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Property profile & analytics
OFF-MARKET
Estimated value
$19,910,000
Medical Office Space
8505 Arlington Blvd Fairfax, VA 22031-4621
Entity Owned
~
Est. High Equity
Property ID
US87-0682376
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Construction
STEEL FRAME
Total area
77,516 SF
Lot
3.04 ac (132,372 SF)
Zoning code
C-3(OFFICE)
APN
049-3-01-0101-C
UPID
US87-0682376
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
-
Sleep Med/Digi Trace Physician Medical Clinic
-
Ophthalmic Plastic & Orbital Medical Clinic
-
Mesbahi Kavoos N MD Physician Medical Clinic
-
Hann's Pharmacy Pharmacy
-
Evans Laura L Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.91M
Owner & transaction history
Fairfax 8505 Mp Rk7 LLC
Fairfax 8505 Mp Rk7 LLC
since 2025
Last sale
$19.0M
5 recorded transactions
Zoning & alternative use
C-3(OFFICE) · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$25.5M
+460.4%
Restaurant
$23.5M
+415.5%
Retail stores
$22.9M
+402.3%
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 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%
$23,540,000
6.5%
$21,730,000
7%
$20,180,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,500,000
Change: +460% · Conversion: Easy
RESTAURANT
$23,460,000
Change: +415% · Conversion: Difficult
RETAIL STORES
$22,860,000
Change: +402% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,310,000
Change: +324% · Conversion: Difficult
Blend value · Realmo final
$19.91M
Range $17.92M – $21.90M · ±10% · vs last sale $19.00M (Aug 5 2025)
Last sale anchor
$19.00M
Aug 5 2025
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
$257 / 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
$244,004
Tax year 2024
Assessed value
$19,010,830
Assessed 2024
Previous assessed
$22,290,930
-14.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,202,120
Assessed improvement
$16,808,710
Land market value
$2,202,120
Improvement market value
$16,808,710
Total market value
$19,010,830
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
77,516 SF
Lot
3.04 ac (132,372 SF)
Zoning code
C-3(OFFICE)
APN
049-3-01-0101-C
UPID
US87-0682376
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
Est. value
$25.5M
RESTAURANT
Est. value
$23.5M
RETAIL STORES
Est. value
$22.9M
AUTO REPAIR, GARAGE
Est. value
$19.3M
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
3.04 ac
Current owner
From public records · entity-resolved
Fairfax 8505 Mp Rk7 LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Farifax 8505 Mp Rk7 LLC
—
Deed
related
$141,770,370 · Capital One NA
Aug 5, 2025
$19,000,000
Fairfax 8505 Mp Rk7 LLC
Hsre Capmed Prosperity III LLC
Special Warranty Deed
—
Nov 14, 2023
—
Hsre Capmed Alexandria PC LLC
—
Deed
related
$125,900,000 · Thorofare Asset Based Lending Reit Fund
Jan 27, 2014
$33,621,559
Hsre-capmed Prosperity III LLC
Writ 8505 LLC
Trustees Deed
$13,146,430 · John Hancock Life Insurance Co
—
—
Hsre-capmed Prosperity III LLC
—
Loan Modification
related
$18,794,051 · John Hancock Life Insurance Co
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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