Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9283 Old Keene Ml Rd23a Burke, VA 22015-4202

    • Office Properties & Spaces
    OFF-MARKET
    Last Sale
    Jun 28, 2024
    $650,000
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1202557
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 9283 Old Keene Ml Rd23a

    Year built
    1985
    Construction
    CONCRETE BLOCKS
    Zone code
    C-1(LOWRISE OFFICE TRANS)
    Property type
    Office Properties & Spaces
    APN
    088-2-24-0023-A
    APU
    0882240023A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Burke
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2663
    Latitude
    38.7755
    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
    $2,937
    $45,760
    $183,040
    $228,800
    -
    $45,760
    $183,040
    $228,800

    Comparable in this City

    • Value Estimation by Request

      9243rd Old Keene Ml Rd3b

      CONDOMINIUM OFFICES
      9243rd Old Keene Ml Rd3b, Burke, VA 22015-4202
      View Details
    • Value Estimation by Request

      9306 Old Keene Ml Rd Ste A

      CONDOMINIUM OFFICES
      9306 Old Keene Ml Rd Ste A, Burke, VA 22015-4280
      View Details
    • Value Estimation by Request

      9245 Old Keene Ml Rdb

      CONDOMINIUM OFFICES
      9245 Old Keene Ml Rdb, Burke, VA 22015-4202
      View Details
    • Value Estimation
      $375,000
      1,431 SF

      5210th Lyngate Ct, Unit 33

      CONDOMINIUM OFFICES • 1,431 SF
      5210th Lyngate Ct, Burke, VA 22015-4697
      View Details
    • Value Estimation
      $300,000
      1,303 SF

      5201st Lyngate Ct, Unit 8

      CONDOMINIUM OFFICES • 1,303 SF
      5201st Lyngate Ct, Burke, VA 22015-1679
      View Details
    • Value Estimation
      $605,000
      1,728 SF

      9285 Old Keene Ml Rd, Unit 24

      CONDOMINIUM OFFICES • 1,728 SF
      9285 Old Keene Ml Rd, Burke, VA 22015-4202
      View Details

    Similar Nearby for Sale

    • $1,500,000
      5,300 SF

      Burke Office Condo - $1.5M

      Freestanding Office Building, Excellent Condition
      9299 Old Keene Mill Rd, Burke, VA 22015
      View Details
    • Contact for pricing
      1.33 Acres

      Burke Centre Office Suites

      Private Offices, Starting at $550/Month
      5641 Burke Centre Pkwy, Burke, VA 22015
      View Details
    • $624,900
      1,408 SF

      All-Brick Townhouse Near Lake Braddock

      Three-level townhouse with finished basement, close to schools and amenities.
      5432 Brixham Ct, Burke, VA 22015
      View Details
    • $640,000

      KITE St, Burke, VA Property

      Specialty property for sale in Burke, Virginia.
      9323 Kite St, Burke, VA 22015
      View Details
    • $435,000

      Specialty Property for Sale

      Specialty property available for purchase.
      5674 Oak Tanager Ct, Burke, VA 22015
      View Details
    • $550,000
      0.44 Acres

      Residential Land in Burke, VA

      Level lot near amenities, commuter routes, and outdoor activities.
      9338 Lee St, Burke, VA 22015
      View Details

    Similar Nearby for Lease

    • $1,995 /Mo
      722 SF

      Office Space for Rent

      Office space featuring 24-hour access, air conditioning, and natural light.
      9300-9306 Old Keene Mill Rd, Burke, VA 22015
      View Details
    • Contact for pricing
      132,755 SF

      Burke Town Plaza: Prime Office Space

      Executive & Medical Offices, Fairfax County
      0 Old Keen Ml Rd. & Lee Chapel Rd, Burke, VA 22015
      View Details
    • $600 /Mo
      57,935 SF

      Professional Offices in Burke, VA

      Private offices and suites available for lease starting at $550/month.
      5641 Burke Centre Pkwy, Burke, VA 22015
      View Details
    • Contact for pricing
      2,016 SF

      Freestanding Retail Building with Drive-Thru

      2,016 SF retail building with drive-thru lane for lease.
      5234 Rolling Rd, Burke, VA 22015
      View Details
    • $2,550 /Mo
      1,300 SF

      Burke Townhome with Fenced Patio

      Two-level townhome in Burke with updated kitchen and large patio.
      10657 Spring Oak Ct, Burke, VA 22015
      View Details
    • Contact for pricing
      1,860 SF

      Neighborhood Shopping Center Retail Space

      Retail space available in Burke Town Plaza shopping center.
      9526-9598 Old Keene Mill Rd, Burke, VA 22015
      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.
    9283 Old Keene Ml Rd23a
    Burke, VA 22015-4202
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.