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

    6663 -a Old Dominion Dr Mc Lean, VA 22101

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,995 /Mo

    Office space available for rent in MCLEAN, VA.

    Lot size:
    0.02 Acres
    Added:
    Sep 16, 2024
    Days on Market:
    588
    Last Refresh:
    Mar 16 at 9:37 am

    Property Features for 6663 -a Old Dominion Dr

    General Information

    Standard status
    Active
    Lot size
    0.02 Acres

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    PETER JERRY FITZGERALD JR.

    Listing agent PETER JERRY FITZGERALD JR.

    Listing office FITZGERALD PROPERTIES

    Listing date Sep 16, 2024

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of FITZGERALD PROPERTIES

    Overview

    Office Space Available For Rent

    Office space is available for rent at a property located on Old Dominion Drive in MCLEAN, VA. The property is suitable for office use.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Mc Lean
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1677
    Latitude
    38.9398

    Nearby Similar for Lease

    • $5,000/Mo

      Prime McLean Professional Office Space

      Two-level office condo in a convenient McLean location.
      1303 VINCENT Place, MCLEAN, VA 22101
      View Details
    • $1,599/Mo

      Renovated Office Space Available

      Updated office space in prime McLean location, available October 1st.
      1307 DOLLEY MADISON Boulevard, MCLEAN, VA 22101
      View Details
    • $2,200/Mo

      Updated Office Suite in McLean

      First-floor office condo with updates, ample parking, convenient location.
      1311 Vincent Pl #19, MCLEAN, VA 22101
      View Details
    • $39 SF/Yr

      Premier Tysons Office Space

      Luxury office space in a mixed-use urban district.
      8251 Greensboro Drive, McLean, VA, 22102
      View Details
    • $39 SF/Yr

      Premier Office Space Available

      Modern office building with comprehensive amenities for rent.
      8405 Greensboro Drive, McLean, Virginia 22102
      View Details
    • $39 SF/Yr

      Premier Office Space Available

      Modern office building with comprehensive amenities for lease.
      8401 Greensboro Drive, McLean, Virginia 22102
      View Details
    • Sponsored
      Contact for pricing

      Spaces Tysons

      1640 Boro Pl, Mc Lean, VA 22102
      View Details
    • Contact for pricing

      Modern Office Space in McLean

      Renovated office suites in amenity-rich McLean, with easy access to transportation.
      6862 Elm Street, McLean, VA 22101
      View Details
    • Contact for pricing

      Prime End Cap Retail Space

      Highly visible end cap space in affluent McLean trade area.
      6260 Old Dominion Drive, McLean, VA, 22101
      View Details
    • $1,599/Mo

      Renovated Office Space Available

      Updated office unit in prime McLean location, available October 1st.
      1307 Dolley Madison Blvd #3a, MCLEAN, VA 22101
      View Details
    • $25 SF/Yr

      McLean Office Space For Lease

      Office space available for lease in McLean, Virginia.
      6733 Curran St, McLean, VA 22101
      View Details
    • $2,150/Mo

      Remodeled McLean Office Space Available

      Remodeled office space in McLean, near Tysons Corner.
      6888 Elm St #301, MCLEAN, VA 22101
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for rent in MCLEAN, VA.
    Where is this office units located?
    The property is located at 6663 -a Old Dominion Dr Mc Lean, VA.
    What is the lease rate?
    The lease rate is $1,995 /Mo.
    What are key features of this property?
    This property features: Office space available for rent.; Located in MCLEAN, VA.; Building constructed in 1982.
    Edit or Promote this Listing
    Or you can promote this listing later in your account
    We can help!
    Listing Contact
    PETER JERRY FITZGERALD JR.
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!