6870 Elm StMcLean, VA 22101

Property Details for 6870 Elm St

Year built

1977

Construction

STEEL FRAME

Lot size

0.31 AC

Property size (Sq ft)

9,455 SF

Zone code

C-2(LIMITED OFFICE)

Property type

Office properties

Property subtype

Office buildings

APN

030-2-10-06-0001

APU

30210060001

Description

This exceptional 2,987 square foot office building, located at 6870 Elm St in McLean, Virginia (zip code 22101), presents a fantastic opportunity for a single tenant. Situated in a highly desirable Northern Virginia suburb, this Class B building offers a versatile space suitable for various professional uses. Built in 1977, the three-story structure features a convenient elevator and ample natural light. The layout includes a spacious reception/open area, eight additional rooms (including executive offices, a conference room, and a dedicated copier/file room), each with its own window. The property is zoned C-2, allowing for a range of businesses, including legal, medical, accounting, technology, and dental practices. The lease is offered as a full-service (gross) lease with a flexible 5-year term or longer, providing cost predictability and convenience. The building's location near the intersection of Dolley Madison Boulevard and Route 123 ensures excellent accessibility and visibility. This property offers an affordable and functional solution for businesses seeking a prime location in Fairfax County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,201,104

  6.5%

  $2,031,788

  7%

  $1,886,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,151,934

  Geo Method

  $909,476

• Alternative Use

  Use

  Valuation

  Residential

  $2,519,417

  Hospitality

  $2,307,772

  Educational

  $1,920,040

  Medical

  $1,986,073

  Retail

  $2,986,728

Location Insight

City

Mc Lean

County

Fairfax

State

Virginia

Latitude

38.9375

Longitude

-77.1816

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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