Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1524 Spg Hl Rd Mclean, VA 22102-3007
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1524 Spg Hl Rd Mclean, VA 22102-3007

    View on Map
    • Warehouses
    • 150,625 SF
    • 5.51 lot acres
    Off-Market
    Property ID
    US87-1124382
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $17,555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • McLean Tint & Wraps / Interior Design / Auto Repair Shop
    • H and S Fashion Group / Big Box & Wholesale Store
    • NTB-National Tire & Battery / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Dogtopia of Tysons Corner / Kennel & Boarding Facility
    • Virginia Glass / Auto Repair Shop / (Bike/Boat/Book/etc) Store

    Property Details for 1524 Spg Hl Rd

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    5.51 lot acres
    Property size
    150,625 SF
    Zone code
    PTC(PLANNED TYSONS CORNER
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    029-3-01-0060-C
    APU
    0293010060C

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $11,609,000
      Market price range: $5.40M - $24.5M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mclean
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2366
    Latitude
    38.9302
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $288,509
    $20,267,580
    $10
    $20,267,590
    -
    $20,267,580
    $10
    $20,267,590

    Comparable in this City

    • Value Estimation
      $15,065,000
      93,250 SF

      1751 Old Mdw Rd

      MINI-WAREHOUSE, STORAGE • 93,250 SF
      1751 Old Mdw Rd, Mclean, VA 22102-4301
      View Details
    • Value Estimation
      $22,540,000
      159,280 SF

      1504 Spg Hl Rd

      MINI-WAREHOUSE, STORAGE • 159,280 SF
      1504 Spg Hl Rd, Mclean, VA 22102
      View Details
    • Value Estimation
      $19,070,000
      87,327 SF

      1764 Old Mdw Ln

      MINI-WAREHOUSE, STORAGE • 87,327 SF
      1764 Old Mdw Ln, Mclean, VA 22102-4309
      View Details
    • Value Estimation
      $42,045,000
      69,089 SF

      1764th Old Mdw Ln

      INDUSTRIAL (GENERAL) • 69,089 SF
      1764th Old Mdw Ln, Mclean, VA 22102-4309
      View Details
    • Value Estimation
      $46,935,000
      72,546 SF

      1755 Old Mdw Rd

      INDUSTRIAL (GENERAL) • 72,546 SF
      1755 Old Mdw Rd, Mclean, VA 22102-4301
      View Details
    • Value Estimation
      $2,335,000
      12,310 SF

      1540 Spg Hl Rd

      INDUSTRIAL (GENERAL) • 12,310 SF
      1540 Spg Hl Rd, Mclean, VA 22102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.03 Acres

      McLean Office Building: Prime Location

      Luxury Office Suites near Tysons Corner
      7918 Jones Branch Dr, Mclean, VA 22102
      View Details
    • Contact for pricing
      4.00 Acres

      Tysons Corner Office Sublease

      Three Private Offices, Metro Accessible
      1749 Old Meadow Rd, Mclean, VA 22102
      View Details
    • $1,650,000
      2.31 Acres

      2.3-Acre Lot in Coveted McLean

      Rare opportunity to build your dream estate in McLean, VA.
      7701 Lewinsville Rd, Mc Lean, VA 22102
      View Details
    • $1,925,000
      0.96 Acres

      Prime Land in McLean, Virginia

      Exclusive opportunity to build a custom luxury residence.
      Georgetown Pike, Mc Lean, VA 22102
      View Details
    • $1,850,000
      0.83 Acres

      Land in Prestigious McLean Location

      0.83-acre homesite for custom luxury residence near Tysons Corner.
      Spring Hill Rd, Mc Lean, VA 22102
      View Details
    • Contact for pricing

      McLean Office Condo - Prime Location

      1,152 sq ft Office, Ground Level, Tysons Area
      8351 Greensboro Dr, Mclean, VA 22102
      View Details

    Similar Nearby for Lease

    • Sponsored
      New
      Contact for pricing

      VA, McLean - Spaces Tysons

      Workspaces, services and support to help you grow your business in Spaces Crabtree Terrace
      1640 Boro Pl, Tysons, VA 22102
      View Details
    • Contact for pricing
      11,873 SF

      Tysons Corner Retail/Flex/Office Space

      11,873 SF retail/flex/office space in Tysons Corner.
      1690 Old Meadow Rd, Mc Lean, VA 22102
      View Details
    • Sponsored
      New
      Contact for pricing

      Spaces Tysons

      Workspaces, services and support to help you grow your business in Spaces Tysons
      1640 Boro Pl, Mc Lean, VA 22102
      View Details
    • Contact for pricing

      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

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      1501 Farm Credit Dr, Mc Lean, VA 22102
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Tysons, Virginia.
      1765 Greensboro Sta Pl, Tysons, VA 22102
      View Details
    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.
    1524 Spg Hl Rd
    Mclean, VA 22102-3007
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!