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Property profile & analytics
OFF-MARKET
Estimated value
$39,250,000
Office buildings
15040 Conference Ctr Dr Chantilly, VA 20151-3855
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2008826
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
127,400 SF
Lot
7.46 ac (324,826 SF)
Zoning code
I-4(INDUST MEDIUM INTENSI
APN
043-2-02-0029-A1
UPID
US87-2008826
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
$39.58M
Comparable Approach
Comparable
$39.03M
Blend (final)
Blend
$39.25M
Owner & transaction history
Chantilly Va II Dgh LLC · 3 yrs held
Chantilly Va II Dgh LLC
since 2022
Last sale
$39.2M
7 recorded transactions
Zoning & alternative use
I-4(INDUST MEDIUM INTENSI · Chantilly, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$57.9M
+103.5%
Neighborhood: shopping center
$47.0M
+65.2%
Industrial (general)
$43.3M
+52.4%
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
$41,185,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$42,875,000
6.5%
$39,575,000
7%
$36,750,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$28,430,000
Current use
COMMERCIAL (GENERAL)
$57,870,000
Change: +104% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$46,970,000
Change: +65% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$43,335,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$42,535,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$28,080,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$39.25M
Range $35.33M – $43.18M · ±10% · vs last sale $39.20M (Sep 9 2022)
Last sale anchor
$39.20M
Sep 9 2022
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
$308 / 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
$489,810
Tax year 2024
Assessed value
$34,408,820
Assessed 2024
Previous assessed
$37,021,950
-7.1% YoY
Effective rate
1.42%
On assessed value
Assessed land
$2,108,000
Assessed improvement
$32,300,820
Land market value
$2,108,000
Improvement market value
$32,300,820
Total market value
$34,408,820
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
Heating
NONE
Stories
4
Total area
127,400 SF
Lot
7.46 ac (324,826 SF)
Zoning code
I-4(INDUST MEDIUM INTENSI
APN
043-2-02-0029-A1
UPID
US87-2008826
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
OFFICE BUILDING Current
Est. value
$28.4M
COMMERCIAL (GENERAL)
Est. value
$57.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$47.0M
INDUSTRIAL (GENERAL)
Est. value
$43.3M
AUTO REPAIR, GARAGE
Est. value
$42.5M
WAREHOUSE, STORAGE
Est. value
$28.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
Heating
NONE
Stories
4
Lot
7.46 ac
Current owner
From public records · entity-resolved
Chantilly Va II Dgh LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1 N WACKER DR STE #4025, CHICAGO, IL 60606-2844
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 9, 2022
$39,200,000
Chantilly Va II Dgh LLC
Tfg Independence Center II Property
Special Warranty Deed
—
Oct 3, 2019
—
Tfg Independence Ctr Ll Prop L
—
Deed
related
$3,315,000 · Tiaa Fsb
Mar 2, 2017
—
Tfg Independence Center II Pro
—
Deed
related
$780,000 · Everbank
Apr 2, 2015
$27,500,000
Tfg Independence Center II Pro
15040 Conference Center Drive
Grant Deed
$19,500,000 · Everbank
Sep 4, 2009
—
14200 Park Meadow Drive LLC
—
Deed Of Trust
related
$15,328,804 · Wells Fargo Bank
Oct 14, 2005
—
15040 Conference Center Drive
Owner Name Unavailable
Grant Deed
related
—
—
—
Tfg Independence Ctr Ll Prop L
—
Loan Modification
related
$3,315,000 · Tiaa Fsb
—
—
Tfg Independence Center II Pro
—
Loan Modification
related
$780,000 · Everbank
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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