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Property profile & analytics
OFF-MARKET
Garden apartment buildings
2521 Wasser Ter Herndon, VA 20171-6310
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-1058473
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Total area
257,480 SF
Lot
8.23 ac (358,491 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
015-4-01-0013-F1
UPID
US87-1058473
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bzt Apt Venture I Mansarde Avenue L
Bzt Apt Venture I Mansarde Avenue L
since 2025
Last sale
$147.0M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$643,722
Tax year 2024
Assessed value
$48,822,290
Assessed 2024
Previous assessed
$49,006,040
-0.4% YoY
Effective rate
1.32%
On assessed value
Assessed land
$7,769,560
Assessed improvement
$41,052,730
Land market value
$7,769,560
Improvement market value
$41,052,730
Total market value
$48,822,290
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Heating
NONE
Stories
4
Total area
257,480 SF
Lot
8.23 ac (358,491 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
015-4-01-0013-F1
UPID
US87-1058473
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
8.23 ac
Current owner
From public records · entity-resolved
Bzt Apt Venture I Mansarde Avenue L
Entity
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2025
$147,000,000
Bzt Apt Venture I Mansarde Avenue L
Gsic III Ashton Dulles LLC
Special Warranty Deed
$97,400,000 · Jpmorgan Chase Bank NA
Aug 22, 2023
—
Gsic III Ashton Dulles LLC
Coxcom LLC
Agreement Of Sale
—
Nov 12, 2021
$149,466,667
Gsic II Ashton Dulles LLC
Gs Ashton LLC
Special Warranty Deed
—
Sep 19, 2017
—
Gs Ashton LLC
—
Deed
related
$72,300,000 · Wells Fargo Bk
Sep 13, 2017
$107,000,000
Gs Ashton LLC
Mept Ashton At Dulles Corner L
Grant Deed
—
Dec 17, 2010
$102,000,000
Mept Ashton Of Dulles Corner LLC
Fairfield Dulles Corner LP
Grant Deed
—
May 29, 2008
—
Dulles Corner Fairfield II
Fairfield Dulles Corner Holdin
Quit Claim Deed
related
$54,500,000 · Fifth Third Bank
—
—
Gs Ashton LLC
—
Deed Of Trust
related
$72,300,000 · Wells Fargo Bk
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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