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Property profile & analytics
OFF-MARKET
Estimated value
$20,030,000
Warehouses
1808 Michael Faraday Ct Reston, VA 20190-5303
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0652270
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
STEEL FRAME
Total area
119,728 SF
Lot
2.29 ac (99,880 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
018-3-05-0006
UPID
US87-0652270
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
$20.77M
Comparable Approach
Comparable
$27.62M
Blend (final)
Blend
$20.03M
Owner & transaction history
Reston Self Storage LLC · 7 yrs held
Reston Self Storage LLC
since 2019
6 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$22,495,000
6.5%
$20,765,000
7%
$19,280,000
Blend value · Realmo final
$20.03M
Range $18.03M – $22.03M · ±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
$167 / 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
$288,938
Tax year 2024
Assessed value
$20,044,250
Assessed 2024
Previous assessed
$19,378,460
+3.4% YoY
Effective rate
1.44%
On assessed value
Assessed land
$4,190,480
Assessed improvement
$15,853,770
Land market value
$4,190,480
Improvement market value
$15,853,770
Total market value
$20,044,250
Applied tax rate
1.0000
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
Year built
1981
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
4
Rooms
6
Total area
119,728 SF
Lot
2.29 ac (99,880 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
018-3-05-0006
UPID
US87-0652270
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Reston, VA
Zoning I-5(INDUSTRIAL GENERAL) · permitted uses
I-5(INDUSTRIAL GENERAL) · Reston, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
4
Rooms
6
Lot
2.29 ac
Current owner
From public records · entity-resolved
Reston Self Storage LLC
Entity
Mailing address
1055 THOMAS JEFFERSON ST NW STE #250, WASHINGTON, DC 20007-5267
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2019
—
Reston Self Storage LLC
—
Grant Deed
related
$14,950,000 · Burke & Herbert Bk&tr
Feb 27, 2019
—
Reston Self Storage LLC
Farday Partners LLC
Grant Deed
related
$4,100,000 · Access Nat'l Bk
Mar 3, 2017
$6,300,000
Faraday Partners LLC A Virginia Lim
Pcm Properties LLC A Virginia Limit
Special Warranty Deed
$4,100,000 · Access National Bank
—
—
Faraday Partners LLC
—
Loan Modification
related
$4,100,000 · Access Nat'l Bk
—
—
Pcm Properties LLC
—
Deed Of Trust
related
$2,365,000 · Mainstreet Bank
—
—
Pcm Properties LLC
—
Deed Of Trust
related
$2,430,163 · Access National Bank
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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