Add Listing
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

    8616 Park St Vienna, VA 22180-6842

    • Grocery and convenience stores
    • 2,625 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0894639
    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

    • 7-Eleven / Grocery & Convenience Store
    • Western Union / Bank / Credit Union
    • Citibank ATM / Atm
    • ATM 7ELEVEN, INC. / Bank / Loan Service

    Property Details for 8616 Park St

    Year built
    1966
    Construction
    BRICK
    Lot size
    0.28 lot acres
    Property size
    2,625 SF
    Zone code
    C-5(NEIGHBORHOOD RETAIL)
    Property type
    Grocery and convenience stores
    APN
    049-1-01-0042-B
    APU
    0491010042B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Vienna
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2428
    Latitude
    38.8887
    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
    $16,699
    $466,110
    $834,970
    $1,301,080
    -
    $466,110
    $834,970
    $1,301,080

    Comparable in this City

    • Value Estimation
      $5,865,000
      2,640 SF

      537 Maple W Ave

      CONVENIENCE STORE • 2,640 SF
      537 Maple W Ave, Vienna, VA 22180-4226
      View Details
    • Value Estimation
      $815,000
      9,020 SF

      465 Maple W Ave

      CONVENIENCE STORE • 9,020 SF
      465 Maple W Ave, Vienna, VA 22180-4222
      View Details
    • Value Estimation
      $1,350,000
      37,669 SF

      143 Maple E Ave

      GROCERY, SUPERMARKET • 37,669 SF
      143 Maple E Ave, Vienna, VA 22180-5724
      View Details
    • Value Estimation
      $665,000
      9,372 SF

      112 Glyndon NE St

      CONVENIENCE STORE • 9,372 SF
      112 Glyndon NE St, Vienna, VA 22180-4635
      View Details
    • Value Estimation
      $10,470,000
      4,567 SF

      128th Church NW St

      RETAIL STORES (PERSONAL SERVICES) • 4,567 SF
      128th Church NW St, Vienna, VA 22180-4507
      View Details
    • Value Estimation by Request
      9,962 SF

      171 Maple W Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,962 SF
      171 Maple W Ave, Vienna, VA 22180-5728
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Vienna Retail/Medical Space For Sale

      Prime Vienna location, flexible space, high visibility.
      245 Maple Ave, Vienna, VA 22180
      View Details
    • $650,000
      1,908 SF

      Vienna Office Condo - Prime Location

      Spacious Office Suite, Great Amenities, Medical Use OK
      301 Maple Ave, Vienna, VA 22180
      View Details
    • Contact for pricing
      0.31 Acres

      Vienna Office Townhouse - 926 SF

      Bright, convenient office space near major routes.
      125 Pleasant St, Vienna, VA 22180
      View Details
    • $3,195,000
      Pending

      Vienna Specialty Property For Sale

      Specialty property available for sale in Vienna, Virginia.
      908 NE Fairway Dr NE, Vienna, VA 22180
      View Details
    • Contact for pricing
      0.31 Acres

      Vienna Office Townhouse - 926 SF

      Bright, corner office space near major routes.
      117 Pleasant St, Vienna, VA 22180
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Maple Avenue

      8,777 SF retail space for lease with high visibility.
      419 Maple Ave East, Vienna, VA 22180
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near High-Traffic Grocer

      Retail space with affluent customer base and high foot traffic.
      311-359 Maple Ave E, Vienna, VA 22180
      View Details
    • Contact for pricing
      1,323 SF

      Vienna Retail Space For Lease

      1,323 SF retail space available with strong traffic.
      103-107 Center St N, Vienna, VA 22180
      View Details
    • Contact for pricing
      2,700 SF

      Prime Retail Space in Vienna

      Neighborhood center in Vienna's retail corridor with ample parking.
      180 W Maple Ave, Vienna, VA 22180
      View Details
    • Contact for pricing
      10,783 SF

      Avalon Dunn Loring Retail Space

      High-traffic retail space for lease.
      2750 Gallows Rd, Vienna, VA 22180
      View Details
    • Contact for pricing

      Prime Retail Space on Maple

      Strategically located retail space in Vienna's dominant retail corridor.
      215 Maple Ave West, Vienna, VA 22180
      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.
    8616 Park St
    Vienna, VA 22180-6842
    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.
    Sign Up Successful!
    You now have access to more from Realmo!