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Property profile & analytics
OFF-MARKET
Estimated value
$22,075,000
Warehouses
15002 Northridge Dr Chantilly, VA 20151-3865
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3161807
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
99,464 SF
Lot
8.43 ac (367,391 SF)
Zoning code
I-4(INDUST MEDIUM INTENSI
APN
043-2-02-0029-G2
UPID
US87-3161807
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
$28.22M
Blend (final)
Blend
$22.08M
Owner & transaction history
Af5 Northridge LLC · 4 yrs held
Af5 Northridge LLC
since 2021
Last sale
$23.0M
2 recorded transactions
Zoning & alternative use
I-4(INDUST MEDIUM INTENSI · Chantilly, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$36.7M
+67.3%
Industrial (general)
$33.8M
+54.3%
Auto repair, garage
$33.2M
+51.5%
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 Chantilly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chantilly 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
$22,190,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,925,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$36,670,000
Change: +67% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$33,830,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$33,205,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$22,195,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$22.08M
Range $19.87M – $24.28M · ±10% · vs last sale $23.00M (Nov 3 2021)
Last sale anchor
$23.00M
Nov 3 2021
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
$222 / 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
$297,480
Tax year 2024
Assessed value
$20,897,770
Assessed 2024
Previous assessed
$21,157,760
-1.2% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,692,610
Assessed improvement
$19,205,160
Land market value
$1,692,610
Improvement market value
$19,205,160
Total market value
$20,897,770
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Stories
1
Total area
99,464 SF
Lot
8.43 ac (367,391 SF)
Zoning code
I-4(INDUST MEDIUM INTENSI
APN
043-2-02-0029-G2
UPID
US87-3161807
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-4(INDUST MEDIUM INTENSI · Chantilly, VA
Zoning I-4(INDUST MEDIUM INTENSI · permitted uses
I-4(INDUST MEDIUM INTENSI · Chantilly, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chantilly. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$21.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$36.7M
INDUSTRIAL (GENERAL)
Est. value
$33.8M
AUTO REPAIR, GARAGE
Est. value
$33.2M
OFFICE BUILDING
Est. value
$22.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
Heating
NONE
Stories
1
Lot
8.43 ac
Current owner
From public records · entity-resolved
Af5 Northridge LLC
Entity
Mailing address
800 BRICKELL AVE STE #701, MIAMI, FL 33131-2967
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
$23,000,000
Af5 Northridge LLC
Northridge Office LLC
Special Warranty Deed
$15,600,000 · Bankunited NA
Mar 31, 2017
—
Northridge Office LLC
Northridge Office LLC
Quit Claim Deed
related
—
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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