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Property profile & analytics
OFF-MARKET
Estimated value
$18,745,000
Office buildings
607 Herndon Pkwy Herndon, VA 20170-5489
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0679521
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
82,275 SF
Lot
3.7 ac (161,368 SF)
Zoning code
PD-T(PLANNED DEV-TRANSIT)
APN
016-4-10-0007-C1
UPID
US87-0679521
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
-
China Telecom Americas Telecommunications Service
-
Softility, Inc. Tech Support Center (Bike/Boat/Book/etc) Store
-
Stonesprings Anesthesia Associates, LTD Medical Clinic
-
Excel Technologies, LLC Consultant
-
Besins Healthcare Inc.'s Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.56M
Comparable Approach
Comparable
$18.93M
Blend (final)
Blend
$18.75M
Owner & transaction history
H & F Water Dragon LLC · 13 yrs held
H & F Water Dragon LLC
since 2012
2 recorded transactions
Zoning & alternative use
PD-T(PLANNED DEV-TRANSIT) · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$30.3M
+31.5%
Industrial (general)
$28.0M
+21.3%
Auto repair, garage
$27.5M
+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%
$27,690,000
6.5%
$25,560,000
7%
$23,730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$23,065,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$30,335,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$27,985,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$27,470,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$24,145,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$18.75M
Range $16.87M – $20.62M · ±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
$187,532
Tax year 2024
Assessed value
$11,008,650
Assessed 2024
Previous assessed
$12,108,500
-9.1% YoY
Effective rate
1.70%
On assessed value
Assessed land
$6,777,460
Assessed improvement
$4,231,190
Land market value
$6,777,460
Improvement market value
$4,231,190
Total market value
$11,008,650
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
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
3
Total area
82,275 SF
Lot
3.7 ac (161,368 SF)
Zoning code
PD-T(PLANNED DEV-TRANSIT)
APN
016-4-10-0007-C1
UPID
US87-0679521
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PD-T(PLANNED DEV-TRANSIT) · Herndon, VAZoning PD-T(PLANNED DEV-TRANSIT) · permitted uses
PD-T(PLANNED DEV-TRANSIT) · 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
$23.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.3M
INDUSTRIAL (GENERAL)
Est. value
$28.0M
AUTO REPAIR, GARAGE
Est. value
$27.5M
WAREHOUSE, STORAGE
Est. value
$24.1M
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
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
3
Lot
3.7 ac
Current owner
From public records · entity-resolved
H & F Water Dragon LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1707 DUKE ST, ALEXANDRIA, VA 22314-3408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Dec 26, 2012
$17,250,000
H & F Water Dragon LLC
Corporate Oaks Two LP
Grant Deed
—
—
—
H & F Water Dragon LLC
—
Deed Of Trust
related
$9,500,000 · John Marshall Bk
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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