Reston Office Space For
For Sale
$299,000
11864 Sunrise Valley Dr Unit 201, Reston, VA 20191
Spacious Reston office with ample parking and natural light.
Property Size1,200 SF
Price / SF$249.17
Days on Market194
Property Features for 11864 Sunrise Valley Dr Unit 201
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
1981
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
L. Shane S Keaton
(703) 479-5223
Source:
Tbhteam
Added: Apr 9
Changed: Oct 14
Last Checked: Oct 7 at 4:21PM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This professional office space is located in Reston. The office features large windows that provide natural light, creating a vibrant and inviting atmosphere designed for efficiency and productivity. Two updated restrooms are available. Ample parking enhances accessibility for employees and clients. The property is easily accessible and surrounded by amenities, including dining, shopping, and essential services. It is located close to Dulles Airport, Metro, and bus stops. The bike score is 75, making it very bikeable, and the walk score is 71, indicating it is very walkable. The transit score is 46, indicating some transit options are available. This versatile space is suitable for a range of professional uses.
Key Highlights
- Prime location in the heart of Reston, surrounded by dining, shopping, and essential services.
- Ample parking for employees and clients.
- Large windows providing abundant natural light, creating a vibrant and productive workspace.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,716
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,320
$454.3K
Cap Rate 7%
$324,514
$324.5K
Cap Rate 9%
$252,400
$252.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$35.4K $29.52/SF
− Vacancy
−$5.1K −$4.28/SF
EGI
$30.3K $25.24/SF
− OpEx
−$7.6K −$6.31/SF
NOI
$22.7K $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%
$454,320
Cap Rate 7%
$324,514
Cap Rate 9%
$252,400
Alternative Uses
Best Use
Office B
$324.5K
$284.0K – $378.6K
NOI $22,716 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.03M
$4.40M – $5.87M
NOI $352,107 @ 7.0% cap · market cap 117.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,837
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Spacious Reston office with ample parking and natural light.
Where is this office units located?
The property is located at 11864 Sunrise Valley Dr Unit 201 Reston, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime location in the heart of Reston, surrounded by dining, shopping, and essential services.; Ample parking for employees and clients.; Large windows providing abundant natural light, creating a vibrant and productive workspace.
