

      OFFICE BUILDING (MULTI-STORY) • 142,471 SF
      900 Glebe Rd, Arlington, VA 22203-1822
      View Details
    • Value Estimation
      $7,990,000
      76,650 SF

      3803 Fairfax Dr

      OFFICE BUILDING • 76,650 SF
      3803 Fairfax Dr, Arlington, VA 22203-5860
      View Details
    • Value Estimation
      $22,665,000
      165,227 SF

      200 Glebe Rd

      OFFICE BUILDING (MULTI-STORY) • 165,227 SF
      200 Glebe Rd, Arlington, VA 22203-3728
      View Details
    • Value Estimation
      $19,915,000
      114,756 SF

      801 Quincy St

      OFFICE BUILDING (MULTI-STORY) • 114,756 SF
      801 Quincy St, Arlington, VA 22203-1999
      View Details
    • Value Estimation
      $35,190,000
      175,976 SF

      4200 Wilson Blvd

      OFFICE BUILDING (MULTI-STORY) • 175,976 SF
      4200 Wilson Blvd, Arlington, VA 22203-4416
      View Details
    • Value Estimation by Request
      252,960 SF

      4601 Fairfax Dr

      OFFICE BUILDING (MULTI-STORY) • 252,960 SF
      4601 Fairfax Dr, Arlington, VA 22203-1527
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      176,117 SF

      Office Building in Ballston Tower

      16-story office building with access to Ballston amenities.
      671 North Glebe Rd, Arlington, VA 22203
      View Details
    • Contact for pricing
      4,640 SF

      Arlington Office Building For Rent

      Class A office building with metro access and many amenities.
      4200 Wilson Blvd, Arlington, VA 22203
      View Details
    • Contact for pricing
      9,203 SF

      Premier Office Building with Amenities

      Class A office space with hotel, apartments, and metro access.
      901 N Glebe Rd, Arlington, VA 22203
      View Details
    • $46 SF/Yr
      29,379 SF

      Class A Office Space

      Premier office building with superior accessibility and modern amenities.
      901 North Glebe Rd, Arlington, VA 22203
      View Details
    • Contact for pricing

      Class-A Office Building in Arlington

      New 201,000 SF Class-A office space for rent.
      3901 Fairfax Dr, Arlington, VA 22203
      View Details
    • $42 SF/Yr
      74,505 SF

      Class A Office Near Metro

      Eight-story, 275,481 SF Class A office building near Ballston Metro.
      4301 Fairfax Dr, Arlington, VA 22203
      View Details
    View Listing
    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.
    4401 N Fairfax Dr
    Arlington, VA 22203
    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

    Thank You for Inquiry
    4401 N Fairfax Dr, Arlington, VA, 22203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!