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Property profile & analytics
FOR LEASE
Office buildings
1881 Campus Commons Dr, Reston, VA 20191
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0899599
For Lease
1 / 2
$33 SF/Yr
1881 Campus Commons Dr, Reston, VA 20191
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
249,515 SF
Lot
6.5 ac (283,202 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
026-2-01-0010
UPID
US87-0899599
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
by Request
Comparable Approach
Comparable
$21.04M
Blend (final)
Blend
$23.91M
Owner & transaction history
1881 Campus Commons LLC · 2 yrs held
1881 Campus Commons LLC
since 2023
Last sale
$25.1M
7 recorded transactions
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Reston, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$24,390,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$23.91M
Range $21.51M – $26.30M · ±10% · vs last sale $25.10M (Sep 22 2023)
Last sale anchor
$25.10M
Sep 22 2023
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
$96 / 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
$657,803
Tax year 2024
Assessed value
$45,633,210
Assessed 2024
Previous assessed
$57,246,700
-20.3% YoY
Effective rate
1.44%
On assessed value
Assessed land
$9,423,960
Assessed improvement
$36,209,250
Land market value
$9,423,960
Improvement market value
$36,209,250
Total market value
$45,633,210
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
For Lease
Year built
1999
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
5
Total area
249,515 SF
Lot
6.5 ac (283,202 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
026-2-01-0010
UPID
US87-0899599
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Reston, VA
Zoning I-3(INDUST LIGHT INTENSIT · permitted uses
I-3(INDUST LIGHT INTENSIT · 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.
Building & site characteristics
From public records
Year built
1999
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
5
Lot
6.5 ac
Current owner
From public records · entity-resolved
1881 Campus Commons LLC
Entity
Mailing address
1156 15TH ST NW STE #800, WASHINGTON, DC 20005-1773
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$25,100,000
1881 Campus Commons LLC
Realty Associates Fund Xi Portfolio
Special Warranty Deed
—
Mar 18, 2019
—
Realty Assocs Fund Xi Portfoli
—
Deed
related
$39,000,000 · Miscellaneous Ins Co
Jun 8, 2017
—
Realty Associates Fund Xi Port
—
Deed
related
$170,000 · Capital One NA
Mar 29, 2017
—
Realty Associates Fund Xi LP
—
Loan Modification
related
$141,600,000 · Capital One NA
Oct 4, 2016
—
Realty Associates Fund Xi LP
—
Deed
related
$110,000,000 · Capital One NA
May 31, 2016
—
Realty Associates Fund Xi LP
—
Deed
related
$170,000,000 · Capital One NA
Dec 14, 2015
$65,000,000
Realty Associates Fund Xi LP
Columbia Reit-1881 Campus Comm
Grant Deed
related
—
Jan 7, 2015
$76,000,000
Columbia Reit-1881 Campus Comm
1881 Campus Commons Holdings L
Grant Deed
—
Mar 1, 2013
—
Campus Commons Holdings L 1881
—
Deed Of Trust
related
$38,000,000 · Bank Of America
Dec 2, 2011
—
Campus Commons Holdings L 1881
—
Deed Of Trust
related
$38,000,000 · Bank Of America
Sep 8, 2008
—
Cshv Campus Commons LLC
Csdv
Grant Deed
related
—
—
—
Realty Assocs Fund Xi Portfoli
—
Deed Of Trust
related
$39,000,000 · Miscellaneous Ins Co
—
—
Realty Associates Fund Xi LP
—
Deed Of Trust
related
$170,000,000 · Capital One NA
—
—
Realty Associates Fund Xi LP
—
Loan Modification
related
$110,000,000 · Capital One NA
—
—
Realty Associates Fund Xi Port
—
Loan Modification
related
$170,000 · Capital One NA
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.
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