Entity Owned Property summary
AI-generated overview
Monroe II is an office building with a facade of precast concrete and green glass. The building’s interior layout is organized around a central core, with office spaces designed for functional use. The lobby includes natural wood paneling and marble finishes. The property is located on Herndon Parkway adjacent to the Dulles Access Road, with access to Tysons Corner and both I-66 and Dulles International Airport. The building provides approximately 29,536 square feet of office space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
52,528 SF
Lot
3.42 ac (149,104 SF)
Zoning code
O&L I(OFFICE &LIGHT INDUS
APN
016-4-10-0001-A6
UPID
US87-0184715
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Waste Management Facility Hazardous Waste Disposal
-
Real Estate Agency
-
Dental Office
Location
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
since 2021
Last sale
$41.3M
1 recorded transaction
Zoning & alternative use
O&L I(OFFICE &LIGHT INDUS · Herndon, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
52,528 SF
Lot area
3.42 ac
Year built
1988
Stories
3
APN
016-4-10-0001-A6
Zoning
O&L I(OFFICE &LIGHT INDUS
Assessed value
$2,995,220
Annual tax
$51,024
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$15.57M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.8 mi away · 43,200 SF
19.2 mi away · 64,580 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 66 sales
$280
+6%
Submarket 170 sales
$290
+2%
County 837 sales
$289
+3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $296/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$41.25M
Move the market yield to see immediate price impact.
Value / SF
$785
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.60M
$51.98M
$37.13M
$28.88M
$2.89M
$57.75M
$41.25M
$32.08M
$3.18M
$63.53M
$45.37M
$35.29M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$24.65M
15.3 mi · Feb 2026 · $394/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$51,024
Tax year 2024
Assessed value
$2,995,220
Assessed 2024
Previous assessed
$4,359,920
-31.3% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,260,670
Assessed improvement
$1,734,550
Land market value
$1,260,670
Improvement market value
$1,734,550
Total market value
$2,995,220
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
3
Total area
52,528 SF
Lot
3.42 ac (149,104 SF)
Zoning code
O&L I(OFFICE &LIGHT INDUS
APN
016-4-10-0001-A6
UPID
US87-0184715
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
O&L I(OFFICE &LIGHT INDUS · Herndon, VAZoning 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
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
3
Lot
3.42 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
O&L I(OFFICE &LIGHT INDUS
Jurisdiction
Herndon, VA
Recorded code
O&L I(OFFICE &LIGHT INDUS
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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