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Property profile & analytics
OFF-MARKET
Estimated value
$7,010,000
Auto shops
8415 Rte 29 Fairfax, VA 22031-2212
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-1340703
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1946
Construction
BRICK
Total area
19,554 SF
Lot
1.86 ac (80,920 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
049-3-01-0042
UPID
US87-1340703
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
by Request
Comparable Approach
Comparable
$8.03M
Blend (final)
Blend
$7.01M
Owner & transaction history
Nnn Auto Owner Vi LLC · 7 yrs held
Nnn Auto Owner Vi LLC
since 2019
4 recorded transactions
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.9M
+36.1%
Office building
$8.5M
+29.5%
Neighborhood: shopping center
$7.2M
+10.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,530,000
Current use
COMMERCIAL (GENERAL)
$8,880,000
Change: +36% · Conversion: Moderate
OFFICE BUILDING
$8,455,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,210,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,650,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$7.01M
Range $6.31M – $7.71M · ±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
$358 / 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
$90,534
Tax year 2024
Assessed value
$7,053,690
Assessed 2024
Previous assessed
$7,073,920
-0.3% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,265,760
Assessed improvement
$4,787,930
Land market value
$2,265,760
Improvement market value
$4,787,930
Total market value
$7,053,690
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1946
Construction
BRICK
Heating
OTHER
Cooling
YES
Stories
1
Total area
19,554 SF
Lot
1.86 ac (80,920 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
049-3-01-0042
UPID
US87-1340703
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Fairfax, VA
Zoning C-8(HIGHWAY COMMERCIAL) · permitted uses
C-8(HIGHWAY COMMERCIAL) · 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
AUTO REPAIR, GARAGE Current
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$8.9M
OFFICE BUILDING
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
INDUSTRIAL (GENERAL)
Est. value
$6.7M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1946
Construction
BRICK
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Nnn Auto Owner Vi LLC
Entity
Mailing address
8415 RTE 29, FAIRFAX, VA 22031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2019
$12,200,000
Nnn Auto Owner Vi LLC
Mmr Holdings LLC
Trustees Deed
$14,303,149 · Athene Annuity & Life Co
—
—
Mmr Holdings LLC
—
Loan Modification
related
—
—
—
Car Uni Va Tys Pa LLC
—
Deed Of Trust
related
—
—
—
Car Uni Va Tys Pa LLC
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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