Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6740 Old Mclean Vlg Dra2 Mclean, VA 22101-3981

    • Office Properties & Spaces
    OFF-MARKET
    Last Sale
    Jun 14, 2024
    $1,050,000
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0775267
    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

    • Foley Gregory D OD / Optometrist
    • A 2 Design Inc / Architect / Design
    • Dr. David Fissel / Optometrist / Practitioner Service Location
    • Associates in Eyecare / Optometrist
    • Dr. David Reed / Optometrist / Practitioner Service Location

    Property Details for 6740 Old Mclean Vlg Dra2

    Year built
    1980
    Construction
    CONCRETE BLOCKS
    Zone code
    C-6(COMMUNITY RETAIL)
    Property type
    Office Properties & Spaces
    APN
    030-2-36-A2
    APU
    030236A2

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,050,000
      ML approach
      $1,050,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mclean
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1768
    Latitude
    38.9377
    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
    $12,910
    $197,630
    $790,530
    $988,160
    -
    $197,630
    $790,530
    $988,160

    Comparable in this City

    • Value Estimation by Request
      31,000 SF

      6861 Elm St

      Medical offices • 31,000 SF
      6861 Elm St, McLean, VA 22101
      View Details
    • Value Estimation by Request

      6736 Old Mclean Vlg Dra3

      CONDOMINIUM OFFICES
      6736 Old Mclean Vlg Dra3, Mclean, VA 22101-3906
      View Details
    • Value Estimation by Request

      1311 Vincent Pl, Unit 19

      CONDOMINIUM OFFICES
      1311 Vincent Pl, Mc Lean, VA 22101-3677
      View Details
    • Value Estimation by Request

      1308 Vincent Pl, Unit 9

      CONDOMINIUM OFFICES
      1308 Vincent Pl, Mclean, VA 22101-3614
      View Details
    • Value Estimation by Request
      16,756 SF

      1311-A Dolley Madison Blvd

      Medical offices • 16,756 SF
      1311-A Dolley Madison Blvd, McLean, VA 22101
      View Details
    • Value Estimation by Request

      6764 Old Mclean Vlg Dre2

      CONDOMINIUM OFFICES
      6764 Old Mclean Vlg Dre2, Mc Lean, VA 22101-3906
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.02 Acres

      McLean Office Suite - Top Floor

      Dominion Park Office, Abundant Light
      6663 Old Dominion Dr, Mclean, VA 22101
      View Details
    • Contact for pricing
      0.72 Acres

      I-66

      Beltway & Dulles Toll Rd. * Outstanding Demographics and High Traffic Counts. * Across from Chesterbrook Shopping Center. Located within one of Northern Virginia\u00e2\u0080\u0099s most exclusive and sought-after suburbs
      6255 Old Dominion Dr, Mclean, VA 22101
      View Details
    • Contact for pricing

      McLean Office Space: Prime Location

      Upscale Office Suite in Dominion Park
      6667a Old Dominion Dr, Mclean, VA 22101
      View Details
    • Contact for pricing

      McLean Office Space: Prime Location

      Modern office, great location, available now.
      6728 Curran St, Mclean, VA 22101
      View Details
    • Contact for pricing

      McLean Office Suite - Dominion Park

      850 SF Office, Vaulted Ceilings, Great Light
      6665 Old Dominion Dr, Mclean, VA 22101
      View Details
    • Contact for pricing
      0.51 Acres

      McLean Office Suites - Prime Location

      Modern Offices, Great Amenities, High Visibility
      1340 Old Chain Bridge Rd, Mclean, VA 22101
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      19,770 SF

      McLean Executive Office Space

      Prime McLean Office Suites Available
      6862 Elm St, McLean, VA 22101
      View Details
    • $27 SF/Yr
      31,000 SF

      McLean Office Space for Lease

      Prime McLean Office, Multiple Suites Available
      6861 Elm St, McLean, VA 22101
      View Details
    • $25 SF/Yr
      12,354 SF

      McLean Office Space For Lease

      Office space available for lease in McLean, Virginia.
      6733 Curran St, Mc Lean, VA 22101
      View Details
    • Contact for pricing
      1,550 SF

      McLean Medical Office Space For Lease

      Modern Medical Office Suites Available Now
      6255 Old Dominion Dr, McLean, VA 22101
      View Details
    • $1,599 /Mo
      28,750 SF

      Renovated Office Space in McLean

      Updated office space in prime McLean location, available October 1st.
      1307 Dolley Madison Blvd, Mc Lean, VA 22101
      View Details
    • Contact for pricing

      Modern Office Space in McLean

      Renovated office suites in amenity-rich McLean, with easy access to transportation.
      6862 Elm St, Mc Lean, VA 22101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6740 Old Mclean Vlg Dra2
    Mclean, VA 22101-3981
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.