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    Updated Office Space in Springfield Title is generated by Realmo AI

    8340 TRAFORD LN #8340, Springfield, VA 22152

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    Claim this Listing
    Pending
    $265,000

    Commercial/Industrial - SPRINGFIELD, VA

    Property size:
    1,080 SF
    Added:
    Dec 29, 2025
    Days on Market:
    144
    Last Refresh:
    May 22 at 7:06 am

    Property Features for 8340 TRAFORD LN #8340

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Pending
    Size
    1,080 SF

    Taxes and HOA fees

    Tax Annual Amount
    3390

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Number of units
    8340
    Flooring type
    Carpet, Concrete, Vinyl
    Building materials
    Brick, Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Shelley Draheim

    Listing agent Shelley Draheim

    Listing office Burke/Fairfax Station/Clifton 6045 Burke Centre Parkway, VA

    Listing date Dec 29, 2025

    MLS# VAFX2282276 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Updated 1,080 sq ft office space suitable for various professional uses.
    • ADA accessible with ramp and railing.
    • Convenient location near Old Keene Mill Rd & Rolling Rd with quick access to I‑95, I‑395, and I‑495.
    • Features 5 private rooms, reception/waiting area, full bath, kitchenette, and ample storage.
    • New Trane HVAC replaced in 2024.
    • Close proximity to shopping and dining.

    Overview

    This updated office space in Springfield, Virginia, offers 1,080 square feet of space. The layout includes an easy front entry, a reception or waiting area, and five private rooms. Ample storage space is available, along with a full bathroom and kitchenette. The HVAC system was replaced in 2024 with a Trane unit. The property is ADA accessible, featuring a ramp and railing. It is suitable for counseling, medical, accounting, insurance, and other professional uses. The location provides convenient access to Old Keene Mill Road and Rolling Road, with quick access to I-95, I-395, and I-495. Shopping and dining options are nearby. Condo fees are $2.07 per square foot, and reserves are $1 per square foot, totaling $276.30 per month.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $227.2K
    NOI $20,444 @ 9.00% cap · cautious / downside scenario
    Moderate
    $292.1K
    NOI $20,444 @ 7.00% cap · market / base-case scenario
    Aggressive
    $408.9K
    NOI $20,444 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $31.9k $29.52
    − Vacancy −$4.6k −$4.28
    EGI $27.3k $25.24
    − OpEx −$6.8k −$6.31
    NOI $20.4k $18.93
    1,080 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $292.1K
    $255.6K – $340.7K (±1% cap)
    NOI $20,444 @ 7.0% cap · market cap 7.71%
    Second Best
    Healthcare Medical
    $281.1K
    $246.0K – $328.0K (±1% cap)
    NOI $19,680 @ 7.0% cap · market cap 7.43%
    Theoretical Best
    Specialty Retail
    $4.53M
    $3.96M – $5.28M (±1% cap)
    NOI $316,896 @ 7.0% cap · market cap 119.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Catherine McCollough, LCSW Psychotherapist Judy Hall LCSW Medical Clinic Pastoral Counseling of Northern ... Counselor Ms. Lucia Seyranyan Counselor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.23287
    Latitude
    38.78242

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    FAQs

    What type of property is this?
    Office units - Updated office with reception, private rooms, and convenient location.
    Where is this office units located?
    The property is located at 8340 TRAFORD LN #8340 Springfield, VA.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Updated 1,080 sq ft office space suitable for various professional uses.; ADA accessible with ramp and railing.; Convenient location near Old Keene Mill Rd & Rolling Rd with quick access to I‑95, I‑395, and I‑495.
    (888) 536-0216
    We can help!
    Listing Contact
    Shelley Draheim
    Learn More
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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.

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