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Property profile & analytics
OFF-MARKET
Estimated value
$6,265,000
Office buildings
2220 Cedar Ln Vienna, VA 22182-5251
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0129610
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
STEEL FRAME
Total area
16,500 SF
Lot
0.71 ac (30,874 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
039-4-01-0004-A
UPID
US87-0129610
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
-
Congressional Plastic Surgery Medical Clinic
-
Isap Office Local Government Office
-
Congressional Plastic Surgery | Christopher C. Chang, M.D. Spa & Massage Center Alternative Medicine Practice
-
JIL TYSON CHURCH Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.45M
CAP Approach
CAP
$5.13M
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$6.27M
Owner & transaction history
Pennypacker Holdings LLC · 4 yrs held
Pennypacker Holdings LLC
since 2022
Last sale
$6.1M
3 recorded transactions
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Vienna, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.5M
+59.8%
Warehouse, storage
$7.5M
+59.2%
Neighborhood: shopping center
$6.1M
+29.7%
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 Vienna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vienna 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
$6,410,000
ML approach
$6,450,000
CAP Approach
CAP Return
Estimation
6%
$5,555,000
6.5%
$5,125,000
7%
$4,760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,690,000
Current use
COMMERCIAL (GENERAL)
$7,495,000
Change: +60% · Conversion: Easy
WAREHOUSE, STORAGE
$7,470,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,085,000
Change: +30% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,610,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,510,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.89M · ±10% · vs last sale $6.10M (Jun 27 2022)
Last sale anchor
$6.10M
Jun 27 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
$380 / 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
$52,690
Tax year 2024
Assessed value
$4,105,210
Assessed 2024
Previous assessed
$4,628,300
-11.3% YoY
Effective rate
1.28%
On assessed value
Assessed land
$245,450
Assessed improvement
$3,859,760
Land market value
$245,450
Improvement market value
$3,859,760
Total market value
$4,105,210
Applied tax rate
7.0000
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
Year built
1982
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
3
Total area
16,500 SF
Lot
0.71 ac (30,874 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
039-4-01-0004-A
UPID
US87-0129610
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Vienna, VA
Zoning C-6(COMMUNITY RETAIL) · permitted uses
C-6(COMMUNITY RETAIL) · Vienna, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vienna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1982
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
3
Lot
0.71 ac
Current owner
From public records · entity-resolved
Pennypacker Holdings LLC
Entity
Mailing address
2220 CEDAR LN, VIENNA, VA 22182-5251
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
$6,100,000
Pennypacker Holdings LLC
2220 Cedar Lane LLC
Special Warranty Deed
$7,700,000 · Atlantic Union Bank
Apr 2, 2007
$4,575,000
8100 Oak Venture LLC
8100 Oak Street LLC
Grant Deed
related
—
Jan 13, 2005
$3,100,000
8100 Oak Street LLC
National Pest Mgmt Assn INC
Grant Deed
$2,822,770 · Oba Fsb
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.
Try Rey
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