Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Reston Office Space for Lease Title is generated by Realmo AI

    10701 Parkridge Blvd, Reston, VA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space in Reston with tenant amenities and parking.

    Type:OFFICE
    Property size:
    26,748 SF
    Lot size:
    7.21 Acres
    Added:
    Apr 9, 2024
    Days on Market:
    783
    Last Refresh:
    May 20 at 9:29 pm

    Property Features for 10701 Parkridge Blvd

    General Information

    Standard status
    Active
    Size
    26,748 SF
    Lot size
    7.21 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 10701 Parkridge Blvd Contact us

    We can help!

    Listing Contact
    Eamon McCrann

    Listing agent Eamon McCrann

    Listing office Lincoln Property Company | Arlington

    Listing date Apr 9, 2024

    Source Moodyscre

    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 Lincoln Property Company | Arlington

    HighLights

    • Direct access to Dulles Toll Road and close proximity to Dulles International Airport, Tysons Corner, and Wiehle‑Reston East Metro
    • Tenant‑only conference/amenity center and micro‑deli recently delivered
    • Park‑like campus with pond, picnic area and volleyball court
    • Fitness center with showers and lockers
    • 3.85/1,000 SF parking ratio

    Overview

    This office space in Reston features a tenant-only conference and amenity center, as well as a micro-deli. A fitness center equipped with showers and lockers is available. The property is part of a park-like campus that includes a pond, picnic area, and volleyball court. It offers direct access to the Dulles Toll Road and is located near Dulles International Airport, Tysons Corner, and the Wiehle-Reston East Metro station. Parking is available at a ratio of 3.85 spaces per 1,000 square feet. The property size is 26,748 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Reston
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.3144
    Latitude
    38.9447

    Nearby Similar for Lease

    • $3,050/Mo
      1,997 SF

      Reston Office Suite For Lease

      Main-level office suite in Reston's premier Class A building.
      1801 ROBERT FULTON Drive, RESTON, VA 20191
      View Details
    • $129-$7,666/Mo
      11-1,292 SF

      VA, Reston- 12110 Sunset Hills

      12110 Sunset Hills Rd, Reston, VA 20190
      View Details
    • $129-$7,456/Mo
      11-1,292 SF

      Spaces Reston Station

      1900 Reston Metro Plz, Reston, VA 20190
      View Details
    • Sponsored
      Contact for pricing

      VA, Reston - Commerce Park Dr

      11490 Commerce Park Dr, Reston, VA 11490
      View Details
    • $129-$4,236/Mo
      11-1,292 SF

      Sunrise Valley

      12020 Sunrise Valley Dr, Unit 100, Reston, VA 20191
      View Details
    • $30 SF/Yr
      14,843 SF

      Class A Office Campus Space

      Prime office campus near Dulles Toll Road and Metrorail.
      1902 Campus Commons Drive, Reston, Virginia 20191
      View Details
    • $4,400/Mo
      1,986 SF

      Renovated Office Condo Near Reston

      Recently renovated office condo with two floors and private access.
      11739 Bowman Green Dr #suite 100, RESTON, VA 20190
      View Details
    • $35 SF/Yr
      8,072 SF

      Modern Office Space with Amenities

      Renovated office space with conference center, lounge, and outdoor terrace.
      12020 Sunrise Valley Drive, Reston, VA, 20191
      View Details
    • $2,400/Mo
      1,986 SF

      Reston Townhouse-Style Office Condo

      Recently renovated office condo near Reston Town Center.
      11739 Bowman Green Dr #suite 100, RESTON, VA 20190
      View Details
    • $600/Mo

      Reston Office Space For Lease

      Single office spaces near Reston Metro and Town Center.
      11250-#2 ROGER BACON Drive, RESTON, VA 20190
      View Details
    • $12 SF/Yr
      152 SF

      Reston Private Office Space Available

      Private office in Reston with shared amenities and convenient location.
      1984 ISAAC NEWTON Sq W 214, Reston, VA 20190
      View Details
    • $12 SF/Yr
      196 SF

      Reston Office Space For Rent

      Private office in Reston with shared amenities and convenient location.
      1984 ISAAC NEWTON Sq W 209, Reston, VA 20190
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in Reston with tenant amenities and parking.
    Where is this office units located?
    The property is located at 10701 Parkridge Blvd Reston, VA.
    What are key features of this property?
    This property features: Direct access to Dulles Toll Road and close proximity to Dulles International Airport, Tysons Corner, and Wiehle‑Reston East Metro; Tenant‑only conference/amenity center and micro‑deli recently delivered; Park‑like campus with pond, picnic area and volleyball court
    (703) 522-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eamon McCrann
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    10701 Parkridge Blvd, Reston, VA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!