Office Condo Near Metro
11250 ROGER BACON Dr 3, Reston, VA 20190
For Sale
$697,000
Three-level office condo with balcony near Reston-Wiehle Metro.
Property Size3,000 SF
Price / SF$232.33
Days on Market244
Property Features for 11250 ROGER BACON Dr 3
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Doorstep Property Management, LLC
Listed By:
David H Sande · License #0225218873
(703) 860-1500
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 3:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Doorstep Property Management, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an opportunity to invest in an office condo located near the Reston-Wiehle Metro stop. The three-level building offers almost 3000 square feet of space and includes a balcony that overlooks a courtyard. The layout features multiple private offices. The property provides easy access to major roads, including Dulles Access Road, Dulles Toll Road, Route 7, and Fairfax County Parkway. A wide array of restaurants, services, housing options, and shopping destinations are located in close proximity. The building's layout allows for renting individual offices or entire floors.
Key Highlights
- Prime location near Reston‑Wiehle Metro stop.
- Versatile three‑level office condo with approximately 3000 sqft.
- Income potential: Layout supports renting individual offices or entire floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,789
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,780
$1.1M
Cap Rate 7%
$811,271
$811.3K
Cap Rate 9%
$630,989
$631.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$88.6K $29.52/SF
− Vacancy
−$12.8K −$4.28/SF
EGI
$75.7K $25.24/SF
− OpEx
−$18.9K −$6.31/SF
NOI
$56.8K $18.93/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,780
Cap Rate 7%
$811,271
Cap Rate 9%
$630,989
Alternative Uses
Best Use
Office B
$811.3K
$709.9K – $946.5K
NOI $56,789 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Reston, VA
Properties on Market for Office Units in Reston
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Three-level office condo with balcony near Reston-Wiehle Metro.
Where is this office unit located?
The property is located at 11250 ROGER BACON Dr 3 Reston, VA.
What is the asking price?
The asking price for this property is $697,000.
What are key features of this property?
This property features: Prime location near Reston‑Wiehle Metro stop.; Versatile three‑level office condo with approximately 3000 sqft.; Income potential: Layout supports renting individual offices or entire floors.
