Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11648 Plaza America Dr Reston, VA 20190

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    165,000 SF shopping center in Reston, Virginia.

    Property size:
    11,963 SF
    Lot size:
    11,963 SF

    Property Features for 11648 Plaza America Dr

    General Information

    Standard status
    Active
    Size
    11,963 SF

    We can help!

    Listing Contact
    Michael Zacharia
    Source: Cbre

    Listing Agent: Michael Zacharia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Reston Shopping Center Retail Space

    This is a 165,000 square foot shopping center located in Reston, Virginia. The property is situated on Sunset Hills Road, just off of Reston Parkway, and is located minutes from the Dulles Toll Road and Wiehle-Reston Metro Station.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Reston Town Center, Plaza America, Plaza America Development Inc

    Location Insight

    • Map
    • Local Demand
    City
    Reston
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.3487115
    Latitude
    38.9514185

    Nearby Similar for Lease

    • $200 SF/Yr
      48,352 SF

      All-Inclusive Furnished Office in Reston

      Fully furnished office space with all-inclusive rent near Reston Metro.
      11890 Sunrise Valley Dr, Reston, VA 20191
      View Details
    • $3,050 /Mo

      Reston Office Suite For Lease

      Main-level office suite in Reston's premier Class A building.
      1801 Robert Fulton Dr, Reston, VA 20191
      View Details
    • $2,900 /Mo

      Reston Office Space Available

      First floor office unit with private rooms for lease.
      11862 Sunrise Valley Dr, Reston, VA 20191
      View Details
    • $400 /Mo

      Reston Office Space For Lease

      Single room office space near Reston Metro.
      11250 Roger Bacon Dr, Reston, VA 20190
      View Details
    • $3,700 /Mo
      196,456 SF

      Reston Office Space For Lease

      Office spaces available near Dulles Toll Road and Reston Town Center.
      1875 Campus Commons Dr, Reston, VA 20191
      View Details
    • $4,000 /Mo

      Office Space in Reston, VA

      Office space with abundant parking and easy access to amenities.
      1897 Preston White Dr, Reston, VA 20191
      View Details
    • $700 /Mo

      Reston Office Space Near Metro

      Single office spaces available near Reston Metro and Town Center.
      11250-#2 Roger Bacon Dr, Reston, VA 20190
      View Details
    • $500 /Mo

      Reston Office Space For Lease

      Single room office space near Reston Metro.
      11250 Roger Bacon Dr, Reston, VA 20190
      View Details
    • $24 SF/Yr

      Reston Office Suite for Lease

      1940 SF Reston office suite, ideal for various businesses.
      1801 Robert Fulton Dr, Reston, VA 20191
      View Details
    • Sponsored
      Contact for pricing

      Reston Town Center I

      Discover many ways to work your way in Reston Town Center I
      11921 Freedom Dr 2 Fountain Sq, Reston, VA 20190
      View Details
    • Contact for pricing

      Sunrise Valley

      Discover many ways to work your way in Sunrise Valley
      12020 Sunrise Valley Dr, Reston, VA 20191
      View Details
    • Contact for pricing

      Spaces Reston Station

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      1900 Reston Metro Plz, Reston, VA 20190
      View Details

    FAQs

    What type of property is this?
    Shopping center - 165,000 SF shopping center in Reston, Virginia.
    Where is this shopping center located?
    The property is located at 11648 Plaza America Dr Reston, VA.
    What are key features of this property?
    This property features: - 165,000 SF premier shopping center.; - Located in the heart of Reston, VA.; - On Sunset Hills Road.
    (202) 489-3815
    Request Owner's contact information
    11648 Plaza America Dr Reston, VA 20190
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11648 Plaza America Dr
    Reston, VA 20190
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11648 Plaza America Dr Reston, VA 20190
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Zacharia
    (202) 489-3815
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!