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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2917 Hunter Mill Rd Oakton, VA 22124

    • Office Properties & Spaces
    • 1,657 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0694816
    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

    • Office Properties & Spaces

    Property Details for 2917 Hunter Mill Rd

    Year built
    1980
    Construction
    STEEL FRAME
    Property size
    1,657 SF
    Zone code
    C-2(LIMITED OFFICE)
    Property type
    Office Properties & Spaces
    APN
    047-2-22-0011
    APU
    472220011

    Description

    This exceptional 892-square-foot flex space presents a rare opportunity in the vibrant Oakton, Virginia market. Located at 2917 Hunter Mill Road, Unit 25, this ground-floor unit offers convenient walk-in access, making it perfect for a wide range of businesses. The mostly open floor plan provides flexibility for customization, while a private office ensures a dedicated workspace. A restroom and ample storage space add to the unit's practicality. The property features a roll-up door, providing easy loading and unloading capabilities, a significant advantage for businesses requiring such access. This is further enhanced by the rear complex access for the flex units. The location is highly desirable, situated near the intersection of Route 123 and Hunter Mill Road, ensuring excellent visibility and accessibility. Free, unassigned parking is available for added convenience. This versatile space is well-suited for service companies, telecommunications/IT firms, import/export operations, or any business requiring a blend of office and warehouse functionality. The unit's size and features make it an attractive option for businesses seeking a cost-effective and functional workspace in a prime Oakton location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakton
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3005
    Latitude
    38.8823
    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
    $4,424
    $68,940
    $275,750
    $344,690
    -
    $68,940
    $275,750
    $344,690

    Comparable in this City

    • Value Estimation by Request
      1,384 SF

      2915 Hunter Ml Rd Ste, Unit 15

      CONDOMINIUM OFFICES • 1,384 SF
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    • Value Estimation by Request
      1,500 SF

      2968 Chain Brg Rd Ste B

      CONDOMINIUM OFFICES • 1,500 SF
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    • Value Estimation by Request
      1,268 SF

      2915 Hunter Ml Rd Ste, Unit 18

      CONDOMINIUM OFFICES • 1,268 SF
      2915 Hunter Ml Rd Ste, Oakton, VA 22124-1716
      View Details
    • Value Estimation by Request
      1,196 SF

      2917 Hunter Ml Rd, Unit 21

      CONDOMINIUM OFFICES • 1,196 SF
      2917 Hunter Ml Rd, Oakton, VA 22124
      View Details
    • Value Estimation by Request
      892 SF

      2917 Hunter Ml Rd, Unit 25

      CONDOMINIUM OFFICES • 892 SF
      2917 Hunter Ml Rd, Oakton, VA 22124
      View Details
    • Value Estimation
      $570,000
      2,336 SF

      2915 Hunter Ml Rd Ste, Unit 20

      CONDOMINIUM OFFICES • 2,336 SF
      2915 Hunter Ml Rd Ste, Oakton, VA 22124-1716
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Oakton Flex Space: 892 SF

      Ground floor office/warehouse space. Ideal for various businesses.
      2917 Hunter Mill Rd, Oakton, VA 22124
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    Similar Nearby for Lease

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      Oakton Retail Space: Two Suites Available

      Prime Oakton location, flexible spaces, ample parking.
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      Oakton Office Building For Rent

      Eight-story office building with easy access to major highways.
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    Oakton, VA 22124
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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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