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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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