196 Van Buren St Herndon, VA 20170
- Office buildings
- 107,898 SF
- 3.60 lot acres
Current Use by Public Records
- Brandywine Realty Trust / Real Estate Agency
- POMS Corporation / Software Company / Computer Consultant
- ViON / Computer Consultant / Computer Service
- Vision It / Temp Agency
- Capital Rail Constructors / Construction Company
Property Details for 196 Van Buren St
- Year built
- 1990
- Construction
- STEEL FRAME
- Lot size
- 3.60 lot acres
- Property size
- 107,898 SF
- Zone code
- PD-T(PLANNED DEV-TRANSIT)
- Property type
- Office buildings
- APN
- 016-4-02-0025-A
- APU
- 0164020025A
Description
This exceptional office property, located at 196 Van Buren Street in Herndon, Virginia, presents a unique opportunity for businesses seeking convenient and well-equipped workspace. Situated directly adjacent to the Herndon Metro Station, this location offers unparalleled accessibility for employees and clients utilizing public transportation. The property sits on a generous 3.6-acre lot, providing ample space and potential for future expansion or development. A significant advantage for larger tenants is the potential for prominent toll road signage, enhancing visibility and brand recognition. The building itself boasts a range of attractive amenities designed to enhance tenant comfort and productivity. These include a fully equipped conference center, ideal for meetings and presentations, and a state-of-the-art fitness center, promoting employee well-being. Furthermore, abundant free parking is available, eliminating the hassle and expense associated with parking in a high-demand area. This combination of prime location, extensive amenities, and significant parking makes this Herndon office building an exceptional investment opportunity. The property's size and location offer significant potential for a variety of businesses seeking a strategic and convenient location in the thriving Herndon market. The potential for toll road signage adds further value for businesses seeking maximum brand exposure.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $18,725,000
- ML approach
- $10,865,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $25,685,000
- 6.5%
- $23,710,000
- 7%
- $22,015,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $24,829,000
- AI Estimate
- $15,405,000
Market price range: $24.8M - $37.3MMarket price range: $15.4M - $30.7M
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Location Insight
- Map
- Local Demand
- City
- Herndon
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.3874
- Latitude
- 38.9542
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA