Building Details

Year Built 1999

Listing Agency: Summit Commercial Real Estate, LLC. Show Phone

Listed By: John P Duffy · License #DC0225206421 Show Phone

Source: Thetristaterealestategroup

Added: Oct 28 Changed: Oct 30 Last Checked: Oct 30 at 12:35PM

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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 Summit Commercial Real Estate, LLC.

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Investment Insights

Based on property information with market context.

This 103,166-square-foot office property was built in 1999. Herndon Metro Station and the Herndon-Monroe Park and Ride are within walking distance. The property abuts the 25-acre Reston Nature Preserve, which has walking and jogging trails. Nearby amenities include Starbucks, PeiWei, Panera, Moby Dick, and Harris Teeter.

Key Highlights

• 103,166‑square‑foot office property, built in 1999
• Within walking distance of Herndon Metro Station and the Herndon‑Monroe Park and Ride
• Abuts the 25‑acre Reston Nature Preserve, with walking and jogging trails

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,952,901

Suggested Prices Based on Cap Rates

Cap Rate 5%

$39,058,020 $39.1M

Cap Rate 7%

$27,898,586 $27.9M

Cap Rate 9%

$21,698,900 $21.7M

What to ask about pricing

Market Conditions

NOI Build-Up for 103,166 SF

Gross rent

$3.05M $29.52/SF

− Vacancy

−$441.6K −$4.28/SF

EGI

$2.60M $25.24/SF

− OpEx

−$651.0K −$6.31/SF

NOI

$1.95M $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%

$39,058,020

Cap Rate 7%

$27,898,586

Cap Rate 9%

$21,698,900

Alternative Uses

Best Use

Office B

$27.90M

$24.41M – $32.55M (±1% cap)

NOI $1,952,901 @ 7.0% cap · market cap 28,302.91%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$432.45M

$378.39M – $504.52M (±1% cap)

NOI $30,271,226 @ 7.0% cap · market cap 438,713.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Spaces

Suggested Use

Top Pick Building Supply Auto Repair Shop Real Estate Agency Restaurant Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

992

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office space - The property is also within walking distance of the Herndon-Monroe Park and Ride.

Where is this office space located?

The property is located at 12700 Sunrise Valley Drive # 1 Reston, VA.

What are key features of this property?

This property features: 103,166‑square‑foot office property, built in 1999; Within walking distance of Herndon Metro Station and the Herndon‑Monroe Park and Ride; Abuts the 25‑acre Reston Nature Preserve, with walking and jogging trails