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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
761st Monroe St, Herndon, VA 20170-4670
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0444445
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
2,576 SF
Lot
0.12 ac (5,381 SF)
Zoning code
CCD(CENTRAL COM SHOP/OFF
APN
016-2-02-0275-B
UPID
US87-0444445
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
$685k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$785k
Owner & transaction history
Monroe Street Holdings LLC · 3 yrs held
Monroe Street Holdings LLC
since 2023
Last sale
$780,000
6 recorded transactions
Zoning & alternative use
CCD(CENTRAL COM SHOP/OFF · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+62.0%
Neighborhood: shopping center
$950,000
+31.5%
Auto repair, garage
$860,000
+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
$760,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$720,000
Current use
COMMERCIAL (GENERAL)
$1,170,000
Change: +62% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$755,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $780k (Apr 27 2023)
Last sale anchor
$780k
Apr 27 2023
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
$305 / 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
$11,029
Tax year 2024
Assessed value
$714,560
Assessed 2024
Previous assessed
$562,270
+27.1% YoY
Effective rate
1.54%
On assessed value
Assessed land
$187,260
Assessed improvement
$527,300
Land market value
$187,260
Improvement market value
$527,300
Total market value
$714,560
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
Heating
NONE
Stories
2
Total area
2,576 SF
Lot
0.12 ac (5,381 SF)
Zoning code
CCD(CENTRAL COM SHOP/OFF
APN
016-2-02-0275-B
UPID
US87-0444445
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CCD(CENTRAL COM SHOP/OFF · Herndon, VA
Zoning CCD(CENTRAL COM SHOP/OFF · permitted uses
CCD(CENTRAL COM SHOP/OFF · 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
$720,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$755,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
NONE
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Monroe Street Holdings LLC
Entity
Mailing address
761 MONROE STC, HERNDON, VA 20170-4645
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
$780,000
Monroe Street Holdings LLC
The Par Team LLC
Warranty Deed
$561,000 · Sandy Spring Bank
Apr 27, 2023
—
The Par Team LLC
Mcgrath Herndon Holdings LLC
Correction Deed
related
—
Mar 11, 2021
$600,000
The Par Team LLC
Mcgrath Herndon Holding LLC
Special Warranty Deed
$540,000 · Mcgrath Herndon Holdings LLC
Apr 5, 2013
—
Mcgrath Herndon Holdings LLC
Mcgrath,timothy E
Quit Claim Deed
related
$328,000 · Virginia Heritage Bank
Nov 3, 2006
—
Ranier Holdings LLC
Partridge,john H & Catherine W
Grant Deed
related
$930,000 · Gaffken & Barriger Funding LLC
—
—
John H Partridge
—
Deed Of Trust
related
$70,000 · Sfc LLC
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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