950 Herndon PkwyHerndon, VA 20170

Property Details for 950 Herndon Pkwy

Year built

1987

Construction

STEEL FRAME

Lot size

3.73 AC

Property size (Sq ft)

93,750 SF

Zone code

CO(COMMERCIAL OFFICE)

Property type

Office properties

Property subtype

Office buildings

APN

016-1-02-0018-A

APU

0161020018A

Description

This four-story, Class B office building at 950 Herndon Parkway, Herndon, VA 20170, offers 92,663 square feet of space, with suites ranging from 1,733 to 11,470 contiguous square feet. Currently, 23,815 square feet are vacant. Built in 1987 and renovated in 2015, the property features a 50-foot ceiling height, two hydraulic elevators, and ample parking (3.3 spaces per 1,000 square feet). The building boasts a Class A lobby and convenient on-site PNC Bank with a drive-thru. Located at the prominent corner of Herndon Parkway and Elden Street, it offers easy access to Dulles, Herndon, and Reston. The 4.58-acre lot is zoned CO and provides heavy power capabilities. This multi-tenant building presents a unique opportunity for businesses seeking executive or medical office space in a highly desirable Herndon location. Spec suites and plug-and-play options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $22,938,668

  6.5%

  $21,174,154

  7%

  $19,661,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,744,376

  Geo Method

  $18,744,376

• Alternative Use

  Use

  Valuation

  Residential

  $26,255,952

  Hospitality

  $24,050,310

  Educational

  $20,009,576

  Medical

  $20,697,736

  Retail

  $31,126,008

Location Insight

City

Herndon

County

Fairfax

State

Virginia

Latitude

38.9629

Longitude

-77.3979

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].