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    Property profile & analytics

    Reston, VA 20191

    • Office buildings
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2022
    $14,850,000
    Value Estimations
    $15,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1505667
    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

    Lot size
    0.07 lot acres
    Zone code
    I-3(INDUST LIGHT INTENSIT
    Property type
    Office buildings
    APN
    027-1-01-0010-E
    APU
    0271010010E

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,605,000
      ML approach
      $10,200,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Reston
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3138
    Latitude
    38.9444
    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
    $267
    $18,520
    $0.00
    $18,520
    -
    $18,520
    $0.00
    $18,520

    Comparable in this City

    • Value Estimation
      $755,000
      3,055 SF

      2264 Hunters Woods Plz

      OFFICE BUILDING • 3,055 SF
      2264 Hunters Woods Plz, Reston, VA 20191-2898
      View Details
    • Value Estimation
      $8,005,000
      60,760 SF

      1875 Campus Cmns Dr

      OFFICE BUILDING • 60,760 SF
      1875 Campus Cmns Dr, Reston, VA 20191-1526
      View Details
    • Value Estimation
      $15,715,000
      120,000 SF

      1900 Campus Cmns Dr

      OFFICE BUILDING • 120,000 SF
      1900 Campus Cmns Dr, Reston, VA 20191-1561
      View Details
    • Value Estimation
      $20,560,000
      158,102 SF

      11600 Sunrise Vly Dr

      OFFICE BUILDING • 158,102 SF
      11600 Sunrise Vly Dr, Reston, VA 20191-1412
      View Details
    • Value Estimation
      $7,865,000
      51,609 SF

      12020 Sunrise Vly Dr

      OFFICE BUILDING • 51,609 SF
      12020 Sunrise Vly Dr, Reston, VA 20191-3440
      View Details
    • Value Estimation
      $11,485,000
      88,202 SF

      12300 Pinecrest Rd

      OFFICE BUILDING • 88,202 SF
      12300 Pinecrest Rd, Reston, VA 20191-1637
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Executive Office Building with Parking

      One-story office building with private parking and long-term lease.
      1912 Association Dr, Reston, VA 20191
      View Details
    • Contact for pricing

      Reston Office Building For Sale

      Recently renovated office building in Reston, close to Metro.
      1910 Association Dr, Reston, VA 20191
      View Details
    • $7,500,000

      Reston Office Building For Sale

      Well-maintained Reston office building with ample parking and modern amenities.
      1806 Robert Fulton Dr, Reston, VA 20191
      View Details
    • $2,750,000
      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.
      12359 Sunrise Valley Dr, Reston, VA 20191
      View Details
    • Contact for pricing

      1920 Association Dr, Reston, VA 20191

      Office properties & Spaces
      1920 Association 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.
      1950 Roland Clarke Pl, 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
    • 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
    • Contact for pricing

      Upgraded Office Space in Reston

      Thoroughly upgraded office space available for lease in Reston.
      1892 Preston White Dr, Reston, VA 20191
      View Details
    • Contact for pricing
      2,713 SF

      Class A Office Space Available

      High-end office suites with modern amenities and convenient location.
      11180 Sunrise Valley Dr, Reston, VA 20191
      View Details
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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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