New search
Property profile & analytics
OFF-MARKET
Estimated value
$63,680,000
Office buildings
1860 Wiehle Ave, Reston, VA 20190-5212
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0568397
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
223,230 SF
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
017-4-01-0017-L7
UPID
US87-0568397
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$69.35M
Comparable Approach
Comparable
$82.34M
Blend (final)
Blend
$63.68M
Owner & transaction history
Crs Plaza II LLC · 4 yrs held
Crs Plaza II LLC
since 2021
1 recorded transaction
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Reston, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$101.4M
+49.0%
Neighborhood: shopping center
$82.3M
+20.9%
Industrial (general)
$75.9M
+11.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Reston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$75,125,000
6.5%
$69,345,000
7%
$64,390,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$68,050,000
Current use
COMMERCIAL (GENERAL)
$101,395,000
Change: +49% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$82,300,000
Change: +21% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$75,930,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$74,530,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$65,505,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$63.68M
Range $57.31M – $70.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$285 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,386,011
Tax year 2024
Assessed value
$96,150,600
Assessed 2024
Previous assessed
$101,846,490
-5.6% YoY
Effective rate
1.44%
On assessed value
Assessed land
$8,401,460
Assessed improvement
$87,749,140
Land market value
$8,401,460
Improvement market value
$87,749,140
Total market value
$96,150,600
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Stories
8
Total area
223,230 SF
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
017-4-01-0017-L7
UPID
US87-0568397
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Reston, VA
Zoning PDC(PLANNED DEV COMMERCIA · permitted uses
PDC(PLANNED DEV COMMERCIA · Reston, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$68.1M
COMMERCIAL (GENERAL)
Est. value
$101.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$82.3M
INDUSTRIAL (GENERAL)
Est. value
$75.9M
AUTO REPAIR, GARAGE
Est. value
$74.5M
WAREHOUSE, STORAGE
Est. value
$65.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
8
Current owner
From public records · entity-resolved
Crs Plaza II LLC
Entity
Mailing address
1900 RESTON METRO PLZ, RESTON, VA 20190-5218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
—
Crs Plaza II LLC
—
Deed
related
$312,200,000 · Parlex 8 Finco LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1860 Wiehle Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
