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Property profile & analytics
OFF-MARKET
Estimated value
$52,215,000
Garden apartment buildings
2300 Woodland Xing Drr Herndon, VA 20171-5892
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US87-0960340
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Total area
212,346 SF
Lot
2.48 ac (108,177 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
016-4-23-R
UPID
US87-0960340
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
-
The Point at Monroe Place Apartment Complex
-
National Corporate Housing at Monroe Place Vacation Rental
-
Bozzuto Group Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$48.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.22M
Owner & transaction history
Pp Monroe Place Investors LLC · 6 yrs held
Pp Monroe Place Investors LLC
since 2020
Last sale
$54.2M
6 recorded transactions
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$51,560,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$52,975,000
6.5%
$48,900,000
7%
$45,410,000
Blend value · Realmo final
$52.22M
Range $46.99M – $57.44M · ±10% · vs last sale $54.20M (Apr 8 2020)
Last sale anchor
$54.20M
Apr 8 2020
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
$246 / 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
$754,529
Tax year 2024
Assessed value
$56,329,170
Assessed 2024
Previous assessed
$56,645,990
-0.6% YoY
Effective rate
1.34%
On assessed value
Assessed land
$9,162,720
Assessed improvement
$47,166,450
Land market value
$9,162,720
Improvement market value
$47,166,450
Total market value
$56,329,170
Applied tax rate
100.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Heating
NONE
Stories
4
Total area
212,346 SF
Lot
2.48 ac (108,177 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
016-4-23-R
UPID
US87-0960340
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Herndon, VA
Zoning 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
Herndon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Stories
4
Lot
2.48 ac
Current owner
From public records · entity-resolved
Pp Monroe Place Investors LLC
Entity
Mailing address
50 MAIN ST STE #1101, WHITE PLAINS, NY 10606-1901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Apr 8, 2020
$56,950,000
Pp Monroe Place Investors LLC
Monroe Lincoln LLC
Grant Deed
related
—
Apr 8, 2020
—
Pp Monroe Place Investors LLC
—
Deed
related
$41,925,000 · Berkadia Com'l Mtg
Apr 29, 2015
$54,200,000
Monroe Lincoln LLC
Woodland Park Apartments LLC
Grant Deed
$33,564,000 · Grandbridge R/e Cap
Feb 21, 2007
$18,000,000
Woodland Park Apartments LLC
Woodland Park Crossing LLC
Deed Of Trust
related
$16,500,000 · National City Bank
—
—
Pp Monroe Place Investors LLC
—
Loan Modification
related
$41,925,000 · Berkadia Com'l Mtg
—
—
Woodland Park Apartments LLC
—
Deed Of Trust
related
$39,637 · Pacific Life Insurance Co
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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