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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Individual retail properties
1651 Reston Pkwy Reston, VA 20194-1625
Entity Owned
22-yr Hold
Free & Clear
Property ID
US87-0185251
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Year built
1977
Construction
CONCRETE BLOCKS
Total area
109,379 SF
Lot
7.38 ac (321,674 SF)
Zoning code
PRC(COMMERCIAL/INDUSTRIAL
APN
017-1-07-0001-B
UPID
US87-0185251
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
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$1.98M
Owner & transaction history
Hd Development Of Maryland INC · 22 yrs held
Hd Development Of Maryland INC
since 2004
1 recorded transaction
Zoning & alternative use
PRC(COMMERCIAL/INDUSTRIAL · Reston, 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 Reston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reston 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
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±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
$18 / 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
$201,526
Tax year 2024
Assessed value
$15,146,670
Assessed 2024
Previous assessed
$15,443,610
-1.9% YoY
Effective rate
1.33%
On assessed value
Assessed land
$9,006,870
Assessed improvement
$6,139,800
Land market value
$9,006,870
Improvement market value
$6,139,800
Total market value
$15,146,670
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Individual retail properties
Use group
APPLIANCE STORE
Status
Off-Market
Year built
1977
Construction
CONCRETE BLOCKS
Heating
ELECTRIC
Stories
1
Total area
109,379 SF
Lot
7.38 ac (321,674 SF)
Zoning code
PRC(COMMERCIAL/INDUSTRIAL
APN
017-1-07-0001-B
UPID
US87-0185251
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PRC(COMMERCIAL/INDUSTRIAL · Reston, VAZoning PRC(COMMERCIAL/INDUSTRIAL · permitted uses
PRC(COMMERCIAL/INDUSTRIAL · Reston, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
CONCRETE BLOCKS
Heating
ELECTRIC
Stories
1
Lot
7.38 ac
Current owner
From public records · entity-resolved
Hd Development Of Maryland INC
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2004
—
Hd Development Of Maryland INC
Home Depot USA INC
Grant 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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