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Property profile & analytics
OFF-MARKET
Estimated value
$40,005,000
Office buildings
500 Huntmar Park Dr, Herndon, VA 20170-5146
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1232439
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
175,570 SF
Lot
13.77 ac (599,760 SF)
Zoning code
O&L I(OFFICE &LIGHT INDUS
APN
016-2-02-0156-E
UPID
US87-1232439
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
-
Bushan Hospital
-
Rising Edge Technologies Inc (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$54.54M
Comparable Approach
Comparable
$40.40M
Blend (final)
Blend
$40.01M
Owner & transaction history
Brit Beco Park Herndon LLC · 5 yrs held
Brit Beco Park Herndon LLC
since 2021
4 recorded transactions
Zoning & alternative use
O&L I(OFFICE &LIGHT INDUS · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$64.7M
+31.5%
Industrial (general)
$59.7M
+21.3%
Auto repair, garage
$58.6M
+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%
$59,085,000
6.5%
$54,540,000
7%
$50,645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$49,225,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$64,730,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$59,720,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$58,615,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$51,520,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$40.01M
Range $36.00M – $44.01M · ±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
$340,700
Tax year 2024
Assessed value
$20,000,000
Assessed 2024
Previous assessed
$27,234,920
-26.6% YoY
Effective rate
1.70%
On assessed value
Assessed land
$3,509,840
Assessed improvement
$16,490,160
Land market value
$3,509,840
Improvement market value
$16,490,160
Total market value
$20,000,000
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
1988
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
1
Total area
175,570 SF
Lot
13.77 ac (599,760 SF)
Zoning code
O&L I(OFFICE &LIGHT INDUS
APN
016-2-02-0156-E
UPID
US87-1232439
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
$49.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$64.7M
INDUSTRIAL (GENERAL)
Est. value
$59.7M
AUTO REPAIR, GARAGE
Est. value
$58.6M
WAREHOUSE, STORAGE
Est. value
$51.5M
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
1988
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
13.77 ac
Current owner
From public records · entity-resolved
Brit Beco Park Herndon LLC
Entity
Mailing address
5410 EDSON LN STE #200, ROCKVILLE, MD 20852-3195
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
—
Brit Beco Park Herndon LLC
Brit Herndon Square LLC
Intrafamily Transfer
related
$37,500,000 · Bsprt Cmbs Finance LLC
Jan 11, 2017
—
Brit-herndon Square LLC
—
Deed
related
$47,500,000 · Us Bank NA Series 2007-c6 (ce)
May 8, 2007
—
Brit-herndon Square LLC
Brit-herndon Square LLC
Quit Claim Deed
related
—
—
—
Brit-herndon Square LLC
—
Loan Modification
related
$47,500,000 · Us Bank NA Series 2007-c6 (ce)
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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