Individually Owned 
For Lease
1 / 8
$26.50 SF/Yr
1800 Alexander Bell Dr, Reston, VA 20191
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
145,566 SF
Lot
5.86 ac (255,262 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
027-1-01-0010-A
UPID
US87-3957122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Law Firm
-
Gym & Fitness Center
-
Crisis Center Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.75M
Blend (final)
Blend
$19.06M
Owner & transaction history
since 2018
5 recorded transactions
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Reston, VA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$19.06M
Value range
$17.15M – $20.97M
±10% around blend
Estimated value / SF
$131 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$17.15M
blend $19.06M
$20.97M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
145,566 SF
Lot area
5.86 ac
Year built
1986
Stories
5
APN
027-1-01-0010-A
Zoning
I-3(INDUST LIGHT INTENSIT
Assessed value
$18,173,800
Annual tax
$261,975
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$261,975
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$15.56M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.0 mi away · 135,102 SF
13.1 mi away · 151,935 SF
14.8 mi away · 114,606 SF
16.0 mi away · 140,244 SF
16.2 mi away · 101,940 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$19.06M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$255
-49%
Submarket 170 sales
$290
-55%
County 837 sales
$289
-55%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $131/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.37M
Move the market yield to see immediate price impact.
Value / SF
$71
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$653k
$13.07M
$9.33M
$7.26M
$726k
$14.52M
$10.37M
$8.07M
$799k
$15.97M
$11.41M
$8.87M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$15.25M
11.7 mi · Apr 2026 · $99/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$261,975
Tax year 2024
Assessed value
$18,173,800
Assessed 2024
Previous assessed
$19,206,270
-5.4% YoY
Effective rate
1.44%
On assessed value
Assessed land
$3,056,890
Assessed improvement
$15,116,910
Land market value
$3,056,890
Improvement market value
$15,116,910
Total market value
$18,173,800
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1986
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
5
Total area
145,566 SF
Lot
5.86 ac (255,262 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
027-1-01-0010-A
UPID
US87-3957122
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Reston, VAZoning I-3(INDUST LIGHT INTENSIT · permitted uses
I-3(INDUST LIGHT INTENSIT · Reston, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
5
Lot
5.86 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-3(INDUST LIGHT INTENSIT
Jurisdiction
Reston, VA
Recorded code
I-3(INDUST LIGHT INTENSIT
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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