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Property profile & analytics
OFF-MARKET
Estimated value
$57,115,000
Apartment buildings
2321 Dulles Sta Blvd Ste A, Herndon, VA 20171-6276
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US87-0520235
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
193,818 SF
Lot
3.51 ac (152,772 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
015-4-05-0002-A
UPID
US87-0520235
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
-
Neo Smiles Dental Dental Office
-
Chandrika Sruthi Dokku Dental Office
-
Alo Vietnam Restaurant & Bar Restaurant
-
Evenly Orthodontics Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$57.12M
Owner & transaction history
Mark Dulles Station LLC · 4 yrs held
Mark Dulles Station LLC
since 2021
Last sale
$61.0M
7 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
$61,820,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$48,355,000
6.5%
$44,635,000
7%
$41,445,000
Blend value · Realmo final
$57.12M
Range $51.40M – $62.83M · ±10% · vs last sale $61.00M (Oct 19 2021)
Last sale anchor
$61.00M
Oct 19 2021
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
$295 / 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
$659,302
Tax year 2024
Assessed value
$50,003,970
Assessed 2024
Previous assessed
$51,039,000
-2.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$5,239,000
Assessed improvement
$44,764,970
Land market value
$5,239,000
Improvement market value
$44,764,970
Total market value
$50,003,970
Applied tax rate
200.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Stories
4
Total area
193,818 SF
Lot
3.51 ac (152,772 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
015-4-05-0002-A
UPID
US87-0520235
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
3.51 ac
Current owner
From public records · entity-resolved
Mark Dulles Station LLC
Entity
Mailing address
9900 MAIN ST STE #500, FAIRFAX, VA 22031-3907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
$61,000,000
Mark Dulles Station LLC
Pdcref Dulles Station LLC
Special Warranty Deed
$36,600,000 · The Lafayette Life Insurance Compan
Dec 23, 2019
$50,500,000
Pdcref Dulles Station LLC
Bt Dulles LLC
Grant Deed
—
Jul 2, 2014
$39,299,750
Bt Dulles LLC
Dulles Station Associates LLC
Grant Deed
related
$30,000,000 · Capital One NA
May 3, 2007
$59,000,000
Dulles Station Associates LLC
Station Residences LLC
Grant Deed
related
$49,000,000 · Dulles Station Funding Co INC
Jul 27, 2004
$5,440,512
Dulles Park Corp
Station Residential
Grant Deed
—
Jul 27, 2004
$10
Station Residences LLC
Dulles Park LLC
Grant Deed
$33,840,000 · Corus Bank NA
—
—
Dulles Station Associates LLC
—
Loan Modification
related
—
—
—
Dulles Station Associates LLC
—
Deed Of Trust
related
—
—
—
Bt Dulles LLC
—
Deed Of Trust
related
$36,000,000 · Customers Bk
—
—
Pdcref Dulles Station LLC
—
Deed Of Trust
related
$34,839,502 · Keybank USA
—
—
Dulles Station Associates LLC
—
Deed Of Trust
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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