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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Drive through restaurants
3035 Centreville Rd Herndon, VA 20171-3709
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-1060662
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1997
Construction
FRAME
Total area
5,364 SF
Lot
1.78 ac (77,605 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
024-4-05-0003
UPID
US87-1060662
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
-
Herndon Handyman Services Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$725k
Owner & transaction history
Carl Delmarva LLC · 3 yrs held
Carl Delmarva LLC
since 2023
Last sale
$720,000
6 recorded transactions
Zoning & alternative use
C-6(COMMUNITY RETAIL) · 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
$700,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $720k (Jul 7 2023)
Last sale anchor
$720k
Jul 7 2023
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
$135 / 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
$48,997
Tax year 2024
Assessed value
$3,817,420
Assessed 2024
Previous assessed
$3,714,330
+2.8% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,563,390
Assessed improvement
$1,254,030
Land market value
$2,563,390
Improvement market value
$1,254,030
Total market value
$3,817,420
Applied tax rate
9.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
OTHER
Cooling
YES
Stories
1
Total area
5,364 SF
Lot
1.78 ac (77,605 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
024-4-05-0003
UPID
US87-1060662
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Herndon, VAZoning C-6(COMMUNITY RETAIL) · permitted uses
C-6(COMMUNITY RETAIL) · Herndon, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Carl Delmarva LLC
Entity
Mailing address
210 PO BOX 1547TH RD #210, SAN RAMON, CA 94583-6547
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
—
King Of Northern Virginia
—
Deed
related
$4,870,000 · The Bank Of Southside Virginia
Jul 7, 2023
—
Carl Delmarva LLC
King Of Northern Virginia Gp
Lease
$123,704,336 · Citizens Bank NA
Nov 24, 2020
—
Toms King LLC
—
Deed
related
$51,500,000 · Bank Of America
Jun 17, 2013
—
King Of Northern Virginia
—
Deed Of Trust
related
$8,100,000 · Virginia Commerce Bank
—
—
Toms King Virginia LLC
—
Deed Of Trust
related
$38,000,000 · Bank Of America
—
—
Toms King LLC
—
Loan Modification
related
$51,500,000 · Bank Of America
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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