Medical Condo Near
1850 Town Center Dr Reston, VA 20190
For Sale
Contact for pricing
Corner medical condo with a spacious reception, treatment rooms, private offices, and ADA-compliant restroom.
Property Size2,155 SF
Price / SF$371.23
Days on Market157
Property Features for 1850 Town Center Dr
General Information
- Standard status
- Active
- Size
- 2,155 SF
- Property subtype
- Office
Building Details
- Year Built
- 1993
Listing Agency:
The Genau Group
(202) 735-5382
Listed By:
Fletcher Gill · License #DC PB98371620
Source:
Crexi
Added: Feb 19
Changed: Jul 23
Last Checked: Jul 26 at 9:45AM
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 The Genau Group
Investment Insights
Based on property information with market context.
This medical condo suite is currently configured for a clinical practice and offers a spacious reception and waiting area upon entry. The interior includes four treatment rooms with sinks, along with three private offices positioned along the window line. The suite also features two means of egress and an ADA-compliant bathroom, with abundant natural light throughout as a corner unit.
The property is directly connected to Reston Hospital Center, supporting convenient access for patients and staff. The suite has a practical, patient-facing layout designed to support day-to-day appointments.
As a corner suite, it provides strong interior light exposure alongside a clear separation between the reception/waiting area, treatment rooms, and private offices within the existing medical office buildout.
The property is directly connected to Reston Hospital Center, supporting convenient access for patients and staff. The suite has a practical, patient-facing layout designed to support day-to-day appointments.
As a corner suite, it provides strong interior light exposure alongside a clear separation between the reception/waiting area, treatment rooms, and private offices within the existing medical office buildout.
Key Highlights
- Medical condo built in 1993
- Directly connected to Reston Hospital Center
- Corner suite with abundant natural light
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.6k | $29.52 |
| − Vacancy | −$9.2k | −$4.28 |
| EGI | $54.4k | $25.24 |
| − OpEx | −$13.6k | −$6.31 |
| NOI | $40.8k | $18.93 |
2,155 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$582.8K
$509.9K – $679.9K
NOI $40,794 @ 7.0% cap · market cap 5.10%
Second Best
Healthcare Medical
$573.5K
$501.8K – $669.1K
NOI $40,143 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$675.4K
$590.9K – $787.9K
NOI $47,275 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Corner medical condo with a spacious reception, treatment rooms, private offices, and ADA-compliant restroom.
Where is this medical office space located?
The property is located at 1850 Town Center Dr Reston, VA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Medical condo built in 1993; Directly connected to Reston Hospital Center; Corner suite with abundant natural light
