New search
Property profile & analytics
FOR LEASE
Office buildings
10740 Parkridge Blvd, Reston, VA 20191
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0598405
For Lease
1 / 2
$40 SF/Yr
10740 Parkridge Blvd, Reston, VA 20191
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
219,920 SF
Lot
5.68 ac (247,618 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
018-3-01-0007-B1
UPID
US87-0598405
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$68.32M
Comparable Approach
Comparable
$54.85M
Blend (final)
Blend
$68.88M
Owner & transaction history
Tfg One Dulles Corridor Property Ll · 4 yrs held
Tfg One Dulles Corridor Property Ll
since 2021
Last sale
$68.8M
6 recorded transactions
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Reston, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$99.9M
+78.3%
Neighborhood: shopping center
$81.1M
+44.7%
Industrial (general)
$74.8M
+33.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Reston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$69,675,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$74,010,000
6.5%
$68,315,000
7%
$63,435,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$56,030,000
Current use
COMMERCIAL (GENERAL)
$99,890,000
Change: +78% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$81,080,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$74,805,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$73,420,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$64,535,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$68.88M
Range $61.99M – $75.76M · ±10% · vs last sale $68.75M (Jul 23 2021)
Last sale anchor
$68.75M
Jul 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$313 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$749,179
Tax year 2024
Assessed value
$51,972,150
Assessed 2024
Previous assessed
$54,751,260
-5.1% YoY
Effective rate
1.44%
On assessed value
Assessed land
$4,637,870
Assessed improvement
$47,334,280
Land market value
$4,637,870
Improvement market value
$47,334,280
Total market value
$51,972,150
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Heating
NONE
Stories
7
Total area
219,920 SF
Lot
5.68 ac (247,618 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
018-3-01-0007-B1
UPID
US87-0598405
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Reston, VA
Zoning I-3(INDUST LIGHT INTENSIT · permitted uses
I-3(INDUST LIGHT INTENSIT · Reston, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$56.0M
COMMERCIAL (GENERAL)
Est. value
$99.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$81.1M
INDUSTRIAL (GENERAL)
Est. value
$74.8M
AUTO REPAIR, GARAGE
Est. value
$73.4M
WAREHOUSE, STORAGE
Est. value
$64.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
7
Lot
5.68 ac
Current owner
From public records · entity-resolved
Tfg One Dulles Corridor Property Ll
Entity
Free & Clear · 4 yrs held
Mailing address
60 STATE ST, BOSTON, MA 02109-1800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2021
$68,750,000
Tfg One Dulles Corridor Property Ll
Rv Vi Dulles Corridor LLC
Special Warranty Deed
—
Aug 11, 2016
$67,600,000
Rv Vi Dulles Corridor LLC
Odc8 Owner LLC
Grant Deed
$38,000,000 · Miscellaneous Ins Co
Oct 24, 2014
—
Odc8 Owner LLC
—
Loan Modification
related
$51,800,000 · Bank Of America
Dec 18, 2012
—
Odc8 Owner LLC
—
Deed Of Trust
related
$40,000,000 · Bank Of America California NA
May 24, 2012
$39,500,000
Odc8 Owner LLC
Parkridge 6 LLC
Grant Deed
—
Aug 29, 2007
—
Parkridge 6 LLC
Walker Flp
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
