Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1651 Old Meadow Rd Mc Lean, VA 22102

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renovated office space with raised floors near future metro.

    Property size:
    4,500 SF
    Lot size:
    3.35 Acres

    Property Features for 1651 Old Meadow Rd

    General Information

    Size
    4,500 SF
    Lot size
    3.35 Acres

    We can help!

    Listing Contact
    Bernie Mckeever Sr
    Source: Moodyscre

    Listing Agency: Transwestern | Mid-Atlantic Listing Agent: Bernie Mckeever Sr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Space Near Tysons Metro

    This property offers 4,500 square feet of office space featuring raised floor computer space. Recent renovations have been completed in the main lobby, elevator cabs, common areas, and restrooms. The property is located directly across the street from the future Tysons Metro Station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cortina Productions Inc Film Production Scribbles! LLC​ Alternative Medicine Practice Network Designs (NDi) (Bike/Boat/Book/etc) Store Erin Schaller Physician Continuum Pediatric Therapy Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mc Lean
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2097987
    Latitude
    38.9232013

    Nearby Similar for Lease

    • $5,000 /Mo

      Prime McLean Professional Office Space

      Two-level office condo in a convenient McLean location.
      1303 Vincent Pl, Mc Lean, VA 22101
      View Details
    • $1,599 /Mo
      28,750 SF

      Renovated Office Space Available

      Updated office space in prime McLean location, available October 1st.
      1307 Dolley Madison Blvd, Mc Lean, VA 22101
      View Details
    • $22 SF/Yr
      22,216 SF

      MCLEAN Office Space For Lease

      Top floor office suite with windowed offices and updated HVAC.
      1340 Old Chain Bridge Rd, Mc Lean, VA 22101
      View Details
    • $500 /Mo
      174,240 SF

      Tysons Corner Private Offices

      Private offices for sublease in Tysons Corner, $500/month/office.
      1749 Old Meadow Rd, Mc Lean, VA 22102
      View Details
    • Sponsored
      New
      Contact for pricing

      Spaces Tysons

      Workspaces, services and support to help you grow your business in Spaces Tysons
      1640 Boro Pl, Mc Lean, VA 22102
      View Details
    • $2,987 /Mo

      Turnkey Boutique Office Space Available

      High-end 1,064 SF office space for lease in McLean.
      6846 Elm St, Mc Lean, VA 22101
      View Details
    • $1,599 /Mo

      Renovated Office Space Available Soon

      Updated office unit in prime McLean location, available soon.
      1307 Dolley Madison Blvd, Mc Lean, VA 22101
      View Details
    • $1,750 /Mo

      McLean Office Space For Rent

      Professionally managed office space in McLean, close to Tysons.
      6667A Old Dominion Dr, Mc Lean, VA 22101
      View Details
    • $750 /Mo

      McLean Office Space For Rent

      Three-level brick building with retail and office spaces available.
      6728 Curran St, Mc Lean, VA 22101
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office space with raised floors near future metro.
    Where is this office units located?
    The property is located at 1651 Old Meadow Rd Mc Lean, VA.
    What are key features of this property?
    This property features: - Located directly across the street from future Tysons Metro Station.; - Renovations to main lobby recently completed.; - Renovations to elevator cabs recently completed.
    (202) 775-7000 Call to check price and availability
    Request Owner's contact information
    1651 Old Meadow Rd Mc Lean, VA 22102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1651 Old Meadow Rd
    Mc Lean, VA 22102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1651 Old Meadow Rd Mc Lean, VA 22102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bernie Mckeever Sr
    (202) 775-7000 (703) 749-9483
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!