Property profile

8416 Rte 29 Fairfax, VA 22031

OFF-MARKET
Retail space
Property ID
US87-1233889
14,194 SF 1.39 ac lot
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Construction STEEL FRAME
Total area 14,194 SF
Lot 1.39 ac (60,750 SF)
Zoning code C-6(COMMUNITY RETAIL)
APN 049-3-01-0145-A
UPID US87-1233889

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8416 Rte 29 Fairfax, VA 22031-1503
Fairfax metro Census 461605 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.99M
Comparable Approach Comparable
$7.07M
Blend (final) Blend
$6.53M

Owner & transaction history

since 2011
2 recorded transactions
2011
$7.3M
1969
Price N/A

Zoning & alternative use

C-6(COMMUNITY RETAIL) · Fairfax, VA
Top alternative use upside
Office building $4.7M +11.6%
Restaurant $4.3M +2.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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