196 Van Buren StHerndon, VA 20170

Property Details for 196 Van Buren St

Year built

1990

Construction

STEEL FRAME

Lot size

3.60 AC

Property size (Sq ft)

107,898 SF

Zone code

PD-T(PLANNED DEV-TRANSIT)

Property type

Office properties

Property subtype

Office buildings

APN

016-4-02-0025-A

APU

0164020025A

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $26,400,388

  6.5%

  $24,369,588

  7%

  $22,628,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,573,126

  Geo Method

  $21,573,126

• Alternative Use

  Use

  Valuation

  Residential

  $30,218,290

  Hospitality

  $27,679,792

  Educational

  $23,029,262

  Medical

  $23,821,272

  Retail

  $35,823,296

Location Insight

City

Herndon

County

Fairfax

State

Virginia

Latitude

38.9542

Longitude

-77.3874

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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