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    8359 Leesburg Pike Tysons, VA 22182
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    8359 Leesburg Pike, Tysons, VA 22182

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    • Retail properties & Spaces
    • 7,024 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 8359 Leesburg Pike

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 8359 Leesburg Pike in Vienna, Virginia (zip code 22182), offers a total of 7,024 square feet across two suites within the Tysons Square development in Fairfax County. The property is currently partially vacant, with 4,068 square feet immediately available for lease. Individual suites range from a minimum of 1,880 square feet to a maximum contiguous space of 2,188 square feet, providing flexibility for various retail businesses. The property's prime location in the vibrant Tysons Corner area offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and strong consumer demographics. This is a multi-tenant building, presenting a unique opportunity to establish a presence in a thriving commercial hub. The address is easily accessible from major roadways, ensuring convenient access for both customers and employees. This is a rare opportunity to secure high-quality retail space in a highly sought-after location. Interested parties should inquire promptly to secure their preferred space. The property is classified as Commercial Retail.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tysons
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.235
    Latitude
    38.9207

    Comparable in this City

    • Value Estimation
      $910,000
      19,260 SF

      8508 Leesburg Pike

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      8508 Leesburg Pike, Vienna, VA 22182-2405
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    • Value Estimation
      $640,000
      13,500 SF

      2059 Chain Brg Rd

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    • Value Estimation
      $755,000
      12,078 SF

      8411 Old Courthouse Rd

      DEPARTMENT STORE
      8411 Old Courthouse Rd, Vienna, VA 22182-3807
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    • Value Estimation by Request
      0.67 Acres

      8042 Leesburg Pike

      REGIONAL SHOPPING CENTER, MALL
      8042 Leesburg Pike, Vienna, VA 22182-2716
      View Details
    • Value Estimation
      $2,600,000
      30,513 SF

      1586 Spg Hl Rd

      VEHICLE SALES, RENTALS
      1586 Spg Hl Rd, Vienna, VA 22182
      View Details
    • Value Estimation
      $3,570,000
      177,572 SF

      1500 Cornerside Blvd

      MINI-MALL
      1500 Cornerside Blvd, Vienna, VA 22182-2433
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Flat Land in Vienna

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      Tysons Corner Office Condo

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      1,504 SF

      Second Floor Office Condominium

      End unit office condo with multiple offices and restrooms.
      8296-8298 Old Courthouse Rd, Vienna, VA 22182
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Tysons Corner Location

      Located in the heart of Tysons Corner near Tysons Mall.
      8150 Leesburg Pike, Vienna, VA 22182
      View Details
    • Contact for pricing
      9,220 SF

      Restaurant Space in Tysons Corner

      Built-out restaurant space with high traffic and dedicated parking.
      1747 Tysons Ctr St, Vienna, VA 22182
      View Details
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      Amenity-Driven Mixed-Use Office Center

      Located near Spring Hill Metro Stop in Northern Virginia.
      8603 Westwood Center Dr, Vienna, VA 22182
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    • Contact for pricing
      6,057 SF

      Retail Space in High-Traffic Area

      Retail space available in a busy shopping center.
      8301-8319 Leesburg Pike, Vienna, VA 22182
      View Details
    • Contact for pricing
      3,550 SF

      Retail Space Near Spring Hill Metro

      Retail space near Spring Hill Metro with high traffic visibility.
      1497 Leesburg Pike, Tysons Corner, VA 22182
      View Details
    • Contact for pricing
      492 SF

      Retail Space in Pike 7 Plaza

      Retail space for lease in Tysons Corner retail district.
      8399 Leesburg Pike, Vienna, VA 22182
      View Details
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    Tysons, VA 22182
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    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
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