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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Turn key restaurants
1141 Elden St Herndon, VA 20170-5549
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US87-0737216
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
FRAME
Total area
67,853 SF
Lot
4.03 ac (175,543 SF)
Zoning code
CS(COMM SERVICES DISTRICT
APN
016-1-02-0019-C
UPID
US87-0737216
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
-
Gwen Davis Physician
-
Hair Styles Hair Salon
-
The Artory Theater & Performing Art Venue
-
Katherine Meares Kruse Pediatrician Medical Clinic
-
Bostan Uyghur Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$2.57M
Owner & transaction history
Laconia LLC · 19 yrs held
Laconia LLC
since 2006
7 recorded transactions
Zoning & alternative use
CS(COMM SERVICES DISTRICT · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Herndon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Herndon 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
by Request
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±10%
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
$38 / 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
$202,017
Tax year 2024
Assessed value
$13,088,270
Assessed 2024
Previous assessed
$13,297,050
-1.6% YoY
Effective rate
1.54%
On assessed value
Assessed land
$5,076,750
Assessed improvement
$8,011,520
Land market value
$5,076,750
Improvement market value
$8,011,520
Total market value
$13,088,270
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
OTHER
Cooling
YES
Stories
2
Total area
67,853 SF
Lot
4.03 ac (175,543 SF)
Zoning code
CS(COMM SERVICES DISTRICT
APN
016-1-02-0019-C
UPID
US87-0737216
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CS(COMM SERVICES DISTRICT · Herndon, VA
Zoning CS(COMM SERVICES DISTRICT · permitted uses
CS(COMM SERVICES DISTRICT · Herndon, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Herndon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
2
Lot
4.03 ac
Current owner
From public records · entity-resolved
Laconia LLC
Entity
Mailing address
1141 ELDEN ST STE #224, HERNDON, VA 20170-5572
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
—
Laconia LLC
—
Deed
related
$11,808,000 · Sarantis Properties INC
Apr 15, 2011
—
Laconia LLC
—
Deed Of Trust
related
$10,660,000 · Td Bank NA
Jan 28, 2010
—
Laconia LLC
—
Deed Of Trust
related
$10,660,000 · Td Bank NA
Jan 30, 2009
—
Laconia LLC
—
Grant Deed
related
$10,660,000 · Td Bank NA
Oct 12, 2006
—
Laconia LLC
Laconia Ptns
Quit Claim Deed
related
$11,420,000 · Commerce Bank NA
—
—
Laconia LLC
—
Deed Of Trust
related
$11,808,000 · Washingtonfirst Bk
—
—
Laconnia Ptshp
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co Va
—
—
Laconia Ptshp
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co Va
—
—
Laconia Ptshp
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co Va
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.
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