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    1760 Old Mdw Rd Mc Lean, VA 22102-4331

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    Property profile & analytics

    1760 Old Mdw Rd Mc Lean, VA 22102-4331

    View on Map
    • Office buildings
    • 111,040 SF
    • 2.69 lot acres
    Off-Market
    Last Sale Oct 6, 2021
    $34,500,000
    Property ID
    US87-1261753
    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
    $34,615,000
    Show details
    Cap Rate Potential
    6.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • United Wellness & Sports Rehab TYSONS / Alternative Medicine Practice
    • Masterman Krogmann PC / Law Firm
    • Drexel University College of Medicine - Behavioral Healthcare / University
    • Regenerative Orthopedics and Sports Medicine / Medical Clinic / Physician
    • H. Edward Lane, III, M.D. / Physician

    Property Details for 1760 Old Mdw Rd

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    2.69 lot acres
    Property size
    111,040 SF
    Zone code
    C-3(OFFICE)
    Property type
    Office buildings
    APN
    029-4-06-0099-B
    APU
    0294060099B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $34,965,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $37,370,000
      6.5%
      $34,495,000
      7%
      $32,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $26,445,000
      Market price range: $26.4M - $54.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $43,750,000
      Current use
      COMMERCIAL (GENERAL)
      $50,435,000
      Change: +15% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $40,940,000
      Change: -6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $37,770,000
      Change: -14% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $37,070,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mc Lean
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2132
    Latitude
    38.9204
    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
    $305,877
    $4,390,680
    $17,097,010
    $21,487,690
    -
    $4,390,680
    $17,097,010
    $21,487,690

    Comparable in this City

    • Value Estimation
      $33,680,000
      209,735 SF

      7594 Colshire Dr

      OFFICE BUILDING • 209,735 SF
      7594 Colshire Dr, Mclean, VA 22102
      View Details
    • Value Estimation
      $25,370,000
      171,462 SF

      8270 Greensboro Dr

      OFFICE BUILDING • 171,462 SF
      8270 Greensboro Dr, Mc Lean, VA 22102-3800
      View Details
    • Value Estimation
      $10,645,000
      396,520 SF

      1600 International Dr

      OFFICE BUILDING • 396,520 SF
      1600 International Dr, Mclean, VA 22102-4860
      View Details
    • Value Estimation
      $7,840,000
      288,946 SF

      8484 Westpark Dr

      OFFICE BUILDING • 288,946 SF
      8484 Westpark Dr, Mclean, VA 22102-5117
      View Details
    • Value Estimation by Request
      358,784 SF

      1550 Tysons Mclean Dr

      OFFICE BUILDING • 358,784 SF
      1550 Tysons Mclean Dr, Mc Lean, VA 22102
      View Details
    • Value Estimation
      $37,715,000
      244,500 SF

      8008 Westpark Dr

      OFFICE BUILDING • 244,500 SF
      8008 Westpark Dr, Mclean, VA 22102-3109
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.03 Acres

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      Luxury Office Suites near Tysons Corner
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      4.00 Acres

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      McLean Office Condo - Prime Location

      1,152 sq ft Office, Ground Level, Tysons Area
      8351 Greensboro Dr, Mclean, 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
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    • Contact for pricing
      4.99 Acres

      Prime Vienna Retail Opportunity

      4.99 Acres, High-Visibility Location
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    • $1,850,000
      0.83 Acres

      Land in Prestigious McLean Location

      0.83-acre homesite for custom luxury residence near Tysons Corner.
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    Similar Nearby for Lease

    • 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

      Office Space Available For Rent

      Office space available for rent at Pinnacle Drive, McLean, VA.
      1751 Pinnacle Dr, Mc Lean, VA 22102
      View Details
    • Contact for pricing
      4,435 SF

      Twelve-Story Office Tower For Rent

      Twelve-story office tower in Tysons Corner available for rent.
      8201 Greensboro Dr, Tysons Corner, VA 22102
      View Details
    • $36 SF/Yr
      230,028 SF

      McLean Office Space Available

      Office building in McLean, VA, offering 230,028 square feet.
      7900 Westpark Dr, Mc Lean, VA 22102
      View Details
    • $39 SF/Yr
      23,108 SF

      Premier Office Space Available

      Modern office building with comprehensive amenities for rent.
      8405 Greensboro Dr, Mc Lean, VA 22102
      View Details
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    Mc Lean, VA 22102-4331
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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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