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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Retail properties & Spaces
8213 Rte 29 Fairfax, VA 22031-2203
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0812009
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1950
Construction
CONCRETE BLOCKS
Total area
4,750 SF
Lot
0.41 ac (17,918 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
049-4-01-0006
UPID
US87-0812009
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
$2.01M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.55M
Owner & transaction history
8213 Lee Highway LLC · 4 yrs held
8213 Lee Highway LLC
since 2021
Last sale
$3.0M
2 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+11.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,170,000
6.5%
$2,005,000
7%
$1,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,565,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $3.00M (Nov 16 2021)
Last sale anchor
$3.00M
Nov 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$537 / 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
$28,085
Tax year 2024
Assessed value
$2,188,180
Assessed 2024
Previous assessed
$2,223,440
-1.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$501,700
Assessed improvement
$1,686,480
Land market value
$501,700
Improvement market value
$1,686,480
Total market value
$2,188,180
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1950
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
1
Bathrooms
1
Total area
4,750 SF
Lot
0.41 ac (17,918 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
049-4-01-0006
UPID
US87-0812009
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Fairfax, VA
Zoning I-5(INDUSTRIAL GENERAL) · permitted uses
I-5(INDUSTRIAL GENERAL) · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.6M
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
8213 Lee Highway LLC
Entity
Mailing address
8150 LEESBURG PIKE, VIENNA, VA 22182-7715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2021
$3,000,000
8213 Lee Highway LLC
Victoria K Bodnar
Deed
$2,250,000 · Sandy Spring Bank
Sep 28, 2021
—
Victoria K Bodnar
—
Deed
related
$100,000 · Mainstreet Bank
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.
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