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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8520 Leesburg Pike Vienna, VA 22182

    • Community centers
    • 41,012 SF
    • 2.95 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1157377
    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

    • The Tile Shop / Tile Store / Flooring Store

    Property Details for 8520 Leesburg Pike

    Year built
    1994
    Construction
    CONCRETE BLOCKS
    Lot size
    2.95 lot acres
    Property size
    41,012 SF
    Zone code
    C-7(REGIONAL RETAIL)
    Property type
    Community centers
    APN
    029-3-01-0050
    APU
    293010050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $15,120,000
      Current use
      COMMERCIAL (GENERAL)
      $18,630,000
      Change: +23% Conversion: Easy
      WAREHOUSE, STORAGE
      $18,560,000
      Change: +23% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $13,950,000
      Change: -8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $13,690,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Vienna
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2391
    Latitude
    38.928
    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
    $323,015
    $11,559,780
    $11,131,850
    $22,691,630
    -
    $11,559,780
    $11,131,850
    $22,691,630

    Comparable in this City

    • Value Estimation
      $12,340,000
      44,880 SF

      8459 Leesburg Pike

      MINI-MALL • 44,880 SF
      8459 Leesburg Pike, Vienna, VA 22182-2404
      View Details
    • Value Estimation
      $3,570,000
      177,572 SF

      1500 Cornerside Blvd

      MINI-MALL • 177,572 SF
      1500 Cornerside Blvd, Vienna, VA 22182-2433
      View Details
    • Value Estimation
      $6,705,000
      30,539 SF

      8601 Westwood Ctr Dr

      MINI-MALL • 30,539 SF
      8601 Westwood Ctr Dr, Vienna, VA 22182-2217
      View Details
    • Value Estimation
      $4,130,000
      179,792 SF

      8301 Leesburg Pike

      MINI-MALL • 179,792 SF
      8301 Leesburg Pike, Vienna, VA 22182-2407
      View Details
    • Value Estimation by Request
      0.67 Acres

      8042 Leesburg Pike

      REGIONAL SHOPPING CENTER, MALL • 0.67 Acres
      8042 Leesburg Pike, Vienna, VA 22182-2716
      View Details
    • Value Estimation by Request
      1,796 SF

      Vienna, VA 22182

      SHOPPING CENTER, STRIP CENTER • 1,796 SF
      Vienna, VA 22182
      View Details

    Similar Nearby for Sale

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      Tysons Corner Office Condo

      Spacious 5,146 SF office condo in the heart of Tysons.
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      Flat Land in Vienna

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    • $450,000
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      Second Floor Office Condominium

      End unit office condo with multiple offices and restrooms.
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      1.80 Acres

      Vienna Office Space: Metro Accessible

      Flexible Office Suites, Abundant Parking
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    • Contact for pricing
      0.05 Acres

      Vienna Office Space - Gallows Road

      Prime Vienna Office, Abundant Parking
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      492 SF

      Retail Space in Pike 7 Plaza

      Retail space for lease in Tysons Corner retail district.
      8399 Leesburg Pike, Vienna, VA 22182
      View Details
    • Contact for pricing
      6,057 SF

      Retail Space in High-Traffic Area

      Retail space available in a busy shopping center.
      8301-8319 Leesburg Pike, Vienna, VA 22182
      View Details
    • Contact for pricing
      1,560 SF

      Retail Space in Pike 7 Plaza

      Retail space for lease in Tysons Corner retail district.
      8365-8391 Leesburg Pike, Vienna, VA 22182
      View Details
    • $29 SF/Yr
      9,785 SF

      Prime Tysons Corner Office Space

      Vienna Office Suites - Flexible Sizes
      1960 Gallows Rd, Tysons, VA 22182
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    • Contact for pricing
      211,138 SF

      Tysons Corner Executive Office Space

      Prime Tysons location, 211,138 sq ft available.
      8150 Leesburg Pike, Vienna, VA 22182
      View Details
    • Contact for pricing
      20,363 SF

      Retail Space on Leesburg Pike

      Retail property available for lease on Leesburg Pike.
      8520 Leesburg Pike, Vienna, VA 22182
      View Details
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    8520 Leesburg Pike
    Vienna, VA 22182
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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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