1892 Preston White DrReston, VA 20191

  • Office buildings
  • 25,142 SF
For Lease
$30/SF/YR View listing

Property Details for 1892 Preston White Dr

Year built
1986
Construction
CONCRETE
Lot size
1.44 AC
Property size (Sq ft)
25,142 SF
Zone code
I-3(INDUST LIGHT INTENSIT
Property type
Office buildings
APN
027-1-16-05-0007-C1
APU
027116050007C1

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,495,584
    6.5%
    $5,995,924
    7%
    $5,567,644
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,026,892
    Geo Method
    $5,026,892
  • Alternative Use

    Use
    Valuation
    Residential
    $7,434,946
    Hospitality
    $6,810,370
    Educational
    $5,666,148
    Medical
    $5,861,016
    Retail
    $8,814,009

Location Insight

City
Reston
County
Fairfax
State
Virginia
Latitude
38.9428
Longitude
-77.3286
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
$55,726
$955,400
$2,910,450
$3,865,850
-
$955,400
$2,910,450
$3,865,850

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