6716 Whittier AveMclean, VA 22101

Property Details for 6716 Whittier Ave

Year built

1981

Construction

CONCRETE BLOCKS

Lot size

0.02 AC

Property size (Sq ft)

1,928 SF

Zone code

C-8(HIGHWAY COMMERCIAL)

Property type

Office properties

Property subtype

Office buildings

APN

030-2-37-0001

APU

302370001

Description

This exceptional mixed-use property at 6716 Whittier Avenue in McLean, Virginia presents a compelling investment opportunity. Boasting a total area of 2,200 square feet, this building benefits from a highly desirable corner location, ensuring maximum visibility and accessibility. The strategic positioning allows for strong tenant attraction and retention, a key factor in maximizing return on investment. The property features dual access points, enhancing convenience for both occupants and customers. Financially, this property demonstrates significant potential. Annual rental income is projected at $120,000, offset by annual expenses totaling $12,360. This includes a yearly HOA fee of $1,560 and property taxes of $10,800. This results in a substantial net operating income (NOI) of $107,640 per year. The building's prime location and strong financial performance make it an attractive prospect for investors seeking a stable and profitable addition to their portfolio. This is a rare opportunity to acquire a well-situated mixed-use property in the thriving McLean market. The combination of high visibility, dual access, and strong financial projections makes this an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $448,834

  6.5%

  $414,309

  7%

  $384,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $234,895

  Geo Method

  $185,454

• Alternative Use

  Use

  Valuation

  Residential

  $513,743

  Hospitality

  $470,585

  Educational

  $391,522

  Medical

  $404,987

  Retail

  $609,034

Location Insight

City

Mc Lean

County

Fairfax

State

Virginia

Latitude

38.9319

Longitude

-77.1757

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.