First-Floor Office
For Sale
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1801 Robert Fulton Drive Suite 200 & 220A, Reston, VA 20191
Configured professional office suite with private rooms, open work areas, conference facilities, and convenient lobby-level access.
Property Size7,361 SF
Price / SF$326.04
Days on Market161
Property Features for 1801 Robert Fulton Drive Suite 200 & 220A
General Information
Standard status
Active
Size
7,361 SF
Property subtype
Office
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
First Floor
Office Units
1
Building Details
Units
1
Listing Agency:
Coldwell Banker Commercial Elite
Listed By:
Cameron Coleman · License #VA
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Sep 1 at 5:05AM
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 Commercial Elite
Investment Insights
Based on property information with market context.
This first-floor office condominium encompasses 7,361 square feet within Suites 200 and 220A at 1801 Robert Fulton Drive. The interior includes a reception area, two open bullpen areas, two large conference rooms, a kitchenette, and 15 private offices. Exterior windows bring natural light into the workspaces, while direct positioning near the primary lobby supports convenient arrival for staff and visitors.
The property is situated in Reston’s Dulles Technology Corridor, with access to the Wiehle-Reston East Metro Station, Dulles Toll Road, Route 28, and I-495. The surrounding business environment includes technology companies, government contractors, and professional service providers. The existing configuration is suited to professional and medical office operations.
The property is situated in Reston’s Dulles Technology Corridor, with access to the Wiehle-Reston East Metro Station, Dulles Toll Road, Route 28, and I-495. The surrounding business environment includes technology companies, government contractors, and professional service providers. The existing configuration is suited to professional and medical office operations.
Key Highlights
- 7,361‑square‑foot first‑floor office condominium
- Suites 200 and 220A at 1801 Robert Fulton Drive
- 15 private offices with exterior windows
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
$139,342
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
5.81%
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%
$2,786,840
$2.8M
Cap Rate 7%
$1,990,600
$2.0M
Cap Rate 9%
$1,548,244
$1.5M
Market Conditions
NOI Build-Up for 7,361 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
$217.3K $29.52/SF
− Vacancy
−$31.5K −$4.28/SF
EGI
$185.8K $25.24/SF
− OpEx
−$46.4K −$6.31/SF
NOI
$139.3K $18.93/SF
Area
Loudoun 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%
$2,786,840
Cap Rate 7%
$1,990,600
Cap Rate 9%
$1,548,244
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $139,342 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.31M
$2.02M – $2.69M
NOI $161,482 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured professional office suite with private rooms, open work areas, conference facilities, and convenient lobby-level access.
Where is this office units located?
The property is located at 1801 Robert Fulton Drive Suite 200 & 220A Reston, VA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 7,361‑square‑foot first‑floor office condominium; Suites 200 and 220A at 1801 Robert Fulton Drive; 15 private offices with exterior windows
