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Property profile & analytics
FOR LEASE
Office buildings
1651 Old Meadow Rd Mc Lean, VA 22102
Entity Owned
Free & Clear
Property ID
US87-0521210
For Lease
1 / 2
Contact for pricing
1651 Old Meadow Rd, Mc Lean, VA 22102
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
STEEL FRAME
Total area
88,798 SF
Lot
3.34 ac (145,557 SF)
Zoning code
PTC(PLANNED TYSONS CORNER
APN
029-4-06-0102
UPID
US87-0521210
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cortina Productions Inc Film Production Television Studio
-
Scribbles! LLC Alternative Medicine Practice
-
Network Designs (NDi) (Bike/Boat/Book/etc) Store Corporate Office
-
Erin Schaller Physician Medical Clinic
-
Continuum Pediatric Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.59M
Comparable Approach
Comparable
$21.15M
Blend (final)
Blend
$22.68M
Owner & transaction history
Dolley Madison West LLC
Dolley Madison West LLC
since 2026
Last sale
$21.0M
5 recorded transactions
Zoning & alternative use
PTC(PLANNED TYSONS CORNER · Mc Lean, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mc Lean submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mc Lean submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,885,000
6.5%
$27,585,000
7%
$25,615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$34,985,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$32,740,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$30,205,000
Change: -14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$29,645,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$22.68M
Range $20.41M – $24.95M · ±10% · vs last sale $21.00M (Feb 24 2026)
Last sale anchor
$21.00M
Feb 24 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$255 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$179,021
Tax year 2024
Assessed value
$12,576,130
Assessed 2024
Previous assessed
$13,274,810
-5.3% YoY
Effective rate
1.42%
On assessed value
Assessed land
$12,576,120
Assessed improvement
$10
Land market value
$12,576,120
Improvement market value
$10
Total market value
$12,576,130
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1970
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
6
Total area
88,798 SF
Lot
3.34 ac (145,557 SF)
Zoning code
PTC(PLANNED TYSONS CORNER
APN
029-4-06-0102
UPID
US87-0521210
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PTC(PLANNED TYSONS CORNER · Mc Lean, VAZoning PTC(PLANNED TYSONS CORNER · permitted uses
PTC(PLANNED TYSONS CORNER · Mc Lean, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$35.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.7M
INDUSTRIAL (GENERAL)
Est. value
$30.2M
AUTO REPAIR, GARAGE
Est. value
$29.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
6
Lot
3.34 ac
Current owner
From public records · entity-resolved
Dolley Madison West LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1651 OLD MDW RD STE #650, MC LEAN, VA 22102-4320
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
$20,995,355
Dolley Madison West LLC
Grant 1651 Old Meadow Road LLC
Special Warranty Deed
—
Apr 6, 2017
—
Lincoln 1700 Old Meadow Road L
—
Grant Deed
related
$25,000,000 · Miscellaneous Ins Co
Jul 23, 2010
$156,621,000
Recp IV Wg Office Invtrs LLC
West Group Properties LLC
Grant Deed
—
Jul 23, 2010
—
Grant 1651 Old Meadow Road LLC
Recp IV Wg Land Investors LLC
Grant Deed
related
—
Apr 13, 2005
—
Board Of Supervisors/fairfax County
Virginia Electric & Power Co
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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