Reston Hospital Medical
1850 Town Center Parkway, Reston, VA 20190
For Sale
$4,500,000
Medical suite for sale or lease in Reston Hospital.
Property Size9,786 SF
Price / SF$459.84
Days on Market411
Property Features for 1850 Town Center Parkway
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Listing Agency:
RE/MAX
Listed By:
Paul Mandell · License VA #0225208379
(703) 598-2753
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:45AM
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 RE/MAX
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical suite, available for sale or lease, is located in Reston Hospital, adjacent to Reston Town Center in Northern Virginia. The 9,786 square-foot suite features 18 exam rooms, 2 surgical suites, and 11 offices. It also includes 2 triage desks, 8 bathrooms, and 2 laboratories. Additional spaces comprise a consultation room, decontamination room, media center, waiting and reception area, call center, kitchen, IT room, and storage rooms. Furniture, fixtures, and medical equipment are included.
Key Highlights
- Fully equipped medical suite with 18 exam rooms and 2 surgical suites.
- Furniture, fixtures, and medical equipment included.
- Located within Reston Hospital.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,246
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,704,920
$3.7M
Cap Rate 7%
$2,646,371
$2.6M
Cap Rate 9%
$2,058,289
$2.1M
Market Conditions
NOI Build-Up for 9,786 SF
Gross rent
$288.9K $29.52/SF
− Vacancy
−$41.9K −$4.28/SF
EGI
$247.0K $25.24/SF
− OpEx
−$61.7K −$6.31/SF
NOI
$185.2K $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%
$3,704,920
Cap Rate 7%
$2,646,371
Cap Rate 9%
$2,058,289
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,246 @ 7.0% cap · market cap 4.12%
Second Best
Healthcare Medical
$2.55M
$2.23M – $2.97M
NOI $178,318 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$5.44M
$4.76M – $6.34M
NOI $380,480 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,937
Businesses Nearby
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Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
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
Frequently Asked Questions
What type of property is this?
Medical space - Medical suite for sale or lease in Reston Hospital.
Where is this medical space located?
The property is located at 1850 Town Center Parkway Reston, VA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Fully equipped medical suite with 18 exam rooms and 2 surgical suites.; Furniture, fixtures, and medical equipment included.; Located within Reston Hospital.
