New search
Property profile & analytics
FOR LEASE
Office buildings
2355 Dulles Corner Blvd, Herndon, VA 20171
Individually Owned
Absentee Owner
Free & Clear
Property ID
US87-3839934
For Lease
1 / 2
Contact for pricing
2355 Dulles Corner Blvd, Herndon, VA 20171
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
STEEL FRAME
Total area
180,171 SF
Lot
5 ac (217,800 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
015-2-02-0003
UPID
US87-3839934
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
-
SAP NS2 (Bike/Boat/Book/etc) Store Corporate Office
-
FirstSource Consortium (Bike/Boat/Book/etc) Store Corporate Office
-
Savvis Federal Systems Inc Telecommunications Service
-
NAIOP Commercial Real Estate Agency Association / Organization
-
Rising Stars Child Care & Learning Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$55.97M
Comparable Approach
Comparable
$45.20M
Blend (final)
Blend
$50.79M
Owner & transaction history
Commonwealth Of Virginia
Commonwealth Of Virginia
since 2025
Last sale
$51.0M
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)
$81.8M
+67.8%
Neighborhood: shopping center
$66.4M
+36.2%
Industrial (general)
$61.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$60,635,000
6.5%
$55,970,000
7%
$51,970,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$48,780,000
Current use
COMMERCIAL (GENERAL)
$81,835,000
Change: +68% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$66,425,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$61,285,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$60,150,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$52,870,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$50.79M
Range $45.71M – $55.87M · ±10% · vs last sale $51.00M (Oct 2 2024)
Last sale anchor
$51.00M
Oct 2 2024
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
$282 / 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
$446,062
Tax year 2024
Assessed value
$28,169,340
Assessed 2024
Previous assessed
$29,899,500
-5.8% YoY
Effective rate
1.58%
On assessed value
Assessed land
$3,783,590
Assessed improvement
$24,385,750
Land market value
$3,783,590
Improvement market value
$24,385,750
Total market value
$28,169,340
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
Year built
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
7
Total area
180,171 SF
Lot
5 ac (217,800 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
015-2-02-0003
UPID
US87-3839934
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$48.8M
COMMERCIAL (GENERAL)
Est. value
$81.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$66.4M
INDUSTRIAL (GENERAL)
Est. value
$61.3M
AUTO REPAIR, GARAGE
Est. value
$60.2M
WAREHOUSE, STORAGE
Est. value
$52.9M
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
Year built
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
7
Lot
5 ac
Current owner
From public records · entity-resolved
Commonwealth Of Virginia
Individual
Free & Clear · 0 yrs held
Mailing address
500 BOYLSTON ST STE #2100, BOSTON, MA 02116-3840
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
—
Commonwealth Of Virginia
Mfs Dulles LLC
Deed
related
—
Jan 2, 2025
$51,000,000
Mfs Dulles LLC
2411 Dulles Corner Metro Owner LLC
Special Warranty Deed
$20,150,000 · Jarmms Capital LLC
Apr 9, 2024
—
2411 Dulles Corner Metro Owner LLC
—
Deed
related
$115,300,000 · Citizens Bank NA
Apr 12, 2019
—
2411 Dulles Corner Metro Owner
—
Grant Deed
related
$115,300,000 · Citizens Bk NA
Dec 21, 2018
$36,000,000
2355 Dulles Corner Metro Owner
Brandywine Operating Ptshp LP
Grant Deed
—
Aug 24, 2006
$61,600,000
Brandywine Operating Ptshp LP
Mjv 2355 LLC
Grant Deed
—
Oct 24, 2005
$1,418,504
Dulles 243 LLC
2355 Associates LLC
Grant Deed
—
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.
