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    14425 Penrose Pl Chantilly, VA 20151-1766
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    Property profile & analytics

    14425 Penrose Pl, Chantilly, VA 20151-1766

    View on Map
    • Office buildings
    • 146,329 SF
    • 9.55 lot acres
    Off-Market
    Property ID
    US87-1132339
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $34,305,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 14425 Penrose Pl

    Lot size
    9.55 lot acres
    Zone code
    I-5(INDUSTRIAL GENERAL)
    Property type
    Office buildings
    APN
    034-3-01-0032
    APU
    343010032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 4, 2020 — Southgate Owner III LLC — Deed · related $16.3M · Miscellaneous Ins Co
    Jan 20, 2011 — Southgate Owner III LLC Southgate Center III LLC Quit Claim Deed · related $32M · Wells Fargo Bank
    Feb 4, 2009 — Southgate Center III LLC — Deed Of Trust · related $15M · Cardinal Bank
    — — Southgate Owner III LLC — Deed Of Trust · related $16.3M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $49,245,000
      6.5%
      $45,455,000
      7%
      $42,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $36,794,000
      Market price range: $26.4M - $46.3M
      AI Estimate
      $20,671,000
      Market price range: $6.04M - $29.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $32,655,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $53,950,000
      Change: +65% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $49,770,000
      Change: +52% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $48,855,000
      Change: +50% Conversion: Difficult
      WAREHOUSE, STORAGE
      $32,250,000
      Change: -1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chantilly
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.4473
    Latitude
    38.893
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $461,760
    $2,556,530
    $29,881,800
    $32,438,330
    -
    $2,556,530
    $29,881,800
    $32,438,330

    Comparable in this City

    • Value Estimation
      $2,810,000
      19,256 SF

      4201 Lafayette Ctr Dr

      OFFICE BUILDING
      4201 Lafayette Ctr Dr, Chantilly, VA 20151-1209
      View Details
    • Value Estimation
      $11,640,000
      74,132 SF

      14550 Avion Pkwy

      OFFICE BUILDING
      14550 Avion Pkwy, Chantilly, VA 20151-1101
      View Details
    • Value Estimation
      $10,525,000
      478,303 SF

      15000 Conference Ctr Dr

      OFFICE BUILDING
      15000 Conference Ctr Dr, Chantilly, VA 20151-3819
      View Details
    • Value Estimation
      $7,640,000
      51,887 SF

      14120 Parke Long Ct

      OFFICE BUILDING
      14120 Parke Long Ct, Chantilly, VA 20151-1646
      View Details
    • Value Estimation
      $39,250,000
      127,400 SF

      15040 Conference Ctr Dr

      OFFICE BUILDING
      15040 Conference Ctr Dr, Chantilly, VA 20151-3855
      View Details
    • Value Estimation
      $38,465,000
      250,000 SF

      4801 Stonecroft Blvd

      OFFICE BUILDING
      4801 Stonecroft Blvd, Chantilly, VA 20151-3861
      View Details

    Similar Nearby for Sale

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      1,920 SF

      Chantilly Office Condo - Great Investment

      1920 sq ft Office Condo, Sale-Leaseback Opportunity
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      View Details
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    • $1,400,880
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      Chantilly Executive Office Condo

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      6,400 SF

      Finished Flex Space in Chantilly

      Finished flex space in Lafayette Business Center, Fairfax County.
      4229 Lafayette Center Dr, Chantilly, VA 20151
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    Similar Nearby for Lease

    • Contact for pricing
      28,712 SF

      Class A Office Building Available

      High-end office building with easy access to major routes.
      4803 Stonecroft Blvd, Chantilly, VA 20151
      View Details
    • Contact for pricing
      74,726 SF

      Chantilly Office Space Available

      74,726 sqft office space for rent in Chantilly.
      15036 Conference Center Dr, Chantilly, VA 20151
      View Details
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      36,535 SF

      Office Space in Chantilly, Virginia

      Office space available for lease in Chantilly, Virginia.
      14685 Avion Pkwy, Chantilly, VA 20151
      View Details
    • Contact for pricing
      15,758 SF

      Westfields Office Space For Rent

      Office space in a strategic Washington, D.C. hub.
      4800-4840 Westfields Blvd, Chantilly, VA 20151
      View Details
    • Contact for pricing
      81,231 SF

      Class A Office Building with Column-Free

      Move-in ready office suites feature high-end build-out and modern common area upgrades in an easily accessible Chantilly location.
      4803 Stonecroft Blvd, Chantilly, VA 20151
      View Details
    • Contact for pricing
      44,389 SF

      Chantilly Office Space Available

      Office space for lease in Chantilly, Virginia.
      14685 Avion Pkwy, Fairfax, VA 20151
      View Details
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    Chantilly, VA 20151-1766
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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