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Property profile & analytics
OFF-MARKET
Estimated value
$7,125,000
Office buildings
500 Grv St Herndon, VA 20170-4735
Entity Owned
Free & Clear
Property ID
US87-1268428
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
CONCRETE
Total area
31,280 SF
Lot
1.19 ac (51,717 SF)
Zoning code
CS(COMM SERVICES DISTRICT
APN
016-2-02-0203-D
UPID
US87-1268428
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
-
Mark S. Jefferies, DMD, PLC Dental Office
-
International Institute of Islamic Thought (IIIT) Charitable Organization Social Service Agency
-
Semancik Mary Dental Office
-
Evenly Orthodontics Dental Office
-
Arc Bridge Consulting & Training Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.72M
Comparable Approach
Comparable
$7.20M
Blend (final)
Blend
$7.13M
Owner & transaction history
SAFA TRUST INC
SAFA TRUST INC
Zoning & alternative use
CS(COMM SERVICES DISTRICT · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.5M
+31.5%
Industrial (general)
$10.6M
+21.3%
Auto repair, garage
$10.4M
+19.1%
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%
$10,525,000
6.5%
$9,715,000
7%
$9,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,770,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,530,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,640,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,445,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,180,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$7.13M
Range $6.41M – $7.84M · ±10%
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
$228 / 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
$46,735
Tax year 2024
Assessed value
$3,027,840
Assessed 2024
Previous assessed
$3,130,550
-3.3% YoY
Effective rate
1.54%
On assessed value
Assessed land
$625,600
Assessed improvement
$2,402,240
Land market value
$625,600
Improvement market value
$2,402,240
Total market value
$3,027,840
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
Year built
1986
Construction
CONCRETE
Heating
OTHER
Cooling
YES
Stories
3
Total area
31,280 SF
Lot
1.19 ac (51,717 SF)
Zoning code
CS(COMM SERVICES DISTRICT
APN
016-2-02-0203-D
UPID
US87-1268428
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CS(COMM SERVICES DISTRICT · Herndon, VAZoning CS(COMM SERVICES DISTRICT · permitted uses
CS(COMM SERVICES DISTRICT · Herndon, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.5M
INDUSTRIAL (GENERAL)
Est. value
$10.6M
AUTO REPAIR, GARAGE
Est. value
$10.4M
WAREHOUSE, STORAGE
Est. value
$9.2M
OFFICE BUILDING Current
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
1986
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
3
Lot
1.19 ac
Current owner
From public records · entity-resolved
SAFA TRUST INC
Entity
Free & Clear · 0 yrs held
Mailing address
500 GRV ST STE #200, HERNDON, VA 20170-4793
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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