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Property profile & analytics
OFF-MARKET
Estimated value
$5,015,000
Office buildings
209 Elden St Herndon, VA 20170-4852
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US87-0624708
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE
Total area
22,006 SF
Lot
1.18 ac (51,614 SF)
Zoning code
O&L I(OFFICE &LIGHT INDUS
APN
017-1-06-0001-A5
UPID
US87-0624708
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
Current use
Occupant on record · Public records
-
Dr. Madan Uprety, MD Physician
-
Martina Pavlicek, Psy. D. Licensed Therepist Medical Clinic
-
Gravity Spine & Wellness Alternative Medicine Practice
-
DeenTV Foundation Recording Studio
-
Weaver Wellness Care Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.84M
Comparable Approach
Comparable
$5.06M
Blend (final)
Blend
$5.02M
Owner & transaction history
Herndon Investments LLC
Herndon Investments LLC
3 recorded transactions
Zoning & alternative use
O&L I(OFFICE &LIGHT INDUS · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.1M
+31.5%
Industrial (general)
$7.5M
+21.3%
Auto repair, garage
$7.3M
+19.1%
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 Herndon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Herndon 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%
$7,405,000
6.5%
$6,835,000
7%
$6,350,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,170,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,115,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,485,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,345,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,455,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$5.02M
Range $4.51M – $5.52M · ±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
$228 / 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
$28,757
Tax year 2024
Assessed value
$1,863,110
Assessed 2024
Previous assessed
$1,916,150
-2.8% YoY
Effective rate
1.54%
On assessed value
Assessed land
$440,990
Assessed improvement
$1,422,120
Land market value
$440,990
Improvement market value
$1,422,120
Total market value
$1,863,110
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
Year built
1984
Construction
CONCRETE
Heating
OTHER
Cooling
YES
Stories
3
Total area
22,006 SF
Lot
1.18 ac (51,614 SF)
Zoning code
O&L I(OFFICE &LIGHT INDUS
APN
017-1-06-0001-A5
UPID
US87-0624708
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
O&L I(OFFICE &LIGHT INDUS · Herndon, VAZoning O&L I(OFFICE &LIGHT INDUS · permitted uses
O&L I(OFFICE &LIGHT INDUS · Herndon, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
INDUSTRIAL (GENERAL)
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$6.5M
OFFICE BUILDING Current
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
Year built
1984
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
3
Lot
1.18 ac
Current owner
From public records · entity-resolved
Herndon Investments LLC
Entity
Mailing address
209 ELDEN ST STE #110, HERNDON, VA 20170-4815
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Herndon Investments LLC
—
Deed Of Trust
related
$1,000,000 · Branch Bk&tr
—
—
Herndon Investments LLC
—
Deed Of Trust
related
$975,000 · Pnc Bank
—
—
Herndon Investments LLC
—
Deed Of Trust
related
$1,135,000 · United Central 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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