Property profile

6760 Old Mclean Vlg Dre1 Mc Lean, VA 22101

OFF-MARKET
Office Spaces
Property ID
US87-1233740
Built 1980
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,496 square foot office condo in McLean, VA, presents a lucrative investment opportunity. Located at 6760 Old Mclean Village Drive Unit E1, this property boasts a prime downtown location, just blocks from Route 123, a major thoroughfare with a high volume of daily traffic (52,000 vehicles). Currently fully leased, generating an annual rent roll of $75,000, this two-story building offers significant income potential. The second floor features a 3-year lease (commencing December 1, 2024) at $2,900 per month, increasing to $3,000 in the third year. The first floor houses two separately leased offices, currently rented below market value at $1,800 and $1,500 per month, respectively, occupied by medical professionals. Each floor is thoughtfully designed with dual professional office suites, each including a private bathroom and waiting area. A large, freshly painted second-floor porch provides stunning panoramic views of McLean and serves as an ideal break area. The property's C-6 zoning allows for a variety of uses, making it suitable for medical, legal, accounting, technology, real estate, or title companies, among others. The ground floor front office is available for lease for the first time in years. The building's location within one of Northern Virginia's most desirable suburbs ensures strong tenant demand. With the potential to significantly increase the capitalization rate to 8% by raising first-floor rents to market value, this property represents a compelling investment opportunity for both end-users and investors. Office sharing options are also available.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1980
Construction CONCRETE BLOCKS
Zoning code C-6(COMMUNITY RETAIL)
APN 030-2-36-E1
UPID US87-1233740

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
  • Physician
  • Physician
  • Physician
  • Physician
  • Consultant

Location

6760 Old Mclean Vlg Dre1 Mc Lean, VA 22101-3906
Mc Lean metro Census 470500 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$765k

Owner & transaction history

since 2014
1 recorded transaction
2014
$780,000

Zoning & alternative use

C-6(COMMUNITY RETAIL) · Mc Lean, 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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