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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Office Spaces
8296 Old Courthouse Rd Ste A Vienna, VA 22182-3852
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0240981
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1980
Total area
1,360 SF
Zoning code
C-3(OFFICE)
APN
039-1-20-0025
UPID
US87-0240981
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
-
703 448 3888 Hair Salon Nail Salon
-
ClienTax - CPA offering Tax Prep, Accounting & Payroll Accounting Firm Tax Preparation
-
David Benjamin, LCSW Family Counselor Counselor
-
Josemari Imao, DMD Dental Office
-
Dr. William Mclaughlin Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$420k
Comparable Approach
Comparable
$484k
Blend (final)
Blend
$650k
Owner & transaction history
Fay Estate LLC · 1 yrs held
Fay Estate LLC
since 2024
Last sale
$650,000
1 recorded transaction
Zoning & alternative use
C-3(OFFICE) · Vienna, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ch 18 zoning 2023
Top alternative use upside
Commercial (general)
$620,000
+59.8%
Warehouse, storage
$615,000
+59.2%
Neighborhood: shopping center
$500,000
+29.7%
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 Vienna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vienna 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$460,000
6.5%
$420,000
7%
$390,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$620,000
Change: +60% · Conversion: Easy
WAREHOUSE, STORAGE
$615,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$455,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Sep 24 2024)
Last sale anchor
$650k
Sep 24 2024
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
$478 / 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
$6,776
Tax year 2024
Assessed value
$476,000
Assessed 2024
Previous assessed
$496,400
-4.1% YoY
Effective rate
1.42%
On assessed value
Assessed land
$95,200
Assessed improvement
$380,800
Land market value
$95,200
Improvement market value
$380,800
Total market value
$476,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1980
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
1,360 SF
Zoning code
C-3(OFFICE)
APN
039-1-20-0025
UPID
US87-0240981
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-3(OFFICE) · Vienna, VAZoning C-3(OFFICE) · permitted uses
C-3(OFFICE) · Vienna, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ch 18 zoning 2023
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$455,000
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1980
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Fay Estate LLC
Entity
Mailing address
8110 MADRILLON CT, VIENNA, VA 22182-3750
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
$650,000
Fay Estate LLC
Osinep LLC
Deed
$520,000 · Us Bank NA
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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