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    9142 Richmond Hwy Fort Belvoir, VA 22060-1315
    Property profile & analytics

    9142 Richmond Hwy Fort Belvoir, VA 22060-1315

    View on Map
    • Apartment buildings
    • 265,905 SF
    • 5.81 lot acres
    Off-Market
    Property ID
    US87-2286290
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Belvoir Square / Apartment Complex
    • GYM GYAL UNIVERSITY LLC / Gym & Fitness Center
    • Jimmy John's / Take-out & Catering / Catering Service
    • Julep Nails & Spa / Nail Salon
    • Chase ATM / Atm

    Property Details for 9142 Richmond Hwy

    Lot size
    5.81 lot acres
    Property size
    265,905 SF
    Zone code
    R-20(RESIDENTIAL 20 DU/AC
    Property type
    Apartment buildings
    APN
    109-1-01-0016-A
    APU
    1091010016A

    Description

    This exceptional retail opportunity at 9142 Richmond Hwy, Fort Belvoir, VA 22060, offers multiple storefront spaces ideal for a variety of businesses. Three spaces are currently available, ranging from a minimum of 2,055 square feet to a maximum contiguous space of 10,555 square feet. The property is conveniently located in Fort Belvoir, Virginia, providing excellent visibility and accessibility. The building offers ample parking with 32 spaces available for customers and employees. The flexible space allows for customization to suit individual tenant needs, making it perfect for businesses seeking a prominent location in a thriving community. This is a multi-tenant property, providing a vibrant and collaborative atmosphere. The address is easily accessible from Richmond Highway, ensuring high traffic volume and excellent exposure. The property is well-suited for a range of retail businesses seeking a strategic location in a high-traffic area with ample parking. This is a rare opportunity to secure prime retail space in a desirable location. Contact us today to learn more about leasing options and availability. The property is located at 38.7097083 latitude and -77.1601999 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Belvoir
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1604
    Latitude
    38.7098
    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
    $935,992
    $10,716,000
    $70,077,420
    $80,793,420
    -
    $10,716,000
    $70,077,420
    $80,793,420

    Comparable in this City

    • Value Estimation
      $3,775,000
      1,582 SF

      Richmond Hwy

      APARTMENT HOUSE (5+ UNITS) • 1,582 SF
      Richmond Hwy, Fort Belvoir, VA 22060
      View Details
    • Value Estimation
      $8,180,000
      685 SF

      Richmond Hwy

      APARTMENT HOUSE (5+ UNITS) • 685 SF
      Richmond Hwy, Fort Belvoir, VA 22060
      View Details
    • Value Estimation
      $16,340,000
      6,972 SF

      Richmond Hwy

      APARTMENT HOUSE (5+ UNITS) • 6,972 SF
      Richmond Hwy, Fort Belvoir, VA 22060
      View Details
    • Value Estimation
      $14,315,000
      72,477 SF

      9190 Richmond Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 72,477 SF
      9190 Richmond Hwy, Fort Belvoir, VA 22060-1319
      View Details
    • Value Estimation
      $46,555,000
      19,908 SF

      9140 Richmond Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 19,908 SF
      9140 Richmond Hwy, Fort Belvoir, VA 22060-1326
      View Details
    • Value Estimation by Request

      9142 Richmond Hwy

      MINI-MALL
      9142 Richmond Hwy, Fort Belvoir, VA 22060-1315
      View Details
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    Fort Belvoir, VA 22060-1315
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    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.

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