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    6870 Elm St Mc Lean, VA 22101-3893

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    6870 Elm St Mc Lean, VA 22101-3893

    View on Map
    • Office buildings
    • 9,455 SF
    • 0.31 lot acres
    Off-Market
    Last Sale Jun 20, 2023
    Property ID
    US87-0792009
    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
    $1,500,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Weather Control Inc / HVAC Service / General Contractor
    • Chang Yi, DDS / Dental Office
    • Netsphere Inc / Tech Support Center / IT Consulting Firm
    • Coury Bradley R / Law Firm
    • Marshall Conrad J / Law Firm

    Property Details for 6870 Elm St

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    0.31 lot acres
    Property size
    9,455 SF
    Zone code
    C-2(LIMITED OFFICE)
    Property type
    Office buildings
    APN
    030-2-10-06-0001
    APU
    30210060001

    Description

    This exceptional 2,987 square foot office building, located at 6870 Elm St in McLean, Virginia (zip code 22101), presents a fantastic opportunity for a single tenant. Situated in a highly desirable Northern Virginia suburb, this Class B building offers a versatile space suitable for various professional uses. Built in 1977, the three-story structure features a convenient elevator and ample natural light. The layout includes a spacious reception/open area, eight additional rooms (including executive offices, a conference room, and a dedicated copier/file room), each with its own window. The property is zoned C-2, allowing for a range of businesses, including legal, medical, accounting, technology, and dental practices. The lease is offered as a full-service (gross) lease with a flexible 5-year term or longer, providing cost predictability and convenience. The building's location near the intersection of Dolley Madison Boulevard and Route 123 ensures excellent accessibility and visibility. This property offers an affordable and functional solution for businesses seeking a prime location in Fairfax County.

    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
    Mc Lean
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1816
    Latitude
    38.9375
    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
    $20,891
    $715,390
    $883,650
    $1,599,040
    -
    $715,390
    $883,650
    $1,599,040

    Comparable in this City

    • Value Estimation by Request
      0.31 Acres

      6838 Elm St

      OFFICE BUILDING • 0.31 Acres
      6838 Elm St, Mc Lean, VA 22101-3874
      View Details
    • Value Estimation
      $1,115,000
      4,250 SF

      1369 Chain Brg Rd

      PROFESSIONAL BUILDING • 4,250 SF
      1369 Chain Brg Rd, Mclean, VA 22101-3905
      View Details
    • Value Estimation
      $6,175,000
      41,288 SF

      1451 Dolley Madison Blvd

      OFFICE BUILDING • 41,288 SF
      1451 Dolley Madison Blvd, Mc Lean, VA 22101-3879
      View Details
    • Value Estimation
      $2,540,000
      16,512 SF

      6888 Elm St

      OFFICE BUILDING • 16,512 SF
      6888 Elm St, Mc Lean, VA 22101-3894
      View Details
    • Value Estimation
      $630,000
      2,736 SF

      6667th Old Dominion Dr

      OFFICE BUILDING • 2,736 SF
      6667th Old Dominion Dr, Mc Lean, VA 22101-4518
      View Details
    • Value Estimation
      $3,345,000
      21,730 SF

      1364 Beverly Rd

      OFFICE BUILDING • 21,730 SF
      1364 Beverly Rd, Mclean, VA 22101-3600
      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

      McLean Office Space: Prime Location

      Upscale Office Suite in Dominion Park
      6667a 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

      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

    Similar Nearby for Lease

    • Contact for pricing

      Prestigious McLean Office Building

      Located in the heart of McLean, walking distance to amenities.
      1355 Beverly Rd, 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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    Mc Lean, VA 22101-3893
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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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