1945 Old Gallows RdVienna, VA 22182

Property Details for 1945 Old Gallows Rd

Year built

1981

Construction

STEEL FRAME

Lot size

3.53 AC

Property size (Sq ft)

174,164 SF

Zone code

C-3(OFFICE)

Property type

Office buildings

APN

039-2-15-0014-A

APU

0392150014A

Description

This exceptional Class A office building, known as "The Alley," offers 174,164 square feet of premium space in Vienna, VA. Built in 1981 and extensively renovated in 2020, this seven-story building boasts a modern, eco-chic design, highlighted by an indoor-outdoor tenant lounge. The renovation included upgrades to the lobby, common areas, restrooms, and communal spaces, creating a welcoming and elegant workplace. Amenities include a conference center, fitness studio, and ample free parking (574 spaces, including secured garage spaces). The building features four elevators and is situated on a 3.53-acre lot. Currently, multiple tenancy options are available, ranging from 2,302 to 3,278 square feet. Its prime location provides easy access to Route 7, the Capital Beltway, I-495 Express Lanes, I-66, and the Dulles Toll Road, offering convenient access across the DMV area. The Alley is also within a short drive or walk of the numerous retail and entertainment options in Tysons. This impressive property offers incredible value and a strategic location in Northern Virginia, making it an ideal choice for businesses seeking a modern, amenity-rich workspace. The building's design and amenities create an extraordinary environment for employees and future hires.

• CAP approach

  CAP return

  Valuation

  6%

  $50,027,716

  6.5%

  $46,179,428

  7%

  $42,880,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,996,480

  Geo Method

  $16,752,835

• Alternative Use

  Use

  Valuation

  Residential

  $57,262,492

  Hospitality

  $52,452,136

  Educational

  $43,639,560

  Medical

  $45,140,392

  Retail

  $67,883,760

Location Insight

City

Vienna

County

Fairfax

State

Virginia

Latitude

38.9108

Longitude

-77.2218

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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