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Property profile & analytics
FOR LEASE
Office buildings

1890 Preston White Dr Reston, VA 20191

31,260 SF 2.15 ac lot Built 1986
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US87-3972270
Property summary
AI-generated overview

This 2,359-square-foot medical office space is available for lease at 1890 Preston White Drive, Suite 260, Reston, VA 20191. Located within the Branches Office Park, this Class B building offers a highly desirable location along Sunrise Valley Drive, between Hunter Mill Road and Wiehle Avenue, providing convenient access to the Dulles Toll Road. The space boasts a prominent location with its own signage opportunity on Sunrise Valley Drive, a glass entrance directly off a single elevator, and three separate entries, making it ideal for medical or general office use. Built in 1986, the building features a total of 30,234 square feet and includes a VAV HVAC system ensuring climate control. Security is provided by a Kastle card reader system, allowing 24-hour access. The property sits on three acres of land and is zoned 1-3. The building's convenient location is further enhanced by its adjacency to a shopping center with a variety of restaurants and shops. A new build-out is available for this single-tenant space, which is offered at a rental rate of $25.00 per square foot per year.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction STEEL FRAME
Total area 31,260 SF
Lot 2.15 ac (93,763 SF)
Zoning code I-3(INDUST LIGHT INTENSIT
APN 027-1-16-05-0007-D
UPID US87-3972270
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.00M
Blend (final) Blend
$4.38M
Owner & transaction history
Ela Group LLC · 16 yrs held
Ela Group LLC
since 2009
7 recorded transactions
2016
Price N/A
2016
Price N/A
2011
Price N/A
2011
Price N/A
2009
$8.2M
2006
$8.6M
1969
Price N/A
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Reston, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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