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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office Spaces
2235 Cedar Ln Ste 201 Vienna, VA 22182-5247
Individually Owned
Absentee Owner
Free & Clear
Property ID
US87-3655871
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
2,047 SF
Zoning code
C-6(COMMUNITY RETAIL)
APN
039-4-59-0201
UPID
US87-3655871
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
$635k
Comparable Approach
Comparable
$625k
Blend (final)
Blend
$585k
Owner & transaction history
Lee Keitz
Lee Keitz
since 2025
Last sale
$540,393
6 recorded transactions
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Vienna, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ch 18 zoning 2023
Top alternative use upside
Commercial (general)
$930,000
+59.8%
Warehouse, storage
$925,000
+59.2%
Neighborhood: shopping center
$755,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$580,000
Current use
COMMERCIAL (GENERAL)
$930,000
Change: +60% · Conversion: Easy
WAREHOUSE, STORAGE
$925,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $540k (Aug 13 2025)
Last sale anchor
$540k
Aug 13 2025
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
$286 / 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
$7,882
Tax year 2024
Assessed value
$614,100
Assessed 2024
Previous assessed
$614,100
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$122,820
Assessed improvement
$491,280
Land market value
$122,820
Improvement market value
$491,280
Total market value
$614,100
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Total area
2,047 SF
Zoning code
C-6(COMMUNITY RETAIL)
APN
039-4-59-0201
UPID
US87-3655871
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Vienna, VAZoning 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
Source
ch 18 zoning 2023
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$930,000
WAREHOUSE, STORAGE
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$685,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
NONE
Current owner
From public records · entity-resolved
Lee Keitz
Individual
Free & Clear · 0 yrs held
Mailing address
9215 CHARTERHOUSE RD, FREDERICK, MD 21704-7336
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Aug 13, 2025
$540,393
Lee Keitz
Equity Trust Company
Deed
—
May 22, 2013
$490,000
Parvin Moradi
Suntrust Bk
Grant Deed
—
Nov 10, 2012
$460,500
Suntrust Bk
Biemiller Richard E
Trustees Deed
related
—
Sep 26, 2008
$827,000
Medicomp LLC
Ellini,mohammad H & Afsoon
Grant Deed
$827,000 · Suntrust Bank NA
Jun 26, 2006
—
Mohammad H Ellini
Emamjomeh,hamid
Grant Deed
related
—
—
—
Hamid Emamjomeh
—
Deed Of Trust
related
$350,000 · 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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