Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    8431 Hilltop Rd Fairfax, VA 22031-4301
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8431 Hilltop Rd Fairfax, VA 22031-4301

    View on Map
    • Industrial properties
    • 13,620 SF
    • 0.50 lot acres
    Off-Market
    Last Sale Jun 24, 2022
    $4,650,000
    Property ID
    US87-1153618
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,340,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J H Kim Associates Inc / Construction Company / General Contractor

    Property Details for 8431 Hilltop Rd

    Year built
    1985
    Construction
    CONCRETE BLOCKS
    Lot size
    0.50 lot acres
    Property size
    13,620 SF
    Zone code
    I-4(INDUST MEDIUM INTENSI
    Property type
    Industrial properties
    APN
    049-1-01-0016
    APU
    491010016

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,635,000
      Current use
      COMMERCIAL (GENERAL)
      $6,185,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $5,890,000
      Change: +27% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,020,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,545,000
      Change: -2% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2378
    Latitude
    38.8753
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $28,398
    $675,180
    $1,537,400
    $2,212,580
    -
    $675,180
    $1,537,400
    $2,212,580

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      8213 Lee Hwy

      Individual retail properties • 4,800 SF
      8213 Lee Hwy, Fairfax, VA 22031
      View Details
    • Value Estimation by Request
      658,901 SF

      2700 Prosperity Ave

      Office buildings • 658,901 SF
      2700 Prosperity Ave, Fairfax, VA 22031
      View Details
    • Value Estimation
      $500,000
      1,200 SF

      2809 Old Lee Hwy

      CONSTRUCTION/CONTRACTING SERVICES • 1,200 SF
      2809 Old Lee Hwy, Fairfax, VA 22031
      View Details
    • Value Estimation
      $665,000
      4,912 SF

      8441 Rte 29

      INDUSTRIAL (GENERAL) • 4,912 SF
      8441 Rte 29, Fairfax, VA 22031-2212
      View Details
    • Value Estimation
      $2,245,000
      10,332 SF

      2917 Eskridge Rd

      INDUSTRIAL (GENERAL) • 10,332 SF
      2917 Eskridge Rd, Fairfax, VA 22031-2201
      View Details
    • Value Estimation
      $3,250,000
      13,286 SF

      2930 Industry Ln

      INDUSTRIAL (GENERAL) • 13,286 SF
      2930 Industry Ln, Fairfax, VA 22031-4967
      View Details

    Similar Nearby for Sale

    • $795,000

      Main Street Office Units

      Office units with excellent access to major routes and amenities.
      9673 Main St, Fairfax, VA 22031
      View Details
    • $275,000

      Versatile Office Condo For Sale

      1,000 SF office condo with direct access and visibility.
      9697 Main St, Fairfax, VA 22031
      View Details
    • Contact for pricing
      19,329 SF

      Fairfax Office Building For Sale

      19,329 SF office building in Fairfax, Virginia.
      3022 Javier Rd, Fairfax, VA 22031
      View Details
    • Contact for pricing
      7,208 SF

      Fairfax Blvd Commercial Opportunity

      Established veterinary clinic with redevelopment potential on busy Route 50.
      9780-9786 Fairfax Blvd, Fairfax, VA 22031
      View Details
    • Contact for pricing
      0.22 Acres

      Non-Buildable Lot in Prime Location

      Versatile lot for parking, storage, signage, or urban garden.
      Blake Ln/Blake Ln Service Rd, Fairfax, VA 22031
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Opportunity

      Single tenant industrial property available for lease.
      8418 Lee Hwy, Fairfax, VA 22031
      View Details
    • $16 SF/Yr

      Industrial Space Available for Lease

      Industrial property with 43,476 square feet available for lease.
      2800 Dorr Ave, Fairfax, VA 22031
      View Details
    • $17 SF/Yr

      Industrial Property Available For Lease

      Industrial property with 24,155 square feet available for lease.
      2832 Dorr Ave, Fairfax, VA 22031
      View Details
    • $17 SF/Yr

      Industrial Space Available For Lease

      Industrial property available for lease, offering 28,225 square feet.
      2824-2828 Dorr Ave, Fairfax, VA 22031
      View Details
    • $18 SF/Yr

      Fairfax Warehouse Space Available

      36,060 square foot warehouse space for lease in Fairfax.
      2711 Dorr Ave, Fairfax, VA 22031
      View Details
    • Contact for pricing
      4,300 SF

      Flex/Industrial Space in Fairfax

      Flex/Industrial space available for rent in Fairfax, Virginia.
      8442-8446 Lee Hwy, Fairfax, VA 22031
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8431 Hilltop Rd
    Fairfax, VA 22031-4301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!