First-Level Medical Office
For Sale
Contact for pricing
12359 Sunrise Valley Dr, Reston, VA 20191
First-level office condo with prominent window lines, reception area, and multiple conference and presentation rooms.
Property Size5,143 SF
Price / SF$290.69
Days on Market1326
Property Features for 12359 Sunrise Valley Dr
General Information
Standard status
Active
Size
5,143 SF
Property subtype
OFFICE
Amenities
reception area
conference room
event/presentation style room
bullpen space
kitchenette
Listing Agency:
SVN - K&M Commercial Real Estate
(703) 734-2822
Listed By:
Kayvan Mehrbakhsh · License #0225084011
(703) 851-1070
Source:
Moodyscre
Added: Feb 6, 2023
Changed: Sep 4
Last Checked: Sep 22 at 1:35PM
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 SVN - K&M Commercial Real Estate
Investment Insights
Based on property information with market context.
This first-level office condo in Sunrise Professional Park offers a reception area supported by prominent window lines. The suite includes a 15+ person conference room, an event and presentation style room, and ample bullpen space. A kitchenette is included, and access to the suite is via a direct site line off the elevator.
The property is positioned minutes from Reston Town Center and is near newly opened Herndon and Reston Metro Stations.
The condo is described as allowing medical use, and it presents a practical layout for client-facing meetings and group presentations within a single, first-story space.
The property is positioned minutes from Reston Town Center and is near newly opened Herndon and Reston Metro Stations.
The condo is described as allowing medical use, and it presents a practical layout for client-facing meetings and group presentations within a single, first-story space.
Key Highlights
- First‑level office condo in Sunrise Professional Park with prominent window lines for natural light
- Large reception area plus ample bullpen space for everyday office work
- Includes a 15+ person conference room and an event/presentation‑style room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,355
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,947,100
$1.9M
Cap Rate 7%
$1,390,786
$1.4M
Cap Rate 9%
$1,081,722
$1.1M
Market Conditions
NOI Build-Up for 5,143 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$151.8K $29.52/SF
− Vacancy
−$22.0K −$4.28/SF
EGI
$129.8K $25.24/SF
− OpEx
−$32.5K −$6.31/SF
NOI
$97.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,947,100
Cap Rate 7%
$1,390,786
Cap Rate 9%
$1,081,722
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,355 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.56M
$18.86M – $25.15M
NOI $1,509,072 @ 7.0% cap · market cap 100.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,438
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
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Frequently Asked Questions
What type of property is this?
Office units - First-level office condo with prominent window lines, reception area, and multiple conference and presentation rooms.
Where is this office units located?
The property is located at 12359 Sunrise Valley Dr Reston, VA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: First‑level office condo in Sunrise Professional Park with prominent window lines for natural light; Large reception area plus ample bullpen space for everyday office work; Includes a 15+ person conference room and an event/presentation‑style room
