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Financial
Distress signals
Property profile

470 Springpark Pl Herndon, VA 20170

FOR LEASE
Office buildings
Property ID
US87-1504974
2.71 ac lot
Last sale Jun 2025 · $26,500,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$143k
Tax billed · 2024
Assessed value$8.42M
Assessed land$1.06M
Assessed improvement$7.35M
Effective rate1.70%

Value estimate

· Oct 2026
$21.90M
$19.71M – $24.08M
NOI build-up
Gross scheduled income$148k
Vacancy & credit loss−$21k
Operating expenses−$32k
NOI · 338,032.14% cap applied$95k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
338,032.14%
$95k 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-SC(PLANNED DEV SHOP CE
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 Supply25.5
Auto Repair Shop21.5
Auto Parts Store21.3

Location

470 Springpark Pl Herndon, VA 20170
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1099 Elden, Herndon, VA 20170-3802 $2,170,000 Jan 2026 2,571 SF
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
12930 Worldgate, Herndon, VA 20170-6011 $40,000,000 Oct 2024 202,001 SF
625 Elden, Herndon, VA 20170-4738 $2,650,000 Mar 2024 23,604 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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