Class A Office
11490 COMMERCE PARK Drive, Reston, VA 20191
- Added:
- Jun 24, 2025
- Days on Market:
- 359
- Last Refresh:
- Jun 17 at 6:06 am
Property Features for 11490 COMMERCE PARK Drive
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 12
- Parking features
- Special Needs, Parking Lot
- 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
Located at 11490 Commerce Park Drive in Reston, this 12,535-square-foot Class A office condominium at Commerce Executive II is offered as an owner-occupier opportunity or for investment use. The space was merged from four suites and can be divided again, supporting either full occupancy or a multi-tenant configuration. Interior features include five secure private entrances, three fully-equipped kitchenettes, multiple conference rooms, and open collaborative workstations. The configuration also includes dedicated parking for 10 vehicles, along with visitor parking, and the building provides elevator service.
The property is described as Metro-adjacent, with a stated 6-minute walk to Wiehle-Reston East Metro on the Silver Line. The remarks further note direct frontage/access to the Dulles Toll Road and frontage on Sunrise Valley Drive. The surrounding area is identified as a hub for defense contractors and technology companies, with named nearby organizations including CACI, Booz Allen Hamilton, Leidos, General Dynamics, and General Dynamics. Additional nearby destinations mentioned include Reston Town Center, the Google campus, and Reston Hospital.
For tenants and buyers seeking an ownership structure with turnkey operations, the offering includes HOA coverage for utilities, janitorial services, exterior maintenance, landscaping, and professional on-site management, plus 24/7 secure access. The flexible, suite-divisible layout may suit companies looking to occupy their headquarters or investors looking to structure leasing around multiple entries and work areas.
The property is described as Metro-adjacent, with a stated 6-minute walk to Wiehle-Reston East Metro on the Silver Line. The remarks further note direct frontage/access to the Dulles Toll Road and frontage on Sunrise Valley Drive. The surrounding area is identified as a hub for defense contractors and technology companies, with named nearby organizations including CACI, Booz Allen Hamilton, Leidos, General Dynamics, and General Dynamics. Additional nearby destinations mentioned include Reston Town Center, the Google campus, and Reston Hospital.
For tenants and buyers seeking an ownership structure with turnkey operations, the offering includes HOA coverage for utilities, janitorial services, exterior maintenance, landscaping, and professional on-site management, plus 24/7 secure access. The flexible, suite-divisible layout may suit companies looking to occupy their headquarters or investors looking to structure leasing around multiple entries and work areas.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| 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 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
$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
- -77.3429
- Latitude
- 38.94632
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Turnkey, Metro-adjacent office condo with flexible suite layout and secure, 24/7 access.
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.
