462 Herndon PkwyHerndon, VA 20170

Property Details for 462 Herndon Pkwy

Year built

1988

Construction

CONCRETE BLOCKS

Property size (Sq ft)

973 SF

Zone code

O&L I(OFFICE &LIGHT INDUS

Property type

Office properties

Property subtype

Other office properties

APN

016-4-13-0108-B

APU

0164130108B

Description

This 1,946 square foot office condo, located at 462 Herndon Parkway Unit 201 in Herndon, Virginia, presents a fantastic opportunity. Situated on the second floor of a well-maintained two-story brick building, this unit boasts a desirable end-unit location with abundant natural light from windows on three sides. The space is freshly painted and features two recently replaced (December 2022) separate heat pumps, ensuring efficient climate control. The unit includes a private bathroom and shares a common private entrance with Unit 202. Zoned for Office and Light Industrial use, it's suitable for general office or medical office applications. Conveniently located within minutes of the Herndon Metro Station, Dulles Toll Road (Rt. 267), Fairfax County Parkway (Rt. 286), Dulles International Airport, Reston Town Center, and downtown Herndon, this property offers unparalleled accessibility. Ample and convenient parking is available. The Springwood Office Center provides on-site trash and recycling services. The monthly condo fee of $542 covers trash, recycling, water, sewer, parking lot maintenance, exterior maintenance, and management. Owner financing is available, making this an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $238,073

  6.5%

  $219,760

  7%

  $204,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $194,542

  Geo Method

  $194,542

• Alternative Use

  Use

  Valuation

  Residential

  $272,502

  Hospitality

  $249,610

  Educational

  $207,673

  Medical

  $214,815

  Retail

  $323,046

Location Insight

City

Herndon

County

Fairfax

State

Virginia

Latitude

38.9576

Longitude

-77.3768

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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