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Property profile & analytics
OFF-MARKET Estimated value $2,785,000
Hotels

9865 Fairfax Blvd Fairfax, VA 22030-1738

18,048 SF 1.15 ac lot Built 1953
Entity Owned Free & Clear
Property ID
US87-1099157
Property summary
AI-generated overview

This exceptional 1.75-acre retail property, located at 9865 Fairfax Boulevard in Fairfax, Virginia, presents a unique investment opportunity. The site boasts a prime location at the intersection of Highway 50 and 29, ensuring high visibility and accessibility. The existing building comprises 18,000 square feet of retail space. However, the true potential lies in the approved plans for a substantial 104,000 square foot assisted living/memory care facility with 111 rooms. This presents a lucrative opportunity for immediate income generation or redevelopment. The property's strategic location offers unparalleled convenience, with proximity to numerous restaurants and shops, George Mason University, and the Vienna Metro. Easy access to major transportation arteries, including I-66, I-495, and Fair Oaks Mall, further enhances its appeal. The three parcels comprising this property provide ample space for future expansion or alternative development projects, such as the potential construction of hundreds of apartments or additional senior housing. This is a rare chance to acquire a significant commercial property in a thriving Fairfax location with substantial development potential. The asking price is $8,500,000.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1953
Total area 18,048 SF
Lot 1.15 ac (50,007 SF)
Zoning code COMMERCIAL RETAIL
APN 48-3-12-00-003
UPID US87-1099157
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
  • Lee High Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.03M
CAP Approach CAP
$2.55M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.79M
Owner & transaction history
LEE HIGH INN, LLC
LEE HIGH INN, LLC
Zoning & alternative use
COMMERCIAL RETAIL · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $3.1M +111.7%
Industrial (general) $2.5M +74.4%
Commercial (general) $2.3M +60.6%
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