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1892 Preston White Dr, Reston, VA 20191
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Property summary
AI-generated overview
This exceptional 7,928-square-foot office space is located at 1892 Preston White Drive in Reston, Virginia, within Fairfax County. The property is a three-story Class B building constructed in 1986 and features a single-tenant occupancy. The space comprises the entire top floor and offers a versatile floor plan including large conference rooms, expansive open office areas, and private offices, perfect for a variety of business needs. Additional amenities include a break room, file room, and two restrooms. Convenient elevator access is provided. Ample surface parking is available on-site. The property is zoned I-3 (light intensity industrial), making it suitable for professional office, research and development, medical office, or training facilities. Its prime location offers easy access to key transportation hubs: approximately one mile from the Wiehle-Reston East Metro Station, 2.5 miles from Reston Town Center, and six miles from Dulles International Airport. The lease is a full-service agreement, with the tenant responsible for cleaning and liability insurance.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
CONCRETE
Total area
25,142 SF
Lot
1.44 ac (62,543 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
027-1-16-05-0007-C1
UPID
US87-0935487
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
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.85M
Owner & transaction history
since 2024
Last sale
$4.5M
4 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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.85M
Value range
$3.46M – $4.23M
±10% around blend
Estimated value / SF
$153 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$3.46M
blend $3.85M
$4.23M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
25,142 SF
Lot area
1.44 ac
Year built
1986
Stories
3
APN
027-1-16-05-0007-C1
Zoning
I-3(INDUST LIGHT INTENSIT
Assessed value
$3,865,850
Annual tax
$55,726
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
$55,726
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.08M
Range $3.76M – $9.98M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.85M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$255
-40%
Submarket 170 sales
$290
-47%
County 837 sales
$289
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $153/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
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$2.14M
Move the market yield to see immediate price impact.
Value / SF
$85
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%
$135k
$2.70M
$1.93M
$1.50M
$150k
$3.00M
$2.14M
$1.67M
$165k
$3.30M
$2.36M
$1.83M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$55,726
Tax year 2024
Assessed value
$3,865,850
Assessed 2024
Previous assessed
$3,947,780
-2.1% YoY
Effective rate
1.44%
On assessed value
Assessed land
$955,400
Assessed improvement
$2,910,450
Land market value
$955,400
Improvement market value
$2,910,450
Total market value
$3,865,850
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
CONCRETE
Heating
OTHER
Cooling
YES
Stories
3
Total area
25,142 SF
Lot
1.44 ac (62,543 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
027-1-16-05-0007-C1
UPID
US87-0935487
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
3
Lot
1.44 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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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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