1806 Robert Fulton DrReston, VA 20191

Property Details for 1806 Robert Fulton Dr

Year built

1985

Construction

STEEL FRAME

Lot size

3.70 AC

Property size (Sq ft)

40,725 SF

Zone code

I-3(INDUST LIGHT INTENSIT

Property type

Office buildings

APN

027-1-16-05-0002

APU

27116050002

Description

This exceptional 38,510-square-foot office building presents a unique investment opportunity in the desirable Reston, Virginia market. Situated on a spacious 3.7-acre lot, this three-story property boasts a prime location with convenient access to the Dulles Toll Road, Reston Town Center, and Dulles International Airport, all within a 10-minute radius. The building's layout is highly versatile, featuring a mix of private offices, collaborative conference rooms, and open workspaces, catering to a variety of business needs. Amenities include a large cafeteria and breakroom, a fitness center, six kitchens, and a pleasant outdoor picnic area, enhancing employee comfort and productivity. Ample parking is provided with 138 spaces, offering a generous 3.7 spaces per 1,000 square feet. Floor-to-ceiling windows throughout the building maximize natural light and showcase stunning woodland views. Navigation between floors is facilitated by both a high-speed elevator and an attractive open staircase in the central atrium. The asking price of $7,500,000 represents a below-replacement cost of $194.75 per square foot, resulting in ownership costs over 35% lower than comparable leasing options. This presents a compelling opportunity for businesses seeking to own their space, allowing for expansion and potential rental income generation. The property's size and amenities make it equally suitable for a corporate headquarters or a private school seeking a spacious and well-equipped facility.

• CAP approach

  CAP return

  Valuation

  6%

  $10,521,545

  6.5%

  $9,712,195

  7%

  $9,018,467

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,142,556

  Geo Method

  $8,142,556

• Alternative Use

  Use

  Valuation

  Residential

  $12,043,122

  Hospitality

  $11,031,435

  Educational

  $9,178,025

  Medical

  $9,493,671

  Retail

  $14,276,927

Location Insight

City

Reston

County

Fairfax

State

Virginia

Latitude

38.9415

Longitude

-77.3245

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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