319 Mill St NE Vienna, VA 22180
Property profile & analytics
319 Mill St NE, Vienna, VA 22180
- Warehouses
- 23,000 SF
- 0.71 lot acres
Property ID
US87-0897370
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.
Location Intelligence
Current Use by Public Records
- Karla Colletto Swimwear Inc / Swimwear Store / Professional Services
- Legend Wrestling Club / Family Recreation Center
- FSO Academy / Training Center
- Velocity Dance / Training Center
- Cooper Materials Handling / Construction Company / General Contractor
Property Details for 319 Mill St NE
- Year built
- 1970
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.71 lot acres
- Zone code
- CM(LIMITED INDUSTRIAL)
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 038-2-02-0059
- APU
- 382020059
Description
This exceptional investment opportunity presents a 22,640-square-foot Class B industrial flex/warehouse property located at 319 Mill Street NE, Vienna, VA 22180. Boasting a 6.06% cap rate and a stabilized NOI of $514,895, this multi-tenant property offers significant returns. The building, constructed in 1995, sits on a 19,824-square-foot lot and features 4 loading docks, 4 dock-high doors, and an impressive 18-foot ceiling height. Ample parking is provided with 39 spaces. Currently 100% occupied since October 24, 2023, the property benefits from a strong tenant base with leases structured as NNN (Net, Net, Net), ensuring minimal landlord responsibilities. Leases include 3 or 4% annual rent bumps, providing consistent income growth. The property is zoned CM (Town of Vienna) and enjoys a prime location in Northern Virginia, conveniently situated near major roadways including I-495, I-66, and Route 123, providing easy access to the Tysons Corner business and retail market. The asking price is $8,500,000, translating to a price per square foot of $375.44. The ownership structure is a Limited Liability Corporation. Lease options include five-year terms. A minimum tenant improvement (TI) package is offered upon lease execution. This property represents a rare opportunity to acquire a high-performing industrial asset in a highly desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,825,000
- ML approach
- $6,185,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,984,000
Market price range: $2.98M - $3.84M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vienna
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.2673
- Latitude
- 38.906
- 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
$60,434
$1,171,270
$3,537,260
$4,708,530
-
$1,171,270
$3,537,260
$4,708,530
