Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9335 Rte 29 Fairfax, VA 22031-1823
    Back to Search
    Property profile & analytics

    9335 Rte 29, Fairfax, VA 22031-1823

    View on Map
    • Investment properties
    • 775,934 SF
    Off-Market
    Property ID
    US87-0839794
    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
    $33,360,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 9335 Rte 29

    Year built
    1973
    Zone code
    PDH-12(RESIDENTIAL 12 DU)
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    048-4-01-0003
    APU
    484010003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2022 — L L Circle Towers Residential Assc — Deed · related $25k · New York Community Bank
    Dec 20, 2018 $150,700,000 Circle Towers Residential Associate Circle Towers LLC Special Warranty Deed —
    Apr 2, 2008 $138,378,470 Circle Towers LLC Ag Fcp Circle Towers Comm Special Warranty Deed —
    Jun 1, 2006 $97,800 Ag-fcp Circle Towers Resid LLC Tgm Circle Towers INC Grant Deed $71M · Reilly Mortgage Group INC

    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
    Fairfax
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2703
    Latitude
    38.8674
    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
    $1,178,249
    $0.00
    $101,704,730
    $101,704,730
    -
    $0.00
    $101,704,730
    $101,704,730

    Comparable in this City

    • Value Estimation
      $665,000
      13.96 Acres

      Fairfax, VA 22031

      OFFICE/RESIDENTIAL (MIXED USE)
      Fairfax, VA 22031
      View Details
    • Value Estimation by Request
      327,430 SF

      2700 Dorr Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2700 Dorr Ave, Fairfax, VA 22031-4936
      View Details
    • Value Estimation by Request
      0.48 Acres

      8501

      Investment properties
      8501, Fairfax, VA 22031
      View Details
    • Value Estimation by Request
      4,800 SF

      8213 Lee Hwy

      Individual retail properties
      8213 Lee Hwy, Fairfax, VA 22031
      View Details
    • Value Estimation by Request
      14,000 SF

      9500 Saintsbury Dr

      Multifamily properties
      9500 Saintsbury Dr, Fairfax, VA 22031
      View Details
    • Value Estimation
      $1,260,000
      3.09 Acres

      9513 Blake Ln

      GARDEN APT, COURT APT (5+ UNITS)
      9513 Blake Ln, Fairfax, VA 22031-1713
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,289 SF

      Move-In Ready Medical Office Suites

      Newly renovated medical suites with patient-friendly access, surface parking, and nearby transit and major thoroughfares.
      2826 Old Lee Hwy, Fairfax, VA 22031
      View Details
    • Contact for pricing
      19,329 SF

      Merrifield Office Building For Sale

      Office building with high traffic and strong local demographics.
      3022 Javier Rd, Merrifield, VA 22031
      View Details
    • $40,000
      700 SF

      Profitable Salon in Prime Location

      Turnkey salon with established clientele in Fairfax, Virginia.
      10010 Main St, Fairfax, VA 22031
      View Details
    • $795,000

      Main Street Office Units

      Office units with excellent access to major routes and amenities.
      9673 Main St, Fairfax, VA 22031
      View Details
    • Contact for pricing

      Multi-Tenant Medical Office Building

      27,838 SF medical office building in Fairfax, Virginia.
      3028 Javier Rd, Fairfax, VA 22031
      View Details
    • $40,000
      700 SF

      Wellness and Healthcare Property

      For sale wellness/healthcare facility on Main St, offering a small-footprint setting for focused service operators.
      10010 Main St, Fairfax, VA 22031
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lee Highway Office Spaces

      Office spaces for lease near Fairfax Circle and Vienna Metro.
      9401 Lee Hwy, Fairfax, VA 22031
      View Details
    • $1,975 /Mo

      Fairfax City Ground Level Office

      Office condo in Fairfax City near transit, restaurants, and parks.
      10195 Main St, 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
      2,620 SF

      Renovated Office Space Near Metro

      Newly renovated office space with extended hours and ample parking.
      8500 Executive Park Ave, Fairfax, VA 22031
      View Details
    • Contact for pricing

      Retail Space in Fairfax Circle

      Retail space in premier Fairfax commercial neighborhood near George Mason.
      3200 Old Pickett Rd, Fairfax, VA 22031
      View Details
    • Contact for pricing

      Retail Suite with Grandfathered Kennel Use

      Existing retail buildings with excellent Route 50 visibility and a rare, grandfathered kennel operation.
      9780-9786 Fairfax Blvd, 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.
    9335 Rte 29
    Fairfax, VA 22031-1823
    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

    Thank You for Inquiry
    9335 Rte 29, Fairfax, VA, 22031
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!