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    Property profile & analytics

    1700 Old Mdw Rd Mclean, VA 22102-4302

    • Office buildings
    • 88,798 SF
    • 3.57 lot acres
    OFF-MARKET
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0447406
    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

    • Shipgarten Parking / Parking Lot
    • Shipgarten Parking Lot / Parking Lot
    • Phoenix Consulting Group Inc. / Training Centre
    • West Group Management / Business Management Consultant

    Property Details for 1700 Old Mdw Rd

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    3.57 lot acres
    Property size
    88,798 SF
    Zone code
    PTC(PLANNED TYSONS CORNER
    Property type
    Office buildings
    APN
    029-4-06-0101-A
    APU
    0294060101A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $810,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mclean
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.212
    Latitude
    38.9225
    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
    $216,863
    $13,995,810
    $1,238,680
    $15,234,490
    -
    $13,995,810
    $1,238,680
    $15,234,490

    Comparable in this City

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      $295,000
      0.15 Acres

      International Dr

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    • Value Estimation
      $745,000
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      8000 Westpark Dr

      OFFICE BUILDING • 147,149 SF
      8000 Westpark Dr, Mclean, VA 22102-3114
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    • Value Estimation
      $785,000
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      1675 Capital 1st Dr

      OFFICE BUILDING • 613,000 SF
      1675 Capital 1st Dr, Mclean, VA 22102-3479
      View Details
    • Value Estimation
      $1,185,000
      178,348 SF

      1861 International Dr

      OFFICE BUILDING • 178,348 SF
      1861 International Dr, Mclean, VA 22102-4409
      View Details
    • Value Estimation
      $1,395,000
      268,046 SF

      8281 Greensboro Dr

      OFFICE BUILDING • 268,046 SF
      8281 Greensboro Dr, Mclean, VA 22102-5211
      View Details
    • Value Estimation
      $845,000
      210,263 SF

      1660 International Dr

      OFFICE BUILDING • 210,263 SF
      1660 International Dr, Mc Lean, VA 22102-4848
      View Details

    Similar Nearby for Sale

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      McLean Office Condo - Prime Location

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      Tysons Corner Office Sublease

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    • $1,790,000

      Turnkey Luxury Spa/Office Space

      Premier spa/office space in McLean, VA, move-in ready.
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      Updated Condo with Resort Amenities

      Updated 2-bedroom condo in McLean with utilities included.
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    • $2,000,000
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      Prime Land in Mclean, Virginia

      1.21-acre homesite for a custom luxury residence.
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    Similar Nearby for Lease

    • Contact for pricing
      627,896 SF

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      Prestigious Tysons location, multiple suites.
      7927 Jones Branch Dr, McLean, VA 22102
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    • $37 SF/Yr
      25,776 SF

      Twelve-Story Office Tower For Rent

      Twelve-story office tower in Tysons Corner available for rent.
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      View Details
    • Contact for pricing
      22,008 SF

      Tysons Blvd Office Space Available

      Office space for lease at 1650 Tysons Blvd, McLean, VA.
      1650 Tysons Blvd, Mc Lean, VA 22102
      View Details
    • Contact for pricing
      4,500 SF

      Office Space Near Tysons Metro

      Renovated office space with raised floors near future metro.
      1651 Old Meadow Rd, Mc Lean, VA 22102
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    • $45 SF/Yr
      43,515 SF

      Class A Office Near Metro

      Modern office space with amenities and metro access in Tysons.
      1765 Greensboro Sta Pl, Mc Lean, VA 22102
      View Details
    • Contact for pricing
      17,371 SF

      Modern Office Space in Tysons

      Newly-redeveloped office building with market-leading amenities in thriving Tysons.
      1676 International Dr, Mc Lean, VA 22102
      View Details
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    Mclean, VA 22102-4302
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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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