Financial
Distress signals
Property profile

196 Van Buren St Herndon, VA 20170

FOR LEASE
Office buildings
Property ID
US87-1304069
107,898 SF 3.6 ac lot Built 1990
Last sale Aug 2022 · $17,820,800
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$150k
Tax billed · 2024
Assessed value$8.82M
Assessed land$6.59M
Assessed improvement$2.23M
Effective rate1.70%

Value estimate

· Sep 2026
$18.73M
$16.85M – $20.60M
AI approach$10.87M
Sales comparison$15.41M
NOI build-up
Gross scheduled income$2.16M
Vacancy & credit loss−$313k
Operating expenses−$462k
NOI · 4,658,806.72% cap applied$1.39M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$280/SF
ZIP average, outlier-cleaned · 66 recorded sales of this use type
Observed band · Q1–Q3$230 – $346
Qualifying comparables11

Cap rate analysis

How does the asset earn?
4,658,806.72%
$1.39M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PD-T(PLANNED DEV-TRANSIT)
JurisdictionFAIRFAX

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply29.7
Auto Repair Shop22.3
Auto Parts Store22.1

Location

196 Van Buren St Herndon, VA 20170
County assessor Recorded deeds · 5 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
381 Elden, Herndon, VA 20170-4879 $8,850,000 Jul 2025 184,600 SF
12851 Worldgate, Herndon, VA 20170-4385 $26,200,000 Nov 2024 169,332 SF
12801 Worldgate, Herndon, VA 20170-4393 $26,200,000 Nov 2024 175,586 SF
194 Van Buren, Herndon, VA 20170 $14,179,200 Aug 2022 107,898 SF
460 Springpark, Herndon, VA 20170-5272 $20,375,000 Feb 2021 63,912 SF
12975 Worldgate, Herndon, VA 20170-6008 $49,801,340 Sep 2020 177,980 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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