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
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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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 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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction STEEL FRAME
Total area 107,898 SF
Lot 3.6 ac (156,833 SF)
Zoning code PD-T(PLANNED DEV-TRANSIT)
APN 016-4-02-0025-A
UPID US87-1304069

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • (Bike/Boat/Book/etc) Store Corporate Office
  • IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Employment Agency
  • Construction Company

Location

196 Van Buren St Herndon, VA 20170
Herndon metro Census 480902 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.87M
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.41M
Blend (final) Blend
$18.73M

Owner & transaction history

since 2022
Last sale
$17.8M
5 recorded transactions
2022
$17.8M
2016
Price N/A
2016
$44.5M
2005
$51.5M
1969
Price N/A

Zoning & alternative use

PD-T(PLANNED DEV-TRANSIT) · Herndon, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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