11092 Main StFairfax, VA 22030

Property Details for 11092 Main St

Year built

1988

Property size (Sq ft)

859 SF

Zone code

COMMERCIAL RETAIL

Property type

Office properties

APN

57-1-33-00-001-D

APU

5713300001D

Description

This 875-square-foot Class B office condo in Fairfax, VA, presents a compelling net lease investment opportunity. Located at 11092 Main Street, Unit 103A, this single-unit property boasts a 100% occupancy rate with a five-year lease commencing January 1, 2025, and expiring December 31, 2029. The lease includes rent bumps, and lease options are available. Built in 1988 and renovated in 2024, the two-story building sits on a C-2 zoned lot (APN: 57-1-33-001-H) and offers ample parking. The property generates a Net Operating Income (NOI) of $19,200 annually, representing a strong return on investment. Its prime Main Street location ensures high visibility and accessibility within a thriving commercial area. This turnkey investment requires no initial capital expenditures, offering immediate cash flow and low management responsibilities due to the triple-net (NNN) lease structure. The property's modern design and professional layout make it suitable for a variety of business uses. This is an exceptional opportunity for investors seeking a stable, long-term income stream in a desirable Northern Virginia market.

• CAP approach

  CAP return

  Valuation

  6%

  $190,395

  6.5%

  $175,749

  7%

  $163,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $82,627

  Geo Method

  $82,627

• Alternative Use

  Use

  Valuation

  Residential

  $217,929

  Hospitality

  $199,622

  Educational

  $166,083

  Medical

  $171,795

  Retail

  $258,351

Location Insight

City

Fairfax

County

Fairfax City

State

Virginia

Latitude

38.8526

Longitude

-77.3285

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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