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    7777 Leesburg Pike, Falls Church, VA 22043 Falls Church, VA 22043

    Sponsored
    For Lease
    Contact for pricing

    Prime Falls Church Office Space: Various Sizes Available

    Lot size:
    21,055 SF

    Description

    Added:
    Jan 22, 2025
    Days on Market:
    364
    The Four Sevens Building, located at 7777 Leesburg Pike in Falls Church, VA 22043, offers a diverse range of office spaces, perfect for businesses of all sizes. This five-story building provides move-in ready offices and spec suites, ranging from smaller units to larger spaces totaling 21,055 square feet. The building boasts a unique tenant mix, currently housing a variety of businesses including legal practices, salons, training centers, dance studios, and healthcare providers. Tenants enjoy convenient amenities such as high-speed internet and cable access, along with a state-of-the-art controlled access system. Ample free on-site parking is also available. Its strategic location offers unparalleled access to major transportation arteries, including the Beltway (I-495), Route 7, and I-66, providing easy commutes to Maryland and Washington, D.C., and convenient access to the Express Lanes. The building's proximity to Tysons Corner ensures easy access to a wide array of shopping, dining, and entertainment options. This exceptional location and the variety of available spaces make the Four Sevens Building an ideal choice for businesses seeking a thriving and convenient location in Northern Virginia. Contact us today to learn more about available office spaces and lease terms.

    Property Features for 7777 Leesburg Pike, Falls Church, VA 22043

    General Information

    Property type
    Residential offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,055 SF
    Class
    C
    Total Parking Spaces
    336
    Elevators
    N/A

    Building Details

    Year Built/Renovated
    1970/2010

    We can help!

    Listing Contact
    Darren Bernstein

    Learn more

    HighLights

    • Five floors of move‑in ready office space, various sizes available.
    • Abundant free on‑site parking and high‑speed internet included.
    • Prime location near Tysons Corner, I‑495, Route 7, and I‑66.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential offices

    Map

    City
    Falls Church
    State
    Virginia

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    FAQs

    What type of property is this?
    Residential office - Prime Falls Church Office Space: Various Sizes Available
    Where is this residential office located?
    The property is located at 7777 Leesburg Pike, Falls Church, VA 22043 Falls Church, VA.
    What are key features of this property?
    This property features: Five floors of move-in ready office space, various sizes available.; Abundant free on-site parking and high-speed internet included.; Prime location near Tysons Corner, I-495, Route 7, and I-66.
    (703) 204-2000
    Request Owner's contact information
    7777 Leesburg Pike, Falls Church, VA 22043 Falls Church, VA 22043
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    Falls Church, VA 22043
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7777 Leesburg Pike, Falls Church, VA 22043 Falls Church, VA 22043
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    We can help!
    Listing Contact
    Darren Bernstein
    (703) 204-2000
    Learn more
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