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

    2936 Chain Bridge Rd Oakton, VA 22124

    • Office buildings
    • 3,588 SF
    • 0.59 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3846246
    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 buildings

    Property Details for 2936 Chain Bridge Rd

    Year built
    1935
    Construction
    FRAME
    Lot size
    0.59 lot acres
    Property size
    3,588 SF
    Zone code
    C-2(LIMITED OFFICE)
    Property type
    Office buildings
    APN
    047-2-01-0093
    APU
    472010093

    Description

    This exceptional office building presents a fantastic opportunity for businesses seeking flexible and conveniently located space in Oakton, Virginia. Situated next to the vibrant Oakton Shopping Center, this property offers unparalleled access to amenities and a thriving commercial environment. The building features a traditional office layout, currently offering multiple suites available for lease. One immediately available space totals 1,482 square feet, while a total of 5,651 square feet is currently vacant and can be configured to meet various business needs. The building's prime location in Fairfax County ensures easy access to major transportation routes, making commuting a breeze for employees and clients alike. The proximity to the Oakton Shopping Center provides employees with a wide array of dining, retail, and service options, enhancing the overall work experience. This is an ideal location for businesses seeking a professional, accessible, and amenity-rich environment. The available space offers the potential for customization, allowing businesses to design their ideal workspace. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this thriving commercial hub. The building's traditional office design provides a classic and professional atmosphere, perfect for a variety of businesses. Don't miss this chance to secure your ideal office space in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,205,000
      6.5%
      $1,115,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $904,000
      Market price range: $408k - $904k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,110,000
      Current use
      COMMERCIAL (GENERAL)
      $1,630,000
      Change: +47% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,575,000
      Change: +42% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,325,000
      Change: +19% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,200,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakton
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3005
    Latitude
    38.8816
    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
    $45,870
    $2,155,440
    $1,418,410
    $3,573,850
    -
    $2,155,440
    $1,418,410
    $3,573,850

    Comparable in this City

    • Value Estimation
      $900,000
      3,232 SF

      2964 Chain Brg Rd

      OFFICE BUILDING • 3,232 SF
      2964 Chain Brg Rd, Oakton, VA 22124-3006
      View Details
    • Value Estimation
      $4,630,000
      21,204 SF

      2940 Hunter Ml Rd

      OFFICE BUILDING • 21,204 SF
      2940 Hunter Ml Rd, Oakton, VA 22124-1790
      View Details
    • Value Estimation
      $3,660,000
      14,178 SF

      2960 Chain Brg Rd

      OFFICE BUILDING • 14,178 SF
      2960 Chain Brg Rd, Oakton, VA 22124-3039
      View Details
    • Value Estimation
      $49,475,000
      443,750 SF

      3033 Chain Brg Rd

      OFFICE BUILDING • 443,750 SF
      3033 Chain Brg Rd, Oakton, VA 22124-2542
      View Details
    • Value Estimation
      $1,550,000
      17,400 SF

      2911 Hunter Ml Rd

      OFFICE BUILDING • 17,400 SF
      2911 Hunter Ml Rd, Oakton, VA 22124-1719
      View Details
    • Value Estimation
      $11,965,000
      73,000 SF

      10455 White Granite Dr

      OFFICE BUILDING • 73,000 SF
      10455 White Granite Dr, Oakton, VA 22124-2764
      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
      View Details
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      Oakton Specialty Property for Sale

      Specialty property available in Oakton, Virginia.
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      Specialty property available for sale in Oakton, Virginia.
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      Vale Road Specialty Property

      Specialty property available for sale on Vale Road.
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      View Details
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      Land For Sale

      Land available for sale.
      10411 Adel Rd, Oakton, VA 22124
      View Details
    • $1,300,000

      Specialty Property For Sale

      Specialty property available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      7,641 SF

      Oakton Office Building For Rent

      Eight-story office building with easy access to major highways.
      3201 Jermantown Rd, Oakton, VA 22124
      View Details
    • Contact for pricing
      7,565 SF

      Oakton Office Space For Lease

      Office space available with convenient access to transportation.
      10455 White Granite Dr, Oakton, VA 22124
      View Details
    • $25 SF/Yr
      5,651 SF

      Oakton Office Space Available Now

      Prime Oakton location, multiple suites, flexible space.
      2936 Chain Bridge Rd, Oakton, VA 22124
      View Details
    • $40 SF/Yr
      17,400 SF

      Oakton Retail Space: Two Suites Available

      Prime Oakton location, flexible spaces, ample parking.
      2911 Hunter Mill Rd, Oakton, VA 22124
      View Details
    • Contact for pricing
      3,070 SF

      Oakton Retail Space for Lease

      Prime Chain Bridge Rd location, 3,070 SF
      2964 Chain Bridge Rd, Oakton, VA 22124
      View Details
    • Contact for pricing
      12,500 SF

      Divisible Land Site For Rent

      Divisible land ideal for trailer parking or outdoor storage.
      S /N Ln Presa, Oakton, VA 22124
      View Details
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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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