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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Office Spaces
1400 Shepard Dr Sterling, VA 20164-7113
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3432319
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,110 SF
Lot
1.44 ac (62,726 SF)
Zoning code
PDIP
APN
033-37-0147-000
UPID
US87-3432319
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
$1.17M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.62M
Owner & transaction history
1400 1402 Shepard Drive LLC · 12 yrs held
1400 1402 Shepard Drive LLC
since 2013
7 recorded transactions
Zoning & alternative use
PDIP · Sterling, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+62.9%
Warehouse, storage
$1.9M
+26.6%
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 Sterling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sterling 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,165,000
7%
$1,085,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,485,000
Current use
RETAIL STORES
$2,415,000
Change: +63% · Conversion: Easy
WAREHOUSE, STORAGE
$1,880,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$264 / 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
$17,015
Tax year 2024
Assessed value
$1,693,070
Assessed 2024
Previous assessed
$1,681,410
+0.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$690,000
Assessed improvement
$1,003,070
Land market value
$690,000
Improvement market value
$1,003,070
Total market value
$1,693,070
Applied tax rate
8.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
6,110 SF
Lot
1.44 ac (62,726 SF)
Zoning code
PDIP
APN
033-37-0147-000
UPID
US87-3432319
Jurisdiction
LOUDOUN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDIP · Sterling, VA
Zoning PDIP · permitted uses
PDIP · Sterling, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sterling. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
RETAIL STORES
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
1400 1402 Shepard Drive LLC
Entity
Mailing address
14416 LOYALTY RD, LEESBURG, VA 20176-6138
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
—
1400 1402 Shepard Drive LLC
—
Deed
related
$1,850,000 · Commerce Southern Corp
Jun 21, 2017
—
1400 1042 Shepard Drive LLC
—
Deed
related
$1,175,000 · Eagle Bk
Dec 10, 2013
$1,650,000
1400 1402 Shepard Drive LLC
Shepard Drive LLC
Warranty Deed
related
$1,237,500 · Old Line Bank
Sep 17, 2004
$2,300,000
Shepard Drive LLC
Gould,jeffrey R & Herta A
Grant Deed
$1,200,000 · Bank Of America
Sep 17, 2004
$10
Jeffrey R Gould
J R Gould Ents INC
Grant Deed
related
—
Oct 24, 2001
$1,875,000
J R Gould Enterprises In
W G L Associates LLC
Grant Deed
$1,875,000 · Potomac Bank Of Va
Jul 12, 2000
$115,000
Realt Y Woods
Davis,jasper
Grant Deed
$114,000 · Private
—
—
1400 1042 Shepard Drive LLC
—
Deed Of Trust
related
$1,175,000 · Eagle Bk
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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