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Property profile & analytics
OFF-MARKET
Estimated value
$38,350,000
Office buildings
8350 Richmond Hwy Alexandria, VA 22309-2300
Individually Owned
16-yr Hold
Free & Clear
Property ID
US87-0138283
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
STEEL FRAME
Total area
159,610 SF
Lot
8.24 ac (359,109 SF)
Zoning code
C-3(OFFICE)
APN
101-3-01-0016-A
UPID
US87-0138283
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
-
Fairfax County Department-Alcohol County Government Office
-
Corcoran Catherine Physician
-
Rosalinde Smith Physician
-
Dr. Daniel F. Harris, MD Pediatrician Physician
-
Jennifer L. Newman, LCSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.07M
Comparable Approach
Comparable
$36.32M
Blend (final)
Blend
$38.35M
Owner & transaction history
Board Of Supervisors/fairfax Cnty · 16 yrs held
Board Of Supervisors/fairfax Cnty
since 2010
1 recorded transaction
Zoning & alternative use
C-3(OFFICE) · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$58.8M
+6.3%
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 Alexandria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alexandria 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%
$37,990,000
6.5%
$35,070,000
7%
$32,565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$55,360,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$58,845,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$54,290,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$54,160,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$38.35M
Range $34.52M – $42.19M · ±10%
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
$240 / 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
Assessed value
$46,906,950
Assessed 2024
Previous assessed
$51,192,380
-8.4% YoY
Assessed land
$7,541,290
Assessed improvement
$39,365,660
Land market value
$7,541,290
Improvement market value
$39,365,660
Total market value
$46,906,950
Applied tax rate
4.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
5
Total area
159,610 SF
Lot
8.24 ac (359,109 SF)
Zoning code
C-3(OFFICE)
APN
101-3-01-0016-A
UPID
US87-0138283
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-3(OFFICE) · Alexandria, VA
Zoning C-3(OFFICE) · permitted uses
C-3(OFFICE) · Alexandria, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alexandria. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$55.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$58.8M
INDUSTRIAL (GENERAL)
Est. value
$54.3M
WAREHOUSE, STORAGE
Est. value
$54.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2001
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
5
Lot
8.24 ac
Current owner
From public records · entity-resolved
Board Of Supervisors/fairfax Cnty
Individual
Free & Clear · 16 yrs held
Mailing address
12000 GOVERNMENT CTR PKWY STE #424, FAIRFAX, VA 22035-0001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Mar 18, 2010
—
Board Of Supervisors/fairfax Cnty
Mdp Buckman LLC
Grant Deed
related
—
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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