New search
Property profile & analytics
OFF-MARKET
Estimated value
$106,040,000
Office buildings
499 Grv St, Herndon, VA 20170-4732
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0677414
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
269,524 SF
Lot
13.47 ac (586,860 SF)
Zoning code
O&L I(OFFICE &LIGHT INDUS
APN
016-2-02-0184-E
UPID
US87-0677414
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
-
Boston Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$83.73M
Comparable Approach
Comparable
$90.59M
Blend (final)
Blend
$106.04M
Owner & transaction history
Usgbf 499 Grove Street LLC · 6 yrs held
Usgbf 499 Grove Street LLC
since 2020
Last sale
$133.8M
2 recorded transactions
Zoning & alternative use
O&L I(OFFICE &LIGHT INDUS · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$122.4M
+62.0%
Neighborhood: shopping center
$99.4M
+31.5%
Industrial (general)
$91.7M
+21.3%
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
$127,255,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$90,700,000
6.5%
$83,725,000
7%
$77,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$75,565,000
Current use
COMMERCIAL (GENERAL)
$122,425,000
Change: +62% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$99,370,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$91,675,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$89,985,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$79,090,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$106.04M
Range $95.44M – $116.64M · ±10% · vs last sale $133.77M (Feb 21 2020)
Last sale anchor
$133.77M
Feb 21 2020
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
$393 / 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
$1,361,794
Tax year 2024
Assessed value
$79,940,920
Assessed 2024
Previous assessed
$87,902,210
-9.1% YoY
Effective rate
1.70%
On assessed value
Assessed land
$5,306,640
Assessed improvement
$74,634,280
Land market value
$5,306,640
Improvement market value
$74,634,280
Total market value
$79,940,920
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
Off-Market
Heating
NONE
Stories
4
Total area
269,524 SF
Lot
13.47 ac (586,860 SF)
Zoning code
O&L I(OFFICE &LIGHT INDUS
APN
016-2-02-0184-E
UPID
US87-0677414
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
O&L I(OFFICE &LIGHT INDUS · Herndon, VA
Zoning O&L I(OFFICE &LIGHT INDUS · permitted uses
O&L I(OFFICE &LIGHT INDUS · 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
$75.6M
COMMERCIAL (GENERAL)
Est. value
$122.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$99.4M
INDUSTRIAL (GENERAL)
Est. value
$91.7M
AUTO REPAIR, GARAGE
Est. value
$90.0M
WAREHOUSE, STORAGE
Est. value
$79.1M
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
Heating
NONE
Stories
4
Lot
13.47 ac
Current owner
From public records · entity-resolved
Usgbf 499 Grove Street LLC
Entity
Mailing address
9830 COLONNADE BLVD STE #600, SAN ANTONIO, TX 78230-2209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2020
$133,768,303
Usgbf 499 Grove Street LLC
Bp New Dominion Technology Pk
Grant Deed
$128,000 · Miscellaneous Ins Co
Sep 24, 2004
$10
New Dominion Technology Bp
New Dominion Technology Park II
Grant Deed
related
$63,000,000 · Wells Fargo Bank
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?”
You own 499 Grv St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
