Ground-Floor Office
For Sale
$435,000
6800 Fleetwood Rd Unit 102, Mc Lean, VA 22101
Professionally finished, move-in-ready suite with convenient access, parking, and a flexible layout for professional services.
Property Size918 SF
Price / SF$473.86
Days on Market29
Property Features for 6800 Fleetwood Rd Unit 102
General Information
Standard status
Active
Size
918 SF
Additional Details
Floor
Ground Floor
Highway Access
Yes
Building Details
Year Built
1975
Listing Agency:
Compass
(703) 400-4965
Listed By:
Jordan Li
Source:
Southjerseyshorehomesfinder
Added: Aug 2
Changed: Aug 28
Last Checked: Aug 30 at 6:52PM
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 Compass
Investment Insights
Based on property information with market context.
This office unit occupies a ground-level position within the residential condominium community at 6800 Fleetwood Rd. Unit 102. The professionally finished suite is well maintained and configured for flexible office or service-oriented operations, including medical, dental, wellness, legal, financial, insurance, salon, veterinary, and general office uses identified for the property.
The building includes hundreds of residential units, placing the suite within an established residential setting. Ground-floor access and on-site parking support convenient visits for clients and staff. The property is located minutes from Tysons, I-495, Route 123, and the George Washington Memorial Parkway, with established businesses and residential neighborhoods surrounding the community. The building was constructed in 1975.
The building includes hundreds of residential units, placing the suite within an established residential setting. Ground-floor access and on-site parking support convenient visits for clients and staff. The property is located minutes from Tysons, I-495, Route 123, and the George Washington Memorial Parkway, with established businesses and residential neighborhoods surrounding the community. The building was constructed in 1975.
Key Highlights
- Ground‑level office unit at 6800 Fleetwood Rd. Unit 102, McLean, VA 22101
- Located within a condominium community with hundreds of residential units
- Professionally finished and well maintained for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,377
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,540
$347.5K
Cap Rate 7%
$248,243
$248.2K
Cap Rate 9%
$193,078
$193.1K
Market Conditions
NOI Build-Up for 918 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.1K $29.52/SF
− Vacancy
−$3.9K −$4.28/SF
EGI
$23.2K $25.24/SF
− OpEx
−$5.8K −$6.31/SF
NOI
$17.4K $18.93/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,540
Cap Rate 7%
$248,243
Cap Rate 9%
$193,078
Alternative Uses
Best Use
Office B
$248.2K
$217.2K – $289.6K
NOI $17,377 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.85M
$3.37M – $4.49M
NOI $269,362 @ 7.0% cap · market cap 61.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 22101, VA
31,414
Population
11,316
Households
2.8
Avg Household Size
45
Median Age
86%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$250,001
Median Household Income
$126,648
Median Earnings
$3,407
Median Rent
$1,282,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professionally finished, move-in-ready suite with convenient access, parking, and a flexible layout for professional services.
Where is this office units located?
The property is located at 6800 Fleetwood Rd Unit 102 Mc Lean, VA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Ground‑level office unit at 6800 Fleetwood Rd. Unit 102, McLean, VA 22101; Located within a condominium community with hundreds of residential units; Professionally finished and well maintained for immediate occupancy
