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Property profile & analytics

196 Van Buren St Herndon, VA 20170

  • Office buildings
  • 107,898 SF
  • 3.60 lot acres
For Sale
Last Sale
Aug 18, 2022
$17,820,800
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-1304069
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • 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
    Market price range: $24.8M - $37.3M
    AI Estimate
    $15,405,000
    Market price range: $15.4M - $30.7M

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$150,200
$6,586,990
$2,230,160
$8,817,150
-
$6,586,990
$2,230,160
$8,817,150
More about this property
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