Back to Search
Property profile & analytics
FOR LEASE
Office buildings
2300 Dulles Station Blvd Herndon, VA 20171
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-0000968
For Lease
1 / 2
Contact for pricing
2300 Dulles Station Blvd, Herndon, VA 20171
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
193,769 SF
Lot
2.46 ac (107,333 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
016-1-25-0006-C2
UPID
US87-0000968
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
-
IBM (Bike/Boat/Book/etc) Store Corporate Office
-
Quartus Engineering Engineering Consultant
-
National Student Clearinghouse Law Firm Publishing House
-
Chugh, LLP - Attorneys & CPAs Law Firm
-
JLT Specialty USA Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$60.20M
Comparable Approach
Comparable
$72.49M
Blend (final)
Blend
$54.33M
Owner & transaction history
Hinzman Jordan
Hinzman Jordan
since 2026
Last sale
$51.5M
7 recorded transactions
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$88.0M
+67.8%
Neighborhood: shopping center
$71.4M
+36.2%
Industrial (general)
$65.9M
+25.6%
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 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
$54,110,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$65,210,000
6.5%
$60,195,000
7%
$55,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$52,460,000
Current use
COMMERCIAL (GENERAL)
$88,015,000
Change: +68% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$71,440,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$65,910,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$64,690,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$56,860,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$54.33M
Range $48.89M – $59.76M · ±10% · vs last sale $51.50M (Dec 8 2022)
Last sale anchor
$51.50M
Dec 8 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
$280 / 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
$729,202
Tax year 2024
Assessed value
$46,049,990
Assessed 2024
Previous assessed
$49,067,140
-6.1% YoY
Effective rate
1.58%
On assessed value
Assessed land
$4,711,620
Assessed improvement
$41,338,370
Land market value
$4,711,620
Improvement market value
$41,338,370
Total market value
$46,049,990
Applied tax rate
2.0000
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
For Lease
Heating
NONE
Stories
6
Total area
193,769 SF
Lot
2.46 ac (107,333 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
016-1-25-0006-C2
UPID
US87-0000968
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Herndon, VAZoning PDC(PLANNED DEV COMMERCIA · permitted uses
PDC(PLANNED DEV COMMERCIA · 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
$52.5M
COMMERCIAL (GENERAL)
Est. value
$88.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$71.4M
INDUSTRIAL (GENERAL)
Est. value
$65.9M
AUTO REPAIR, GARAGE
Est. value
$64.7M
WAREHOUSE, STORAGE
Est. value
$56.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
Heating
NONE
Stories
6
Lot
2.46 ac
Current owner
From public records · entity-resolved
Hinzman Jordan
Individual
Mailing address
1 MARKET PLZ #1050, SAN FRANCISCO, CA 94105-1101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Apr 13, 2026
$874,920
Hinzman Jordan
Valley Arpina
Deed
related
$698,944 · Intercoastal Mortgage LLC
Mar 30, 2023
—
Dulles Station West LLC
—
Deed
related
$25,750,000 · Metlife Real Estate Lending LLC
Dec 8, 2022
$51,500,000
Dulles Station West LLC
Regency Dulles LLC
Deed
—
May 24, 2016
—
Regency Dulles LLC
—
Deed
related
$27,300,000 · Pnc Bk
—
—
Regency Dulles LLC
—
Loan Modification
related
$27,300,000 · Pnc Bk
—
—
Regency Dulles LLC
—
Deed Of Trust
related
$29,500,000 · Miscellaneous Ins Co
—
—
Writ Dulles Station LLC
—
Loan Modification
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
