Two-Suite Office
For Sale
$474,000
1801 Robert Fulton Dr Unit 230, Reston, VA 20191
Main-floor commercial space combines private offices, reception, kitchen, and window-lined work areas.
Property Size1,553 SF
Price / SF$305.22
Days on Market53
Property Features for 1801 Robert Fulton Dr Unit 230
General Information
Standard status
Active
Size
1,553 SF
Class
Class A
Additional Details
Floor
Main Floor
Gross Income
$27,600
Office Units
2
Building Details
Year Built
1988
Listing Agency:
Coldwell Banker Realty
Listed By:
Deniz Senyurt · License #0225217450
(571) 271-6604
Source:
Summitrealtors
Added: Aug 17
Changed: Oct 6
Last Checked: Oct 7 at 2:55PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,553-square-foot office condominium occupies the main floor at 1801 Robert Fulton Drive in Reston. The layout includes six individual offices, three with windows, along with a reception area and kitchen. The property is configured as two suites, providing a combination of occupied and available office space. It was built in 1988.
One suite is leased to a behavioral health provider through August 2028, while the second suite is vacant. Electric, water, and common amenities are covered through the condo fees. The property is located at 1801 Robert Fulton Drive #230, Reston, VA 20191, and the projected stabilized cap rate is 6.52%.
One suite is leased to a behavioral health provider through August 2028, while the second suite is vacant. Electric, water, and common amenities are covered through the condo fees. The property is located at 1801 Robert Fulton Drive #230, Reston, VA 20191, and the projected stabilized cap rate is 6.52%.
Key Highlights
- 1,553‑square‑foot office condominium on the main floor
- Two‑suite configuration with six individual offices
- Three offices feature window lines; reception area and kitchen included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,398
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,960
$588.0K
Cap Rate 7%
$419,971
$420.0K
Cap Rate 9%
$326,644
$326.6K
Market Conditions
NOI Build-Up for 1,553 SF
Gross rent
$45.8K $29.52/SF
− Vacancy
−$6.6K −$4.28/SF
EGI
$39.2K $25.24/SF
− OpEx
−$9.8K −$6.31/SF
NOI
$29.4K $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 Rate 5%
$587,960
Cap Rate 7%
$419,971
Cap Rate 9%
$326,644
Alternative Uses
Best Use
Office B
$420.0K
$367.5K – $490.0K
NOI $29,398 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.51M
$5.70M – $7.59M
NOI $455,685 @ 7.0% cap · market cap 96.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,185
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
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Frequently Asked Questions
What type of property is this?
Office units - Main-floor commercial space combines private offices, reception, kitchen, and window-lined work areas.
Where is this office units located?
The property is located at 1801 Robert Fulton Dr Unit 230 Reston, VA.
What is the asking price?
The asking price for this property is $474,000.
What are key features of this property?
This property features: 1,553‑square‑foot office condominium on the main floor; Two‑suite configuration with six individual offices; Three offices feature window lines; reception area and kitchen included
