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Property profile & analytics
OFF-MARKET
Estimated value
$35,775,000
Office buildings
13900 Lincoln Park Dr Herndon, VA 20171-3254
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0850893
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
204,334 SF
Lot
11.01 ac (479,445 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
024-4-01-0006-B1
UPID
US87-0850893
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
-
Raytheon (Bike/Boat/Book/etc) Store Corporate Office
-
Securitas Critical Infrastructure Services, Inc. Hospital
-
Goldbelt Apex General Contractor
-
Lincoln Property Co Real Estate Agency
-
Goldbelt, Inc. Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$35.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.72M
Blend (final)
Blend
$35.78M
Owner & transaction history
Dbt Lincoln Park LLC · 1 yrs held
Dbt Lincoln Park LLC
since 2024
Last sale
$35.8M
7 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · 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
$35,775,000
ML approach
$35,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$55,320,000
Current use
Blend value · Realmo final
$35.78M
Range $32.20M – $39.35M · ±10% · vs last sale $35.78M (Sep 20 2024)
Last sale anchor
$35.78M
Sep 20 2024
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
$175 / 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
$562,915
Tax year 2024
Assessed value
$39,544,430
Assessed 2024
Previous assessed
$43,087,430
-8.2% YoY
Effective rate
1.42%
On assessed value
Assessed land
$3,826,140
Assessed improvement
$35,718,290
Land market value
$3,826,140
Improvement market value
$35,718,290
Total market value
$39,544,430
Applied tax rate
9.0000
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
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
5
Total area
204,334 SF
Lot
11.01 ac (479,445 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
024-4-01-0006-B1
UPID
US87-0850893
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Herndon, VA
Zoning I-5(INDUSTRIAL GENERAL) · permitted uses
I-5(INDUSTRIAL GENERAL) · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$55.3M
OFFICE BUILDING Current
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
Year built
1999
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
5
Lot
11.01 ac
Current owner
From public records · entity-resolved
Dbt Lincoln Park LLC
Entity
Mailing address
400 7TH ST SE STE #1913, WASHINGTON, DC 20003-2707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2024
$35,775,000
Dbt Lincoln Park LLC
13900 Lincoln Park 1 LLC
Special Warranty Deed
$30,775,000 · Eagle Bank
Jan 31, 2020
—
13900 Lincoln Park I LLC
Gslp Lincoln Park LLC
Quit Claim Deed
related
—
Jan 31, 2020
$47,100,000
13900 Lincoln Park 1 LLC
Gslp Lincoln Park LLC
Special Warranty Deed
$36,075,000 · Eagle Bank
Sep 20, 2017
$29,750,000
Gslp Lincoln Park LLC
Crp-2 Lincoln Park LLC
Grant Deed
—
Jun 9, 2016
—
Crp-2 Lincoln Park LLC
—
Deed
related
—
Sep 26, 2007
$62,875,000
Crp-2 Lincoln Park LLC
Columbia Va Lincoln Office LLC
Grant Deed
—
Aug 2, 2005
$52,750,000
Columbia Virginia Lincoln Office
Herndon Office LLC
Grant Deed
—
—
—
Crp-2 Lincoln Park LLC
—
Loan Modification
related
—
—
—
Crp-2 Lincoln Park LLC
—
Loan Modification
related
—
—
—
Crp-2 Lincoln Park LLC
—
Deed Of Trust
related
$58,583,110 · Miscellaneous Ins Co
—
—
Crp-2 Lincoln Park LLC
—
Loan Modification
related
$35,223,423 · Metropolitan Life Insurance
—
—
Crp-2 Lincoln Park LLC
—
Deed Of Trust
related
$36,000,000 · Jp Morgan Chase Bk
—
—
Columbia Virginia Lincoln Office
—
Deed Of Trust
related
$25,000,000 · Allstate Life Insurance 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.
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