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    Property profile & analytics

    1577 Spg Hl Rd Vienna, VA 22182-2223

    • Office buildings
    • 120,985 SF
    • 3.52 lot acres
    OFF-MARKET
    Last Sale
    Jul 02, 2025
    $12,000,000
    Value Estimations
    $15,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0968866
    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.

    Current Use by Public Records

    • Pho Deluxe Tysons / Restaurant
    • Salon Plaza / Hair Salon / Nail Salon
    • Javier Uribe Real Estate Agent / Real Estate Agency
    • Spring Hill Real Estate LLC / Real Estate Agency
    • Karen y Mario Real Estate Team / Real Estate Agency

    Property Details for 1577 Spg Hl Rd

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    3.52 lot acres
    Property size
    120,985 SF
    Zone code
    C-7(REGIONAL RETAIL)
    Property type
    Office buildings
    APN
    029-3-01-0002-F
    APU
    0293010002F

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,850,000
      ML approach
      $17,850,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,371,000
      Market price range: $5.74M - $23.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Vienna
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2425
    Latitude
    38.9273
    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
    $298,011
    $5,444,330
    $15,490,750
    $20,935,080
    -
    $5,444,330
    $15,490,750
    $20,935,080

    Comparable in this City

    • Value Estimation
      $5,875,000
      40,796 SF

      8321 Old Courthouse Rd

      OFFICE BUILDING • 40,796 SF
      8321 Old Courthouse Rd, Vienna, VA 22182-3817
      View Details
    • Value Estimation
      $46,735,000
      305,250 SF

      1850 Towers Cres Plz

      OFFICE BUILDING • 305,250 SF
      1850 Towers Cres Plz, Vienna, VA 22182-6230
      View Details
    • Value Estimation
      $22,890,000
      162,840 SF

      8229 Boone Blvd

      OFFICE BUILDING • 162,840 SF
      8229 Boone Blvd, Vienna, VA 22182-2623
      View Details
    • Value Estimation by Request
      1,518 SF

      2238th Gallows Rd

      OFFICE BUILDING • 1,518 SF
      2238th Gallows Rd, Vienna, VA 22182-5225
      View Details
    • Value Estimation by Request
      0.08 Acres

      Vienna, VA 22182

      OFFICE BUILDING • 0.08 Acres
      Vienna, VA 22182
      View Details
    • Value Estimation
      $20,740,000
      148,734 SF

      8133 Leesburg Pike

      OFFICE BUILDING • 148,734 SF
      8133 Leesburg Pike, Vienna, VA 22182-2751
      View Details

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    • Contact for pricing
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    • Contact for pricing
      0.05 Acres

      Vienna Office Space - Gallows Road

      Prime Vienna Office, Abundant Parking
      1952 Gallows Rd, Vienna, VA 22182
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    • $1,289,000
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      Versatile Flex Space with Offices

      Adaptable workspace featuring offices, conference rooms, and storage.
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    • $1,549,000

      Spacious Tysons Corner Office Condo

      5,146 SF office condo in the heart of Tysons Corner.
      1964 Gallows Rd, Vienna, VA 22182
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    • $1,549,000

      Tysons Corner Office Condo

      Spacious 5,146 SF office condo in the heart of Tysons.
      1964 Gallows Rd, Vienna, VA 22182
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    • Contact for pricing
      1,504 SF

      Second Floor Office Condominium

      End unit office condo with multiple offices and restrooms.
      8296-8298 Old Courthouse Rd, Vienna, VA 22182
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Westwood Center Office Space Available

      87,175 square feet of rentable office space in Vienna.
      8607 Westwood Center Dr, Vienna, VA 22182
      View Details
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      Updated Office Building Near Amenities

      Modern office building near Tysons Corner and Vienna.
      2095 Chain Bridge Rd, Vienna, VA 22182
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      2,312 SF

      Class A Office Space Available

      Seven-story office building with convenient access to major routes.
      8100 Boone Blvd, Vienna, VA 22182
      View Details
    • Contact for pricing
      14,000 SF

      Freestanding Two-Story Building For Rent

      14,000 SF freestanding building suitable for various uses.
      1912 Woodford Rd, Vienna, VA 22182
      View Details
    • Contact for pricing
      78,012 SF

      Westwood Center Park Offices

      Vienna, VA Office Space Available
      8609 Westwood Center Dr Vienna, VA 22182, Vienna, VA 22182
      View Details
    • Contact for pricing

      Prestigious Tysons Corner Office Space

      Elegant office building with premium amenities and convenient location.
      8609 Westwood Center Dr, Vienna, VA 22182
      View Details
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    1577 Spg Hl Rd
    Vienna, VA 22182-2223
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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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