Reston Class A Office
11490 COMMERCE PARK Drive, Reston, VA 20191
- Added:
- Jun 24, 2025
- Days on Market:
- 334
- Last Refresh:
- May 23 at 8:06 pm
Property Features for 11490 COMMERCE PARK Drive
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 12
- Parking features
- Parking Lot, Special Needs
- Standard status
- Active
- Size
- 12,535 SF
Taxes and HOA fees
- Tax Annual Amount
- 37879
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1984
Listing agent Anne Nouri License #0225215559 (703) 817-6499
Listing office Keller Williams Realty 6820 ELM Street, McLean, VA (703) 636-7300
Listing date Jun 24, 2025
MLS# VAFX2249966
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Below Replacement Cost: Offered at $2,750,000 ($219/SF), significantly below replacement and current Class A construction costs.
- Strategic Metro‑Adjacent Location: Just a 6‑minute walk to Wiehle‑Reston East Metro (Silver Line) with direct Dulles Toll Road frontage.
- Ideal for Owner‑Occupier or Investor: Flexibility to occupy the full 12,535 SF space or lease a portion; easily divisible for multi‑tenant investment.
- Turnkey & Flexible Space: Features five secure private entrances, three fully‑equipped kitchenettes, multiple conference rooms, and open collaborative workstations.
- Zero Operating Headaches: HOA covers all utilities, janitorial services, exterior maintenance, landscaping, and professional on‑site management.
- Proximity to Industry Leaders: Surrounded by major defense contractors and technology companies.
Overview
This 12,535 square foot Class A office condominium in Commerce Executive II, located in Reston, VA, presents an opportunity for owner-occupiers. Suited for defense contractors, government services firms, or professional practices, the property allows companies to own their headquarters with the option to occupy the entire space or lease a portion. The location is a 6-minute walk to Wiehle-Reston East Metro (Silver Line) and has direct Dulles Toll Road frontage. The property is near Reston Town Center, Google campus, and Reston Hospital, and is surrounded by major defense contractors and technology companies. The space, merged from four suites but easily divisible, is suitable for multi-tenant investment. It features five secure private entrances, three fully-equipped kitchenettes, multiple conference rooms, open collaborative workstations, and ten dedicated parking spaces with visitor parking. The Homeowner's Association (HOA) covers all utilities, janitorial services, exterior maintenance, landscaping, and professional on-site management. The property includes 24/7 secure access and elevator service. It is located steps from Wiehle-Reston East Metro (Silver Line) with frontage on Sunrise Valley Drive and direct Dulles Toll Road access. It is ideal for companies requiring 8,000 to 15,000 square feet or investors seeking value-add opportunities.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.64M
NOI $237,284 @ 9.00% cap · cautious / downside scenario
Moderate
$3.39M
NOI $237,284 @ 7.00% cap · market / base-case scenario
Aggressive
$4.75M
NOI $237,284 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $370.0k | $29.52 |
| − Vacancy | −$53.7k | −$4.28 |
| EGI | $316.4k | $25.24 |
| − OpEx | −$79.1k | −$6.31 |
| NOI | $237.3k | $18.93 |
12,535 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.39M
$2.97M – $3.95M
NOI $237,284 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.58M
NOI $274,987 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Reston
- County
- Loudoun
- State
- Virginia
- Longitude
- -77.3428296
- Latitude
- 38.9464377
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Class A office condo near Wiehle-Reston East Metro.
Where is this office building located?
The property is located at 11490 COMMERCE PARK Drive Reston, VA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Below Replacement Cost: Offered at $2,750,000 ($219/SF), significantly below replacement and current Class A construction costs.; Strategic Metro‑Adjacent Location: Just a 6‑minute walk to Wiehle‑Reston East Metro (Silver Line) with direct Dulles Toll Road frontage.; Ideal for Owner‑Occupier or Investor: Flexibility to occupy the full 12,535 SF space or lease a portion; easily divisible for multi‑tenant investment.
