Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tysons Office Space For Rent Title is generated by Realmo AI

    Mile - 7927 Jones Branch Drive, Tysons, VA 22102

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    625,000 SF of commercial real estate space in Tysons.

    Type:Office
    Property size:
    625,000 SF
    Added:
    Sep 28, 2023
    Days on Market:
    982
    Last Refresh:
    May 12 at 10:55 pm

    Property Features for Mile - 7927 Jones Branch Drive

    General Information

    Standard status
    Active
    Size
    625,000 SF
    Property subtype
    Office

    Spaces For Lease

    at Mile - 7927 Jones Branch Drive Contact us

    We can help!

    Listing Contact
    Francisco Rodezno

    Listing agent Francisco Rodezno License #WA

    Listing office Link Logistics

    Listing date Sep 28, 2023

    Source Crexi

    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 Link Logistics

    HighLights

    • Over 625,000 SF of commercial real estate space.
    • Located in Tysons, a prestigious location.
    • Six buildings available.
    • Nationally recognized retail hub.
    • Close proximity to Tysons Corner Center and Tysons Galleria.
    • Formerly named Westpark Business Campus.

    Overview

    The Mile, previously known as Westpark Business Campus, provides over 625,000 square feet of commercial space. The property is located in Tysons, Virginia, an area recognized as a retail hub, with Tysons Corner Center and Tysons Galleria regional malls situated less than one mile away. The property consists of six buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Law Firm 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
    Tysons
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2307
    Latitude
    38.9512

    Nearby Similar for Lease

    • $129-$4,776/Mo
      11-1,292 SF

      Towers Crescent

      8000 Towers Crescent Dr, Unit 13TH, Tysons, VA 22182
      View Details
    • Sponsored
      Contact for pricing

      VA, McLean - Spaces Tysons

      1640 Boro Pl, Unit 4TH, Tysons, VA 22102
      View Details
    • $35 SF/Yr
      1,017 SF

      Tysons Office Space For Rent

      Office space available for lease in Tysons, Virginia.
      1934 Old Gallows Rd, Tysons, VA
      View Details
    • Contact for pricing

      Premier Retail Destination in Tysons

      Top shopping destination with diverse retail and dining options.
      1961 Chain Bridge Road, Tysons, VA, 22102
      View Details
    • Contact for pricing
      1,442 SF

      Corner Retail Space in Tysons

      Retail space in a high-rise, accessible to transportation.
      1521 Boyd Pointe Way, Tysons, VA
      View Details
    • $27 SF/Yr
      785,000 SF

      Class A Office Space Tysons

      785,000 SF Class A office with unique campus setting.
      7950 Jones Branch Dr, Tysons, VA 22102
      View Details
    • Contact for pricing
      2,056 SF

      Retail Space Near Tysons Corner

      Retail space available in Tysons, Virginia, near Hilton Hotel.
      7970 Maitland St, Tysons, VA
      View Details
    • $40 SF/Yr
      17,171 SF

      Tysons Office Space For Rent

      Office space available in Tysons near Leesburg Pike.
      8075 Leesburg Pike, Tysons, VA
      View Details
    • $40 SF/Yr
      15,341 SF

      Upscale Office Space in Tysons

      Office space in Fairfax Square near Tysons Corner Malls.
      8045 Leesburg Pike, Tysons, VA
      View Details
    • Contact for pricing
      2,400 SF

      Prime Tysons Corner Retail Opportunity

      Retail space available in a large mixed-use Tysons development.
      8305 Greensboro Dr, Tysons, VA
      View Details
    • Contact for pricing
      6,513 SF

      Retail Space in Arbor Row

      Retail space available in a mixed-use development near Metro.
      7929 Westpark Dr, Tysons , VA
      View Details
    • Contact for pricing
      2,924 SF

      Retail Corner Space For Lease

      2,924 SF corner retail space in The Boro.
      Tysons, VA, Tysons, VA 22102
      View Details

    FAQs

    What type of property is this?
    Office building - 625,000 SF of commercial real estate space in Tysons.
    Where is this office building located?
    The property is located at Mile - 7927 Jones Branch Drive Tysons, VA.
    What are key features of this property?
    This property features: Over 625,000 SF of commercial real estate space.; Located in Tysons, a prestigious location.; Six buildings available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Francisco Rodezno
    Real Estate License ID: WA
    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

    Thank You for Inquiry
    Mile - 7927 Jones Branch Drive, Tysons, VA 22102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!