12359 Sunrise Valley DrReston, VA 20191

Property Details for 12359 Sunrise Valley Dr

Property size (Sq ft)

4,382 SF

Zone code

I-4(INDUST MEDIUM INTENSI

Property type

Office properties

Property subtype

Other office properties

APN

017-3-16-0210-A

APU

0173160210A

Description

This exceptional 5,143 square foot medical office condo in the Sunrise Professional Center, located at 12359 Sunrise Valley Drive, Reston, VA 20191, presents a compelling value-add investment opportunity. The property, built in 2003 and renovated in 2018, boasts a Class B rating and is currently vacant, offering immediate potential for lease-up. The single-story building features a spacious reception area, multiple meeting rooms, a large (15+ person) glass-enclosed conference room, an adaptable event/presentation space, and ample bullpen workspace. A recently updated kitchenette adds to the functionality. The unit benefits from abundant natural light due to extensive window lines and convenient, direct elevator access. Zoned I4, this property is ideally suited for healthcare-related uses. The asking price is $1,495,000, representing a 2.45% cap rate based on a current NOI of $36,634. The property's prime location offers excellent visibility from Sunrise Valley Drive and is minutes from Reston Town Center and the newly opened Reston and Herndon Metro stations. The Fairfax County property (APN: 0173 16 0130) offers a strong investment prospect with significant upside potential. The previous tenant's lease expired January 31, 2027.

• CAP approach

  CAP return

  Valuation

  6%

  $1,132,116

  6.5%

  $1,045,030

  7%

  $970,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $876,137

  Geo Method

  $876,137

• Alternative Use

  Use

  Valuation

  Residential

  $1,295,837

  Hospitality

  $1,186,980

  Educational

  $987,553

  Medical

  $1,021,517

  Retail

  $1,536,194

Location Insight

City

Reston

County

Fairfax

State

Virginia

Latitude

38.9496

Longitude

-77.3731

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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