11260 Roger Bacon DrReston, VA 20190

  • Office buildings
  • 70,671 SF
For Lease
$25.50/SF/YR View listing

Property Details for 11260 Roger Bacon Dr

Year built
1981
Construction
STEEL FRAME
Lot size
2.48 AC
Property size (Sq ft)
70,671 SF
Zone code
I-5(INDUSTRIAL GENERAL)
Property type
Office buildings
APN
017-4-15-0002
APU
174150002

Description

This exceptional five-story, 70,671 square foot Class B office building, located at 11260 Roger Bacon Drive in Reston, Virginia, presents a unique investment opportunity. Built in 1979 and renovated in 2005, the property boasts a flexible layout with multiple tenancy options, ranging from 1,796 square feet to a total of 12,000 square feet currently vacant. The building features a 50-foot ceiling height and ample parking with 200 spaces (a 3.6/1000 parking ratio), providing generous free parking for tenants and visitors. Conveniently situated in the Reston submarket, this property offers unparalleled access to the Wiehle Avenue Metro station (Silver Line) and the Dulles Toll Road, ensuring effortless commuting. On-site amenities include a deli and bank, enhancing convenience for occupants. The building also benefits from proximity to a wide array of retail establishments, restaurants, hotels, the W&OD bike path, and a health club. Security features include a 24-hour security camera monitoring system and key card access after hours. The building's zoning is I-5, and it sits on a 2.48-acre lot with a FAR of .65. One elevator serves the building. This is a turnkey opportunity with top-class improvements available. The property is ideally suited for traditional office, executive office, or medical office uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $18,258,272
    6.5%
    $16,853,788
    7%
    $15,649,947
  • Comparable approach

    Method
    Valuation
    Relative Method
    $14,129,960
    Geo Method
    $14,129,960
  • Alternative Use

    Use
    Valuation
    Residential
    $20,898,698
    Hospitality
    $19,143,096
    Educational
    $15,926,830
    Medical
    $16,474,579
    Retail
    $24,775,070

Location Insight

City
Reston
County
Fairfax
State
Virginia
Latitude
38.952
Longitude
-77.3344
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
$97,178
$2,340,990
$4,400,470
$6,741,460
-
$2,340,990
$4,400,470
$6,741,460

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