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    6858 Old Dominion Dr McLean, VA 22101

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    6858 Old Dominion Dr McLean, VA 22101

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    • Medical Office Space
    • 50,000 SF
    • 1.50 lot acres
    Off-Market
    Property ID
    US87-0013439
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Mclean Orthodontist (LM Orthodontics) / Dental Office
    • Robert Marzban, DDS / Dental Office
    • Ji Lim, DMD / Dental Office
    • Mark Luposello, DMD / Dental Office
    • Salon Tony / Hair Salon / Nail Salon

    Property Details for 6858 Old Dominion Dr

    Year built
    1988
    Lot size
    1.50 lot acres
    Property size
    50,000 SF
    Property type
    Medical Office Space

    Description

    This exceptional three-story medical office building, located at 6858 Old Dominion Drive in McLean, Virginia, presents a unique investment opportunity. The property boasts a total of 50,000 square feet, situated on 1.5 acres of land in the highly desirable McLean submarket of Fairfax County. Built in 1988 and renovated in 2005, the building offers a blend of established infrastructure and modern updates. The property is zoned for office medical use and features ample parking with a ratio of 3.6 spaces per 1,000 square feet. Currently configured with two suites, the building offers flexible space options, with a minimum divisible space of 1,439 square feet and a maximum contiguous space of 13,143 square feet, making it suitable for a variety of medical practices or healthcare-related businesses. Its convenient location in McLean, Virginia, zip code 22101, provides easy access to major transportation routes and a thriving community. This is an excellent opportunity to acquire a well-maintained, strategically located medical office building in a highly sought-after area. The property's strong fundamentals and flexible space options make it an ideal investment for both established and emerging healthcare providers. The building's history of successful tenancy further underscores its potential for continued growth and profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    McLean
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1818562
    Latitude
    38.9359941

    Comparable in this City

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      Downtown McLean Office/Medical Space

      Short term office or medical space available in downtown McLean.
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      Commercial Space for Lease

      Commercial space available for lease in McLean, Virginia.
      6255 Old Dominion Dr, Mc Lean, VA 22101
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      Modern Office Space in McLean

      Renovated office suites in amenity-rich McLean, with easy access to transportation.
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      Renovated Office Space Available

      Updated office space in prime McLean location, available October 1st.
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    • $22 SF/Yr
      22,216 SF

      MCLEAN Office Space For Lease

      Top floor office suite with windowed offices and updated HVAC.
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      0.02 Acres

      McLean Office Suite - Top Floor

      Dominion Park Office, Abundant Light
      6663 Old Dominion Dr, Mclean, VA 22101
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      McLean Office Suite - Dominion Park

      850 SF Office, Vaulted Ceilings, Great Light
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      McLean Office Space: Prime Location

      Modern office, great location, available now.
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      McLean Office Space: Prime Location

      Upscale Office Suite in Dominion Park
      6667a Old Dominion Dr, Mclean, VA 22101
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      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
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    Similar Nearby for Lease

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      Downtown McLean Office/Medical Space

      Short term office or medical space available in downtown McLean.
      6861 Elm St, Mc Lean, VA 22101
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in McLean, Virginia.
      6255 Old Dominion Dr, 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
    • $1,599 /Mo
      28,750 SF

      Renovated Office Space Available

      Updated office space in prime McLean location, available October 1st.
      1307 Dolley Madison Blvd, Mc Lean, VA 22101
      View Details
    • $1,750 /Mo

      McLean Office Space For Rent

      Professionally managed office space in McLean, close to Tysons Corner.
      6667A Old Dominion Dr, Mc Lean, VA 22101
      View Details
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    McLean, VA 22101
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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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