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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Warehouses
8522 Rte 29 Fairfax, VA 22031-1500
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0954689
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Construction
STEEL FRAME
Total area
18,480 SF
Lot
1.48 ac (64,617 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
049-3-01-0065
UPID
US87-0954689
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
$2.03M
Blend (final)
Blend
$2.17M
Owner & transaction history
Milestone Prop In Fairfax LLC · 7 yrs held
Milestone Prop In Fairfax LLC
since 2019
5 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±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
$117 / 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
$42,348
Tax year 2024
Assessed value
$3,299,430
Assessed 2024
Previous assessed
$3,392,960
-2.8% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,836,270
Assessed improvement
$1,463,160
Land market value
$1,836,270
Improvement market value
$1,463,160
Total market value
$3,299,430
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
1
Bathrooms
1
Total area
18,480 SF
Lot
1.48 ac (64,617 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
049-3-01-0065
UPID
US87-0954689
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Fairfax, VA
Zoning I-5(INDUSTRIAL GENERAL) · permitted uses
I-5(INDUSTRIAL GENERAL) · 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.
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Milestone Prop In Fairfax LLC
Entity
Mailing address
12587 FAIR LKS CIR #344, FAIRFAX, VA 22033-3822
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
—
Milestone Properties In Fairax LLC
—
Deed
related
$580,000 · Milestone Metals INC
Feb 1, 2019
$7,650,000
Milestone Prop In Fairfax LLC
8522 Lee Highway At Merrifield
Trustees Deed
$10,052,000 · Apple FCU
Nov 23, 2005
$10
8522 Lee Highway Of Merrifield LLC
Interstate Brands Corp
Grant Deed
related
$3,200,000 · United Bank
—
—
8522 Lee Highway Of Merrifield Ll
—
Deed Of Trust
related
$2,400,000 · Td Bk NA
—
—
Armstrong Green & Embrey INC
—
Deed Of Trust
related
$1,983,750 · 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.
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