New search
Property profile & analytics
OFF-MARKET
Estimated value
$31,025,000
Apartment buildings
13718 Atlantis St, Herndon, VA 20171
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2275236
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
387,620 SF
Lot
6.01 ac (261,868 SF)
Zoning code
PLANNED RES MIXED USE
APN
024-4-01-0006-H
UPID
US87-2275236
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.03M
Owner & transaction history
Discovery Square-joncon LLC · 7 yrs held
Discovery Square-joncon LLC
since 2019
7 recorded transactions
Zoning & alternative use
PLANNED RES MIXED USE · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$80 / 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
$1,150,594
Tax year 2024
Assessed value
$99,317,540
Assessed 2024
Previous assessed
$91,497,020
+8.5% YoY
Effective rate
1.16%
On assessed value
Assessed land
$14,364,000
Assessed improvement
$84,953,540
Land market value
$14,364,000
Improvement market value
$84,953,540
Total market value
$99,317,540
Applied tax rate
90,200.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Stories
5
Total area
387,620 SF
Lot
6.01 ac (261,868 SF)
Zoning code
PLANNED RES MIXED USE
APN
024-4-01-0006-H
UPID
US87-2275236
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PLANNED RES MIXED USE · Herndon, VA
Zoning PLANNED RES MIXED USE · permitted uses
PLANNED RES MIXED USE · 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
Heating
NONE
Stories
5
Lot
6.01 ac
Current owner
From public records · entity-resolved
Discovery Square-joncon LLC
Entity
Free & Clear · 7 yrs held
Mailing address
57 RANDOLPH RD #200, SILVER SPRING, MD 20904-1239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2019
$95,750,000
Discovery Square-joncon LLC
Discovery Square Ventures LLC
Grant Deed
related
—
Apr 10, 2019
—
Discovery Square-joncon LLC
—
Deed
related
$55,000,000 · Miscellaneous Ins Co
May 23, 2018
—
Discovery Square Ventures LLC
—
Loan Modification
related
$62,000,000 · Santander Bk NA
Dec 4, 2013
$2,040,000
Nvr INC
Timber Ridge Of Discovery Sq INC
Grant Deed
—
Dec 21, 2012
$38,388,994
Timber Ridge Of Discovery Sq INC
Timber Ridge At Eds LLC
Grant Deed
related
—
Apr 4, 2011
$22,000,000
Timber Ridge At Eds LLC
Casterline,william H JR
Trustees Deed
—
—
—
Discovery Square-joncon LLC
—
Loan Modification
related
$55,000,000 · Miscellaneous Ins Co
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?”
You own 13718 Atlantis St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
