Individually Owned 
For Lease
1 / 2
$52,070,000
2411 Dulles Corner Park, Dulles, VA 20171
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Property summary
AI-generated overview
This office building features a Finnish red granite facade with reflective glass. The property has a total building size of 178,189 square feet and is configured and intended for office use, with views of the Blue Ridge Mountains from the location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
STEEL FRAME
Total area
179,241 SF
Lot
4.54 ac (197,678 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
015-4-02-0006-A
UPID
US87-0892506
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate Agency
-
(Bike/Boat/Book/etc) Store Corporate Office
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Electric Vehicle Charging Station
-
Engineering Consultant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$55.68M
Comparable Approach
Comparable
$50.60M
Blend (final)
Blend
$52.07M
Owner & transaction history
since 2018
Last sale
$51.0M
2 recorded transactions
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Herndon, VA
Top alternative use upside
Commercial (general)
$81.4M
+67.8%
Neighborhood: shopping center
$66.1M
+36.2%
Industrial (general)
$61.0M
+25.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$52.07M
Value range
$46.86M – $57.28M
±10% around blend
Estimated value / SF
$291 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$46.86M
blend $52.07M
$57.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
179,241 SF
Lot area
4.54 ac
Year built
1990
Stories
7
APN
015-4-02-0006-A
Zoning
PDC(PLANNED DEV COMMERCIA
Assessed value
$31,534,620
Annual tax
$499,351
3
Income approach: direct capitalization
Partial preview
Income approach indication
$55.68M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$60.32M
@ 6.5% CAP return
$55.68M
@ 7% CAP return
$51.71M
4
Sales comparison
Partial preview
Sales approach indication
$15.83M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
16.0 mi away · 135,102 SF
16.4 mi away · 151,935 SF
17.3 mi away · 153,941 SF
20.9 mi away · 195,480 SF
21.3 mi away · 140,244 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$52.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$271
+7%
Submarket 170 sales
$290
+0%
County 837 sales
$289
+1%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $291/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+68%
vs current-use indication
Neighborhood: Shopping Center
Industrial (general)
Auto Repair, Garage
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$51.00M
Move the market yield to see immediate price impact.
Value / SF
$285
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$3.21M
$64.26M
$45.90M
$35.70M
$3.57M
$71.40M
$51.00M
$39.67M
$3.93M
$78.54M
$56.10M
$43.63M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$37.00M
11.5 mi · Sep 2025 · $183/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$499,351
Tax year 2024
Assessed value
$31,534,620
Assessed 2024
Previous assessed
$32,541,110
-3.1% YoY
Effective rate
1.58%
On assessed value
Assessed land
$3,759,950
Assessed improvement
$27,774,670
Land market value
$3,759,950
Improvement market value
$27,774,670
Total market value
$31,534,620
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1990
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
7
Total area
179,241 SF
Lot
4.54 ac (197,678 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
015-4-02-0006-A
UPID
US87-0892506
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
7
Lot
4.54 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PDC(PLANNED DEV COMMERCIA
Jurisdiction
Herndon, VA
Recorded code
PDC(PLANNED DEV COMMERCIA
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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