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Property profile & analytics
OFF-MARKET
Estimated value
$25,785,000
Office buildings
8403 Arlington Blvd Fairfax, VA 22031-4661
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US87-0736091
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
95,482 SF
Lot
2.82 ac (122,975 SF)
Zoning code
C-3(OFFICE)
APN
049-3-09-0007-A
UPID
US87-0736091
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
-
SMWNBF Pension Office
-
NEMI General Contractor
-
Fire Life Safety General Contractor
-
smohit Occupational Safety And Health
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.66M
Comparable Approach
Comparable
$26.95M
Blend (final)
Blend
$25.79M
Owner & transaction history
Lllp Dewberry IV · 17 yrs held
Lllp Dewberry IV
since 2009
3 recorded transactions
Zoning & alternative use
C-3(OFFICE) · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$32,130,000
6.5%
$29,660,000
7%
$27,540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$41,275,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$35,200,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$25.79M
Range $23.21M – $28.36M · ±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
$270 / 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
$173,499
Tax year 2024
Assessed value
$13,517,680
Assessed 2024
Previous assessed
$14,603,560
-7.4% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,206,550
Assessed improvement
$11,311,130
Land market value
$2,206,550
Improvement market value
$11,311,130
Total market value
$13,517,680
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
4
Total area
95,482 SF
Lot
2.82 ac (122,975 SF)
Zoning code
C-3(OFFICE)
APN
049-3-09-0007-A
UPID
US87-0736091
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-3(OFFICE) · Fairfax, VA
Zoning C-3(OFFICE) · permitted uses
C-3(OFFICE) · 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 Current
Est. value
$41.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$35.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
4
Lot
2.82 ac
Current owner
From public records · entity-resolved
Lllp Dewberry IV
Entity
Mailing address
8401 ARLINGTON BLVD, FAIRFAX, VA 22031-4619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2009
—
Lllp Dewberry IV
—
Deed Of Trust
related
$16,000,000 · Pnc Bank
Sep 1, 2005
—
Lllp Dewberry IV
—
Deed Of Trust
related
$16,210,411 · Mercantile-safe Deposit & Trus
—
—
Dewberry IV LLC
—
Loan Modification
related
$16,000,000 · Pnc 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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