Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1497 Leesburg Pike Tysons Corner, VA

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space near Spring Hill Metro with high traffic visibility.

    Property size:
    3,550 SF
    Lot size:
    2.06 Acres

    Property Features for 1497 Leesburg Pike

    General Information

    Size
    3,550 SF
    Lot size
    2.06 Acres

    We can help!

    Listing Contact
    Zach Elcano
    Source: Moodyscre

    Listing Agency: Rappaport Listing Agent: Zach Elcano

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

    Learn more

    Overview

    Retail Space Near Spring Hill Metro

    This retail space is located steps from the Spring Hill Metro Station and is easily accessible from the Dulles Toll Road and I-495. The property benefits from a strong mix of restaurant and service users and is shadow anchored by Walmart and a new state-of-the-art Club Studio. Abundant surface parking is available. The location offers excellent visibility from Route 7, which sees 75,200 cars per day. The property offers 3,550 square feet of retail space in Tysons Corner, VA.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Tysons Corner
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2158648
    Latitude
    38.9168372

    Nearby Similar for Lease

    • Contact for pricing
      8,186 SF

      Upscale Retail and Theater Space

      Retail and theater space on Leesburg Pike near I-495.
      8065 Leesburg Pike, Tysons Corner, VA
      View Details
    • Contact for pricing
      3,083 SF

      Tysons Corner Office Space Available

      Office space for rent in the heart of Tysons.
      1521 Westbranch Dr, Tysons Corner, VA 22102
      View Details
    • $3,500 /Mo

      Tysons Corner Office Space Available

      Office spaces available near Tysons Corner Mall and Metro.
      8133 Leesburg, Tysons Corner, VA 22102
      View Details
    • Contact for pricing
      25,776 SF

      Twelve-Story Office Tower For Rent

      Twelve-story office tower in Tysons Corner available for rent.
      8201 Greensboro Dr, Tysons Corner, VA 22102
      View Details
    • Contact for pricing
      3,204 SF

      Tysons Corner Office Space Available

      Office space available for lease in Tysons Corner.
      8603-8607 Westwood Ctr Dr, Tysons Corner, VA
      View Details
    • Contact for pricing
      6,208 SF

      Tysons Corner Office Space

      Office space available for lease in Tysons Corner.
      8130 Boone Blvd, Tysons Corner, VA
      View Details
    • Contact for pricing
      10,362 SF

      Tysons Corner Office Space Available

      Office space available for lease in Tysons Corner.
      1861 International Dr, Tysons Corner, VA 22102
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space near Spring Hill Metro with high traffic visibility.
    Where is this strip mall located?
    The property is located at 1497 Leesburg Pike Tysons Corner, VA.
    What are key features of this property?
    This property features: - Excellent visibility from Route 7 with 75,200 cars per day.; - Steps from the Spring Hill Metro Station and easily accessible from the Dulles Toll road and I-495.; - Shadow anchored by Walmart and a new state-of-the-art Club Studio.
    (571) 382-1200 Call to check price and availability
    Request Owner's contact information
    1497 Leesburg Pike Tysons Corner, VA
    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.
    1497 Leesburg Pike
    Tysons Corner, VA
    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
    1497 Leesburg Pike Tysons Corner, VA
    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
    Zach Elcano
    (571) 382-1200 (571) 382-1228
    Learn more
    Google sign-in failed. Please try again or use another login method.