11862 Sunrise Valley DrReston, VA 20191

  • Office properties
  • 1,132 SF
For Sale
$499,000 View listing

Property Details for 11862 Sunrise Valley Dr

Year built
1981
Construction
CONCRETE BLOCKS
Property size (Sq ft)
1,132 SF
Zone code
PRC(COMMERCIAL/INDUSTRIAL
Property type
Office properties
Property subtype
Other office properties
APN
017-3-11-62-0101
APU
17311620101

Description

This exceptional 1,352 square foot office space, located at 11862 Sunrise Valley Drive Unit 101 in Reston, Virginia, presents a compelling investment opportunity. Situated on the first floor, this property boasts a highly desirable location within a thriving business community. Previously used as a chiropractic office, the layout is well-suited for a variety of professional uses. The space features five private rooms, providing ample privacy for individual offices or consultation areas. A welcoming reception area and comfortable waiting area create a professional and inviting atmosphere for clients. An in-suite bathroom adds to the convenience and functionality of the space. The property also offers the potential for prominent signage, enhancing visibility and attracting potential clients. Currently occupied by a month-to-month tenant, this presents immediate income potential and flexibility for future occupancy. The property is priced at $499,000 and offers a rare chance to acquire a well-appointed office space in a prime Reston location. The absence of a large land parcel (0 acres) makes this an ideal investment for those seeking a manageable and profitable commercial property. This turnkey office space is ready for immediate occupancy or continued rental income. Don't miss this chance to own a piece of Reston's vibrant business landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $292,459
    6.5%
    $269,962
    7%
    $250,679
  • Comparable approach

    Method
    Valuation
    Relative Method
    $226,332
    Geo Method
    $226,332
  • Alternative Use

    Use
    Valuation
    Residential
    $334,753
    Hospitality
    $306,632
    Educational
    $255,114
    Medical
    $263,888
    Retail
    $396,844
11862 Sunrise Valley Dr, Reston, Virginia

Location Insight

City
Reston
County
Fairfax
State
Virginia
Latitude
38.9468
Longitude
-77.3574
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
$5,304
$70,180
$280,740
$350,920
-
$70,180
$280,740
$350,920

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