1860 Town Ctr Dr #250Reston, VA 20190

Property Details for 1860 Town Ctr Dr #250

Property size (Sq ft)

537 SF

Zone code

PRC(COMMERCIAL/INDUSTRIAL

Property type

Office properties

Property subtype

Other office properties

APN

017-1-28-0220-A

APU

0171280220A

Description

This 2,135-square-foot medical office condominium is located at 1860 Town Center Drive #250, Reston, VA 20190. Built in 2003, this single-story unit is situated within the Reston Hospital Center complex, offering convenient access to hospital facilities and an on-site surgery center. The property features free on-site parking for both employees and patients, a significant advantage in a high-traffic area (67,000 vehicles per day). The unit is currently vacant, presenting an ideal opportunity for an owner-user. Its adaptable configuration suits various medical practices. The condominium association minimizes ownership responsibilities. The property is zoned PRC and has an APN of 0171-28-0250. Its location along a highly trafficked corridor in Reston, Fairfax County, Virginia, ensures high visibility and accessibility. The asking price is $735,000. This well-maintained property offers a compelling investment opportunity due to its prime location, convenient amenities, and minimal ownership burdens.

• CAP approach

  CAP return

  Valuation

  6%

  $138,737

  6.5%

  $128,065

  7%

  $118,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,368

  Geo Method

  $107,368

• Alternative Use

  Use

  Valuation

  Residential

  $158,801

  Hospitality

  $145,461

  Educational

  $121,021

  Medical

  $125,184

  Retail

  $188,256

Location Insight

City

Reston

County

Fairfax

State

Virginia

Latitude

38.9617

Longitude

-77.3663

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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