11490 Commerce Park Drive Unit 340A, Reston, VA 20191
Class A office condo with secure entrances, conference space, kitchenettes, and HOA-covered operating services.
- Added:
- Jun 9, 2025
- Days on Market:
- 371
- Last Refresh:
- Jun 14 at 1:51 am
Property Features for 11490 Commerce Park Drive Unit 340A
General Information
- Standard status
- Active
- Size
- 12,535 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agent Anne Nouri License #0225215559 (703) 817-6499
Listing office Keller Williams Realty (703) 817-6499
Listing date Jun 9, 2025
Source Xome
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 Keller Williams Realty
HighLights
- 12,535 SF Class A office condominium, built in 1984, offered at $2,750,000 ($219/SF)
- 5 secure private entrances plus 24/7 secure access and elevator service
- 3 fully‑equipped kitchenettes and multiple conference rooms with open collaborative workstations
- HOA covers utilities, janitorial services, exterior maintenance, landscaping, and professional on‑site management
- 10 dedicated parking spaces with lighted lot plus handicap parking and visitor parking
- Zoned I‑3 with direct Dulles Toll Road frontage and a 6‑minute walk to Wiehle‑Reston East Metro (Silver Line)
Overview
The property is located within close proximity to transit and major roadway access, with a reported 6-minute walk to Wiehle-Reston East Metro (Silver Line). It also features direct Dulles Toll Road frontage and is described as steps from Sunrise Valley Drive, providing convenient regional connectivity in the Reston/Herndon corridor.
Designed for owner-occupiers and investors seeking flexibility, the layout can support occupying the full space or leasing a portion to help offset carrying costs. Ten dedicated parking spaces plus visitor parking support client and employee access. Operating responsibilities are managed through the HOA, which covers utilities, janitorial services, exterior maintenance, landscaping, and professional on-site management—reducing day-to-day ownership burdens for a headquarters, professional practice, or defense- and government-facing tenant requiring secure, amenity-supported office space.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Reston
- County
- Loudoun
- State
- Virginia
- Longitude
- -77.3428296
- Latitude
- 38.9464377
