Secure Class A Office
For Sale
$2,750,000
11490 COMMERCE PARK DRIVE Unit 340A, Reston, VA 20191
Class A office condo with secure 24/7 access, multiple entrances, and dedicated parking in Commerce Executive II.
Property Size12,535 SF
Price / SF$219.39
Days on Market498
Property Features for 11490 COMMERCE PARK DRIVE Unit 340A
General Information
Standard status
Active
Size
12,535 SF
Class
A
Total Parking Spaces
10
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$37,879
Amenities
private entrances
kitchenettes
conference rooms
workstations
24/7 secure access
elevator service
Building Details
Building Size
12,535 SF
Year Built
1984
Listing Agency:
Keller Williams Realty
Listed By:
Anne Nouri · License #0225215559
(703) 817-6499
Source:
Barnesrealestatecompany
Added: Jun 24, 2025
Changed: Oct 31
Last Checked: Nov 1 at 3:07PM
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
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Investment Insights
Based on property information with market context.
Located in Commerce Executive II, this Class A office condominium totals 12,535 square feet and was merged from four suites. The layout is flexible, with five secure private entrances and elevator service. Interior features include three fully-equipped kitchenettes, multiple conference rooms, and open collaborative workstations.
The property is metro-adjacent, with a stated six-minute walk to Wiehle-Reston East Metro (Silver Line) and direct Dulles Toll Road frontage. It is positioned with frontage on Sunrise Valley Drive. Parking includes ten dedicated spaces plus abundant visitor parking.
For owner-occupiers or investors, the association is described as covering utilities, janitorial services, exterior maintenance, landscaping, and professional on-site management. Access is provided with 24/7 secure entry, helping reduce day-to-day operating responsibilities.
The property is metro-adjacent, with a stated six-minute walk to Wiehle-Reston East Metro (Silver Line) and direct Dulles Toll Road frontage. It is positioned with frontage on Sunrise Valley Drive. Parking includes ten dedicated spaces plus abundant visitor parking.
For owner-occupiers or investors, the association is described as covering utilities, janitorial services, exterior maintenance, landscaping, and professional on-site management. Access is provided with 24/7 secure entry, helping reduce day-to-day operating responsibilities.
Key Highlights
- 12,535 SF Class A office condominium, built in 1984
- 6‑minute walk to Wiehle‑Reston East Metro (Silver Line) and has direct Dulles Toll Road frontage
- Merged from four suites but easily divisible; includes five secure private entrances and 24/7 secure access plus elevator service
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
$52.54M
$45.98M – $61.30M
NOI $3,678,051 @ 7.0% cap · market cap 133.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Class A office condo with secure 24/7 access, multiple entrances, and dedicated parking in Commerce Executive II.
Where is this office unit located?
The property is located at 11490 COMMERCE PARK DRIVE Unit 340A 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 Class A office condominium, built in 1984; 6‑minute walk to Wiehle‑Reston East Metro (Silver Line) and has direct Dulles Toll Road frontage; Merged from four suites but easily divisible; includes five secure private entrances and 24/7 secure access plus elevator service
