Property profile

1945 Old Gallows Rd Vienna, VA 22182

OFF-MARKET
Office buildings
Property ID
US87-3732197
174,164 SF 3.53 ac lot Built 1981
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, known as "The Alley," offers 174,164 square feet of premium space in Vienna, VA. Built in 1981 and extensively renovated in 2020, this seven-story building boasts a modern, eco-chic design, highlighted by an indoor-outdoor tenant lounge. The renovation included upgrades to the lobby, common areas, restrooms, and communal spaces, creating a welcoming and elegant workplace. Amenities include a conference center, fitness studio, and ample free parking (574 spaces, including secured garage spaces). The building features four elevators and is situated on a 3.53-acre lot. Currently, multiple tenancy options are available, ranging from 2,302 to 3,278 square feet. Its prime location provides easy access to Route 7, the Capital Beltway, I-495 Express Lanes, I-66, and the Dulles Toll Road, offering convenient access across the DMV area. The Alley is also within a short drive or walk of the numerous retail and entertainment options in Tysons. This impressive property offers incredible value and a strategic location in Northern Virginia, making it an ideal choice for businesses seeking a modern, amenity-rich workspace. The building's design and amenities create an extraordinary environment for employees and future hires.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction STEEL FRAME
Total area 174,164 SF
Lot 3.53 ac (153,640 SF)
Zoning code C-3(OFFICE)
APN 039-2-15-0014-A
UPID US87-3732197

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Real Estate Agency
  • (Bike/Boat/Book/etc) Store Printing Service
  • Information Services Professional Services
  • Law Firm
  • Title Company

Location

1945 Old Gallows Rd Vienna, VA 22182-3931
Vienna metro Census 460501 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$33.97M
Blend (final) Blend
$25.54M

Owner & transaction history

since 2012
4 recorded transactions
2012
$37.6M
2006
Price N/A
2006
$43.3M
1969
Price N/A

Zoning & alternative use

C-3(OFFICE) · Vienna, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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