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Property profile & analytics
OFF-MARKET
Office Spaces
8985 Hersand Dr 9 Burke, VA 22015-1680
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0374004
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1978
Construction
CONCRETE BLOCKS
Zoning code
C-2(LIMITED OFFICE)
APN
069-4-16-0009
UPID
US87-0374004
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
by Request
Owner & transaction history
Jason H Lee · 20 yrs held
Jason H Lee
since 2006
5 recorded transactions
Zoning & alternative use
C-2(LIMITED OFFICE) · Burke, 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 Burke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burke 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
—
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
$5,693
Tax year 2024
Assessed value
$443,520
Assessed 2024
Previous assessed
$463,680
-4.3% YoY
Effective rate
1.28%
On assessed value
Assessed land
$88,700
Assessed improvement
$354,820
Land market value
$88,700
Improvement market value
$354,820
Total market value
$443,520
Applied tax rate
3.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1978
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
YES
Stories
2
Bathrooms
1
Zoning code
C-2(LIMITED OFFICE)
APN
069-4-16-0009
UPID
US87-0374004
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-2(LIMITED OFFICE) · Burke, VA
Zoning C-2(LIMITED OFFICE) · permitted uses
C-2(LIMITED OFFICE) · Burke, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burke. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
1
Current owner
From public records · entity-resolved
Jason H Lee
Individual
Free & Clear · 20 yrs held
Mailing address
3788 PERSIMMON CIR, FAIRFAX, VA 22031-4117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Hair Zone INC
—
Deed
related
$363,750 · Atlantic Union Bk
Jun 13, 2006
$10
Jason H Lee
Lee,eun Y
Grant Deed
related
—
May 16, 2006
$10
Eun Y Chung
Lee,jason H
Grant Deed
related
—
Jun 24, 2005
$525,000
Jason H Lee
Abraham,abebe
Grant Deed
$377,000 · Greenpoint Mortgage Funding
Feb 23, 2004
$400,000
Abraham Abebe
Ehlman,william G & Carolyn J
Grant Deed
$320,000 · Prosperity Bank
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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