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

    8250 Westpark Dr Mclean, VA 22102-3116

    • Apartment buildings
    • 363,805 SF
    • 2.64 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2022
    $145,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1850777
    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

    • Howard Economist Consulting Services / Economic Consultant
    • Certified teacup & toy sized dog specialist / Pet Sitter
    • SCIMORES a Venture Capital / Investment Service
    • Park Crest Apartments / Apartment Rental Agency / Apartment Building
    • Chesapeake Digital Solutions, LLC / Marketing Consultant

    Property Details for 8250 Westpark Dr

    Lot size
    2.64 lot acres
    Property size
    363,805 SF
    Zone code
    PLANNED RES MIXED USE
    Property type
    Apartment buildings
    APN
    029-4-07-E
    APU
    029407E

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $90,760,000
      6.5%
      $83,780,000
      7%
      $77,795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mclean
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2298
    Latitude
    38.9282
    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
    $1,740,850
    $18,762,000
    $115,304,260
    $134,066,260
    -
    $18,762,000
    $115,304,260
    $134,066,260

    Comparable in this City

    • Value Estimation
      $11,680,000
      142,932 SF

      1750 Old Mdw Rd

      APARTMENT HOUSE (5+ UNITS) • 142,932 SF
      1750 Old Mdw Rd, Mclean, VA 22102-4327
      View Details
    • Value Estimation by Request

      Mclean, VA 22102

      APARTMENT HOUSE (5+ UNITS)
      Mclean, VA 22102
      View Details
    • Value Estimation by Request

      1750 Old Mdw Rd

      APARTMENT HOUSE (5+ UNITS)
      1750 Old Mdw Rd, Mclean, VA 22102-4327
      View Details
    • Value Estimation by Request
      440,641 SF

      7915 Jones Br Dr

      APARTMENT HOUSE (5+ UNITS) • 440,641 SF
      7915 Jones Br Dr, Mclean, VA 22102-3343
      View Details
    • Value Estimation by Request
      473,354 SF

      Mclean, VA 22102

      APARTMENT HOUSE (5+ UNITS) • 473,354 SF
      Mclean, VA 22102
      View Details
    • Value Estimation
      $12,780,000
      152,020 SF

      8210 Crestwood Hts Drc1

      APARTMENT HOUSE (5+ UNITS) • 152,020 SF
      8210 Crestwood Hts Drc1, Mclean, VA 22102-3143
      View Details

    Similar Nearby for Sale

    • $315,000

      Renovated Condo with Two Parking

      Move-in ready condo with modern amenities and convenient location.
      1571 Spring Gate Dr, Mc Lean, VA 22102
      View Details
    • $425,000

      Renovated Corner Unit with Balcony

      Tastefully renovated 2 bed, 2 bath condo with lush views.
      1800 Old Mdw Rd Rd, Mc Lean, VA 22102
      View Details
    • $559,900

      Renovated Condo in Gated Community

      Modern 2-bedroom condo with resort-style amenities in Tysons.
      8350 Greensboro Dr Dr, Mc Lean, VA 22102
      View Details
    • $474,999

      Updated Condo with Resort Amenities

      Updated 2-bedroom condo in McLean with utilities included.
      1800 Old Meadow Rd, Mc Lean, VA 22102
      View Details
    • $450,000
      1,276 SF

      Residential Property in McLean, Virginia

      Residential property featuring 1276 square feet in McLean, Virginia.
      1709 Westwind Way, Mc Lean, VA 22102
      View Details
    • $330,000
      735 SF

      Updated Condo Near Capital One

      Updated one-bedroom condo in McLean, near Capital One Center.
      1591 Spring Gate Dr, Mc Lean, VA 22102
      View Details

    Similar Nearby for Lease

    • $2,195 /Mo

      Top Floor Corner Unit Apartment

      Updated 1 bed, 1 bath apartment with garage parking.
      1521 Spg Gate Dr Dr, Mc Lean, VA 22102
      View Details
    • $2,000 /Mo
      626 SF

      Updated Condo Near Tysons Corner

      Updated 1-bedroom condo with balcony, close to transit and shopping.
      1524 Lincoln Way, Mc Lean, VA 22102
      View Details
    • $3,800 /Mo
      1,638 SF

      McLean Townhome with Brick Patio

      Townhome in McLean near Tysons Corner and Metro stations.
      7340 Eldorado St, Mc Lean, VA 22102
      View Details
    • Contact for pricing
      627,896 SF

      Tysons Corner Office Space Available

      Prestigious Tysons location, multiple suites.
      7927 Jones Branch Dr, McLean, VA 22102
      View Details
    • Contact for pricing
      17,371 SF

      Modern Office Space in Tysons

      Newly-redeveloped office building with market-leading amenities in thriving Tysons.
      1676 International Dr, Mc Lean, VA 22102
      View Details
    • Contact for pricing
      7,748 SF

      Retail Space in Arbor Row

      New retail space in mixed-use development near Tysons.
      7931 Westpark Dr, Mc Lean, VA 22102
      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.
    8250 Westpark Dr
    Mclean, VA 22102-3116
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.