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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Strip malls
700 Lynn St Sta A Herndon, VA 20170-4601
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-2368301
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
3,414 SF
Lot
0.06 ac (2,410 SF)
Zoning code
PD-TD(PLANNED DEV-TRAD DW
APN
016-2-51-0001
UPID
US87-2368301
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Lrs Herndon LLC · 6 yrs held
Lrs Herndon LLC
since 2019
4 recorded transactions
Zoning & alternative use
PD-TD(PLANNED DEV-TRAD DW · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$187 / 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
$22,672
Tax year 2024
Assessed value
$1,468,850
Assessed 2024
Previous assessed
$1,390,810
+5.6% YoY
Effective rate
1.54%
On assessed value
Assessed land
$175,000
Assessed improvement
$1,293,850
Land market value
$175,000
Improvement market value
$1,293,850
Total market value
$1,468,850
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
Stories
2
Total area
3,414 SF
Lot
0.06 ac (2,410 SF)
Zoning code
PD-TD(PLANNED DEV-TRAD DW
APN
016-2-51-0001
UPID
US87-2368301
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PD-TD(PLANNED DEV-TRAD DW · Herndon, VAZoning PD-TD(PLANNED DEV-TRAD DW · permitted uses
PD-TD(PLANNED DEV-TRAD DW · Herndon, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Lrs Herndon LLC
Entity
Mailing address
700 LYNN STA, HERNDON, VA 20170-4601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Dec 4, 2019
$1,285,000
Lrs Herndon LLC
700 Lynn LLC
Grant Deed
$1,412,000 · Branch Bk&tr
Nov 28, 2018
—
700 Lynn LLC
—
Deed
related
$479,735 · Eagle Bank
Nov 26, 2018
$685,000
700 Lynn LLC
Junction Square LLC
Bargain And Sale Deed
$685,000 · Mainstreet Bank
—
—
700 Lynn LLC
—
Deed Of Trust
related
$479,735 · Eagle 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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