Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2321 Dulles Sta Blvd Ste A Herndon, VA 20171-6276

    • Apartment buildings
    • 193,818 SF
    • 3.51 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2021
    $61,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0520235
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Neo Smiles Dental / Dentist / Cosmetic Dentist
    • Chandrika Sruthi Dokku / Dentist / Medical School
    • Alo Vietnam Restaurant & Bar / Bar / Cocktail Bar
    • Evenly Orthodontics / Orthodontist

    Property Details for 2321 Dulles Sta Blvd Ste A

    Lot size
    3.51 lot acres
    Property size
    193,818 SF
    Zone code
    PDC(PLANNED DEV COMMERCIA
    Property type
    Apartment buildings
    APN
    015-4-05-0002-A
    APU
    0154050002A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $48,355,000
      6.5%
      $44,635,000
      7%
      $41,445,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.4162
    Latitude
    38.9576
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $659,302
    $5,239,000
    $44,764,970
    $50,003,970
    -
    $5,239,000
    $44,764,970
    $50,003,970

    Comparable in this City

    • Value Estimation by Request
      1.69 Acres

      13325 Fairfield Rdg Ave

      APARTMENT HOUSE (5+ UNITS) • 1.69 Acres
      13325 Fairfield Rdg Ave, Herndon, VA 20171-6461
      View Details
    • Value Estimation
      $32,730,000
      408,315 SF

      2249 Woodland Grv Pl

      APARTMENT HOUSE (5+ UNITS) • 408,315 SF
      2249 Woodland Grv Pl, Herndon, VA 20171-6298
      View Details
    • Value Estimation by Request

      13455 Sunrise Vly Dr

      APARTMENT HOUSE (5+ UNITS)
      13455 Sunrise Vly Dr, Herndon, VA 20171-3381
      View Details
    • Value Estimation
      $15,560,000
      194,926 SF

      13325 Fairfield Rdg Aver-2

      APARTMENT HOUSE (5+ UNITS) • 194,926 SF
      13325 Fairfield Rdg Aver-2, Herndon, VA 20171-6461
      View Details
    • Value Estimation
      $13,400,000
      167,334 SF

      13310 Launders Str-1

      APARTMENT HOUSE (5+ UNITS) • 167,334 SF
      13310 Launders Str-1, Herndon, VA 20171
      View Details
    • Value Estimation by Request
      0.36 Acres

      2230 Silver Arrow Way

      APARTMENT HOUSE (5+ UNITS) • 0.36 Acres
      2230 Silver Arrow Way, Herndon, VA 20171
      View Details

    Similar Nearby for Sale

    • $829,000
      2,060 SF

      Luxury End-Unit Townhome in Herndon

      Modern, move-in-ready townhome with rooftop terrace and convenient location.
      14032 Sunrise Valley Dr, Herndon, VA 20171
      View Details
    • $650,000

      Modern Townhouse in Foster's Glen

      Move-in ready, four-bedroom townhouse with modern amenities and convenient location.
      14016 Sunrise Valley Dr, Herndon, VA 20171
      View Details
    • $649,900

      Pristine Townhome Near Dulles Airport

      Well-maintained, move-in ready townhome with luxurious features and convenient location.
      2506 James Monroe Cir, Herndon, VA 20171
      View Details
    • $710,000

      Bradwell Road Specialty Property

      Specialty property available for sale on Bradwell Road.
      12732 Bradwell Rd, Herndon, VA 20171
      View Details
    • $615,000

      Herndon Specialty Property For Sale

      Specialty property available for purchase in Herndon, Virginia.
      13503 Bannacker Pl, Herndon, VA 20171
      View Details
    • $630,000

      Herndon Specialty Property for Sale

      Specialty property available in Herndon, Virginia.
      13210 Fox Ripple Ln Ln, Herndon, VA 20171
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Updated Condo in Gated Community

      Bright, updated one-bedroom condo with balcony and community amenities.
      12945 Ctr Park Cir Cir, Herndon, VA 20171
      View Details
    • $2,850 /Mo
      2,016 SF

      Herndon Townhome with Updated Kitchen

      Townhome featuring 3 bedrooms, updated kitchen, and fenced backyard.
      3311 Kinfolk Ct, Herndon, VA 20171
      View Details
    • Contact for pricing
      90,000 SF

      Dulles Technology Center Office Park

      Seven-building office park in Dulles Corridor with large floor plans.
      13665 Dulles Technology Dr, Herndon, VA 20171
      View Details
    • Contact for pricing
      22,050 SF

      Herndon Office Space Available

      Office space available near Dulles Airport and Westin Hotel.
      2550 Wasser Ter, Herndon, VA 20171
      View Details
    • $10 SF/Yr
      8,837 SF

      Herndon Warehouse with Truck Court

      Warehouse with excellent access to major routes and ample parking.
      13970-14000 Park Center Rd, Herndon, VA 20171
      View Details
    • Contact for pricing
      15,838 SF

      Prime Herndon Retail Space

      Class A retail space, multiple units available.
      2323 Dulles Station Blvd, Herndon, VA 20171
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2321 Dulles Sta Blvd Ste A
    Herndon, VA 20171-6276
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.