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    Property profile & analytics

    12180 Sunrise Vly Dr Reston, VA 20191-3407

    • Office buildings
    • 68,300 SF
    • 2.98 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2023
    $18,500,000
    Value Estimations
    $18,260,000
    Show details
    Cap Rate Potential
    7.7%
    Office buildings
    Location Intelligence
    Property ID
    US87-0243692
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 12180 Sunrise Vly Dr

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    2.98 lot acres
    Property size
    68,300 SF
    Zone code
    I-4(INDUST MEDIUM INTENSI
    Property type
    Office buildings
    APN
    017-3-08-3A-0003-C
    APU
    0173083A0003C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,975,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $22,985,000
      6.5%
      $21,215,000
      7%
      $19,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,059,000
      Market price range: $10.2M - $27.1M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $17,400,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $25,180,000
      Change: +45% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $23,230,000
      Change: +34% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $22,805,000
      Change: +31% Conversion: Difficult
      WAREHOUSE, STORAGE
      $20,040,000
      Change: +15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reston
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3666
    Latitude
    38.9521
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $258,643
    $2,595,400
    $14,516,270
    $17,111,670
    -
    $2,595,400
    $14,516,270
    $17,111,670

    Comparable in this City

    • Value Estimation
      $4,230,000
      31,840 SF

      1897 Preston White Dr

      OFFICE BUILDING • 31,840 SF
      1897 Preston White Dr, Reston, VA 20191-5475
      View Details
    • Value Estimation
      $19,560,000
      126,402 SF

      12343 Sunrise Vly Dr

      OFFICE BUILDING • 126,402 SF
      12343 Sunrise Vly Dr, Reston, VA 20191-3476
      View Details
    • Value Estimation
      $8,515,000
      59,740 SF

      12200 Sunrise Vly Dr

      OFFICE BUILDING • 59,740 SF
      12200 Sunrise Vly Dr, Reston, VA 20191-3402
      View Details
    • Value Estimation
      $19,050,000
      123,546 SF

      12120 Sunrise Vly Dr

      OFFICE BUILDING • 123,546 SF
      12120 Sunrise Vly Dr, Reston, VA 20191
      View Details
    • Value Estimation
      $16,240,000
      112,608 SF

      12001 Sunrise Vly Dr

      OFFICE BUILDING • 112,608 SF
      12001 Sunrise Vly Dr, Reston, VA 20191-3450
      View Details
    • Value Estimation
      $2,600,000
      12,000 SF

      1894 Preston White Dr

      OFFICE BUILDING • 12,000 SF
      1894 Preston White Dr, Reston, VA 20191-5433
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Executive Office Building with Parking

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      Reston Office Building For Sale

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      Reston Office Building For Sale

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      1806 Robert Fulton Dr, Reston, VA 20191
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      12,535 SF

      Class A Office Condo For Sale

      Class A office condo in Reston, VA, near Wiehle-Reston East Metro.
      11490 Commerce Park Dr, Reston, VA 20191
      View Details
    • Contact for pricing
      1,435 SF

      Move-in Ready Reston Office Condo

      1,435 SF office condo ideal for professional services.
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      Reston Office Suites - Available Now

      Private Offices, Reston, VA - $600/month
      1801 Robert Fulton Dr, Reston, VA 20191
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Reston Office Building For Lease

      Office building in Reston's commercial district, near Dulles Access.
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      View Details
    • Contact for pricing
      19,928 SF

      Reston Flex Building For Lease

      Two-story flex building with office-like exterior on Sunrise Valley.
      11600 Sunrise Valley Dr, Reston, VA 20191
      View Details
    • $26 SF/Yr
      38,348 SF

      Renovated Office Building in Reston

      Newly renovated office building with modern amenities and convenient location.
      1800 Alexander Bell Dr, Reston, VA 20191
      View Details
    • $29 SF/Yr
      126,360 SF

      Modern Office Building in Reston

      Strategically located office space with superior Toll Road signage.
      10780 Parkridge Blvd, Reston, VA 20191
      View Details
    • Contact for pricing
      83,934 SF

      Reflective Glass Office Building

      Six-story office building with lake view available for lease.
      12220 Sunrise Valley Dr, Reston, VA 20191
      View Details
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    Reston, VA 20191-3407
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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