Office Condominium Near
11490 COMMERCE PARK Drive, Reston, VA 20191
For Sale
$2,750,000
Commercial Sale, RESTON, VA
Property Size12,535 SF
Price / SF$219.39
Days on Market504
Property Features for 11490 COMMERCE PARK Drive
General Information
Property type
Property subtype
Parking
Parking features
Elementary school district
Middle school district
High school district
Standard status
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
kitchenettes
conference rooms
collaborative workstations
private entrances
24/7 secure access
on-site management
Building Details
Year built
Buildings
Listing Agency:
Keller Williams Realty
(703) 636-7300
Listed By:
Anne Nouri · License #0225215559
(703) 817-6499
Added: Jun 24, 2025
Changed: Oct 27
Last Checked: Nov 9 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
This 12,535 SF office condominium at 11490 Commerce Park Drive combines four merged suites within Commerce Executive II. The layout includes five private entrances, three equipped kitchenettes, multiple conference rooms, and open collaborative work areas. Ten dedicated parking spaces are provided, along with additional visitor parking. Built in 1984, the property offers 24/7 secure access and elevator service.
Wiehle-Reston East Metro on the Silver Line is a 6-minute walk away, while the property also has frontage on Sunrise Valley Drive and direct access to the Dulles Toll Road. Reston Town Center, the Google campus, Reston Hospital, and Dulles International Airport are within the surrounding Reston/Herndon corridor. The HOA covers utilities, janitorial service, exterior maintenance, landscaping, and professional on-site management.
Wiehle-Reston East Metro on the Silver Line is a 6-minute walk away, while the property also has frontage on Sunrise Valley Drive and direct access to the Dulles Toll Road. Reston Town Center, the Google campus, Reston Hospital, and Dulles International Airport are within the surrounding Reston/Herndon corridor. The HOA covers utilities, janitorial service, exterior maintenance, landscaping, and professional on-site management.
Key Highlights
- 12,535 SF office condominium created from four merged suites
- Five secure private entrances and three fully equipped kitchenettes
- Multiple conference rooms and open collaborative workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$237,284
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,745,680
$4.7M
Cap Rate 7%
$3,389,771
$3.4M
Cap Rate 9%
$2,636,489
$2.6M
Market Conditions
NOI Build-Up for 12,535 SF
Gross rent
$370.0K $29.52/SF
− Vacancy
−$53.7K −$4.28/SF
EGI
$316.4K $25.24/SF
− OpEx
−$79.1K −$6.31/SF
NOI
$237.3K $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%
$4,745,680
Cap Rate 7%
$3,389,771
Cap Rate 9%
$2,636,489
Alternative Uses
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
$6.96M
$6.09M – $8.12M
NOI $487,361 @ 7.0% cap · market cap 17.72%
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
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,350
Businesses Nearby
Explore this area
Business Placement
Demographics for 20191, VA
29,948
Population
12,744
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
93%
High-School Grad
7.8 sq mi
ZIP Area
3,839
Density / Sq Mi
$141,019
Median Household Income
$62,313
Median Earnings
$1,983
Median Rent
$616,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Flexible multi-suite configuration supports owner occupancy or partial leasing.
Where is this office unit 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: 12,535 SF office condominium created from four merged suites; Five secure private entrances and three fully equipped kitchenettes; Multiple conference rooms and open collaborative workstations
