Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    149 Spring St Herndon, VA 20170

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Ground lease or build-to-suit pad site in Herndon, VA.

    Lot size:
    0.41 Acres

    Property Features for 149 Spring St

    General Information

    Lot size
    0.41 Acres

    We can help!

    Listing Contact
    Kayvan Mehrbakhsh
    Kayvan Mehrbakhsh
    Source: Moodyscre

    Listing Agent: Kayvan Mehrbakhsh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Herndon Pad Site For Lease

    This ground lease or build-to-suit pad site is located in Herndon, Virginia. The site is approximately 0.41 acres and offers excellent visibility. Its location provides convenient access to the Silver Line Metro, Dulles Toll Road, and Fairfax County Parkway. The property is suitable for various uses, including office, medical, light industrial, and retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.3737892
    Latitude
    38.9583832

    Nearby Similar for Lease

    • $4,500 /Mo

      Restaurant Space in Herndon, VA

      Prime restaurant space with special zoning approval in Herndon.
      1031 Sterling Rd, Herndon, VA 20170
      View Details
    • $550 /Mo
      871 SF

      Renovated Herndon Office Suite

      Bright, renovated office suite in Herndon, suitable for small businesses.
      722 Grant St, Herndon, VA 20170
      View Details
    • $3,900 /Mo
      162,479 SF

      Herndon Office Space For Lease

      Office spaces available in Herndon, Virginia, with ample parking.
      950 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Contact for pricing
      26,000 SF

      Herndon Office and Retail Development

      Office and retail spaces with modern amenities near Herndon Metro.
      Woodland Vw Dr, Herndon, VA
      View Details
    • Contact for pricing
      90,000 SF

      Dulles Technology Center Office Park

      Seven-building office park in Dulles Corridor with large floor plans.
      13665 Dulles Technology Dr, Herndon, VA 20171
      View Details
    • $36 SF/Yr
      22,731 SF

      Class A Office Building Space

      Premier office space in Herndon, near future Metrorail.
      2300 Dulles Station Blvd, Herndon, VA 20171
      View Details
    • $1,900 /Mo

      Updated Condo in Gated Community

      Bright, updated one-bedroom condo with balcony and community amenities.
      12945 Ctr Park Cir Cir, Herndon, VA 20171
      View Details
    • Contact for pricing
      32,250 SF

      Class A Office Building

      Six-story Class A office building in Dulles Corridor.
      2200 Ferdinand Porsche Dr, Herndon, VA 20171
      View Details
    • $33 SF/Yr
      38,167 SF

      Premium Office Space with Amenities

      High-quality office space with modern amenities near Innovation Center Metro.
      13665 Dulles Technology Dr, Herndon, VA 20171
      View Details
    • $600 /Mo

      Renovated Office Space Available

      Professional office space in a great location, close to metro.
      464 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Contact for pricing
      22,103 SF

      Herndon Office Space For Rent

      Office space in Dulles Corner Park with convenient access.
      2340 Dulles Corner Blvd, Herndon, VA 20171
      View Details
    • Contact for pricing
      20,173 SF

      Herndon Office Building with Amenities

      High-quality office building with lake views and comprehensive amenities.
      2201 Cooperative Way, Herndon, VA 20171
      View Details

    FAQs

    What type of property is this?
    Commercial land - Ground lease or build-to-suit pad site in Herndon, VA.
    Where is this commercial land located?
    The property is located at 149 Spring St Herndon, VA.
    What are key features of this property?
    This property features: - Excellent location with access to Silver Line Metro, Dulles Toll Rd., and Fairfax County Pkwy.; - Ground Lease/Build to Suit Pad Site; - Many potential uses: Office, Medical, Light Industrial, and Retail.
    (703) 734-2822
    Request Owner's contact information
    149 Spring St Herndon, VA 20170
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    149 Spring St
    Herndon, VA 20170
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    149 Spring St Herndon, VA 20170
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kayvan Mehrbakhsh
    Kayvan Mehrbakhsh
    (703) 734-2822
    Learn more
    Google sign-in failed. Please try again or use another login method.