Office Units with Flexible Suite
New
For Sale
Contact for pricing
950 Herndon Parkway, Herndon, VA 20170
Available suites span a range of sizes, from smaller offices to larger footprints.
Property Size93,750 SF
Price / SF$0.04
Days on Market3
Property Features for 950 Herndon Parkway
General Information
Standard status
Active
Size
93,750 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
858
Lease Term
36 Months
Additional Details
Highway Access
Yes
Amenities
Electric
Yes
No
Public
3.73
Assessor
Parking Lot
10
93750.00
Building Details
Year Built
1998
Listing Agency:
Samson Properties
(856) 222-0077
Listed By:
Ryan LeBon
Source:
Thetristaterealestategroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 7:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Samson Properties
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Investment Insights
Based on property information with market context.
Office units are available in sizes ranging from 2,118 to 11,470 square feet. The building was constructed in 1998 and sits at the corner of Herndon Parkway and Elden Street in downtown Herndon, Virginia.
The property offers access to the Dulles Toll Road, Route 28, Fairfax County Parkway, and Dulles International Airport. Shopping, dining, and entertainment are also nearby.
The property offers access to the Dulles Toll Road, Route 28, Fairfax County Parkway, and Dulles International Airport. Shopping, dining, and entertainment are also nearby.
Key Highlights
- Available office space ranges from 2,118 to 11,470 square feet
- Corner location at Herndon Parkway and Elden Street in downtown Herndon
- Access to the Dulles Toll Road, Route 28, and Fairfax County Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,774,659
Suggested Prices Based on Cap Rates
Cap Rate 5%
$35,493,180
$35.5M
Cap Rate 7%
$25,352,271
$25.4M
Cap Rate 9%
$19,718,433
$19.7M
Market Conditions
NOI Build-Up for 93,750 SF
Gross rent
$2.77M $29.52/SF
− Vacancy
−$401.3K −$4.28/SF
EGI
$2.37M $25.24/SF
− OpEx
−$591.6K −$6.31/SF
NOI
$1.77M $18.93/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$35,493,180
Cap Rate 7%
$25,352,271
Cap Rate 9%
$19,718,433
Alternative Uses
Best Use
Office B
$25.35M
$22.18M – $29.58M
NOI $1,774,659 @ 7.0% cap · market cap 45,504.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$392.98M
$343.85M – $458.47M
NOI $27,508,359 @ 7.0% cap · market cap 705,342.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 20170, VA
42,756
Population
14,084
Households
3
Avg Household Size
36
Median Age
57%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,859
Density / Sq Mi
$157,875
Median Household Income
$59,119
Median Earnings
$2,224
Median Rent
$625,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Available suites span a range of sizes, from smaller offices to larger footprints.
Where is this office units located?
The property is located at 950 Herndon Parkway Herndon, VA.
What are key features of this property?
This property features: Available office space ranges from 2,118 to 11,470 square feet; Corner location at Herndon Parkway and Elden Street in downtown Herndon; Access to the Dulles Toll Road, Route 28, and Fairfax County Parkway
