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Property profile & analytics
OFF-MARKET
Estimated value
$35,750,000
Office Spaces
22330 Glenn Dr Sterling, VA 20164-7131
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3513183
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2016
Total area
170,803 SF
Lot
13.19 ac (574,556 SF)
Zoning code
PDIP
APN
032-16-0531-000
UPID
US87-3513183
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
$32.64M
Comparable Approach
Comparable
$39.84M
Blend (final)
Blend
$35.75M
Owner & transaction history
Fp Sterling Park 8 & 9 LLC · 10 yrs held
Fp Sterling Park 8 & 9 LLC
since 2015
7 recorded transactions
Zoning & alternative use
PDIP · Sterling, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$52.5M
+26.6%
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 Sterling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sterling 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%
$35,355,000
6.5%
$32,635,000
7%
$30,305,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$41,470,000
Current use
WAREHOUSE, STORAGE
$52,520,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$35.75M
Range $32.18M – $39.33M · ±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
$209 / 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
$304,468
Tax year 2024
Assessed value
$30,295,310
Assessed 2024
Previous assessed
$30,156,740
+0.5% YoY
Effective rate
1.01%
On assessed value
Assessed land
$6,320,100
Assessed improvement
$23,975,210
Land market value
$6,320,100
Improvement market value
$23,975,210
Total market value
$30,295,310
Applied tax rate
8.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2016
Heating
NONE
Total area
170,803 SF
Lot
13.19 ac (574,556 SF)
Zoning code
PDIP
APN
032-16-0531-000
UPID
US87-3513183
Jurisdiction
LOUDOUN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDIP · Sterling, VA
Zoning PDIP · permitted uses
PDIP · Sterling, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sterling. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$41.5M
WAREHOUSE, STORAGE
Est. value
$52.5M
COMMERCIAL (GENERAL) Current
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
2016
Heating
NONE
Lot
13.19 ac
Current owner
From public records · entity-resolved
Fp Sterling Park 8 & 9 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
255 WASHINGTON ST STE #270, NEWTON, MA 02458-1634
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
—
Sterling Park LLC
—
Deed
related
$26,340,000 · Jpmorgan Chase Bank NA
Sep 1, 2015
—
Fp Sterling Park 8 & 9 LLC
—
Grant Deed
related
$43,700,000 · Pnc Bk
Aug 3, 2015
—
Fp Sterling Park 8 & 9 LLC
Fp Sterling Park Land LLC
Quit Claim Deed
related
—
Jul 8, 2015
—
Board Of Supervisors & Loudoun Cnty
Fpsterling Park Land
Quit Claim Deed
related
—
Sep 29, 2010
—
Fp Sterling Park Land LLC
Fp Sterling Park II LLC
Quit Claim Deed
related
—
Apr 1, 2008
$14,370,000
F P Sterling Park II LLC
Owner Name Unavailable
Grant Deed
related
—
Mar 1, 2006
$14,370,000
Fp Sterling Park II LLC
Sterling Park Busn Center Lllp
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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