Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    8003 Forbes Pl Springfield, VA 22151

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr

    Three-story office building in Springfield, Virginia, near Capital Beltway.

    Property size:
    44,229 SF
    Lot size:
    44,229 SF

    Property Features for 8003 Forbes Pl

    General Information

    Size
    44,229 SF

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Terrell L. Marsh
    Source: Svn

    Listing Agent: Terrell L. Marsh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Springfield Office Building For Rent

    This three-story office building is situated in Springfield, Virginia, a suburban area within Fairfax County, part of the Washington Metropolitan Area. The 44,229-square-foot property is located just off the Capital Beltway (I-495). The surrounding area features shopping centers, restaurants, and other amenities. The office building is adjacent to a residential neighborhood, providing a quiet setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DaVita CDc Of Springfield Dialysis Center Orion Management, LLC Security System Supplier Parent Educational Advocacy ... Non-Profit Organization POAC-NoVA Association / Organization Hope For The Warriors Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2203142
    Latitude
    38.8075121

    Nearby Similar for Lease

    • $750 /Mo

      SPRINGFIELD, VA Office Spaces

      Office spaces for lease in the heart of Springfield!
      8322-D Traford Ln, Springfield, VA 22152
      View Details
    • $1,450 /Mo
      871 SF

      West Springfield Ground Floor Office

      Ground floor office space in West Springfield, approximately 1,000sqft.
      6354 Rolling Mill Pl, Springfield, VA 22152
      View Details
    • $24 SF/Yr
      105,142 SF

      Prominent Office Building Near Beltway

      Six-story, 105,000 SF office building with convenient highway access.
      8001 Braddock Rd, Springfield, VA 22151
      View Details
    • $3,250 /Mo

      Premier Springfield Commercial Space Available

      Recently revitalized commercial building with spaces for office and retail ventures.
      6320 Augusta Dr, Springfield, VA 22150
      View Details
    • $3,700 /Mo
      2,115 SF

      Spacious Townhouse in Charlestown Neighborhood

      Three-level townhouse with updated kitchen, fenced yard, and convenient location.
      5988 Queenston St, Springfield, VA 22152
      View Details
    • $2,100 /Mo

      West Springfield Condo with Amenities

      2-bedroom condo in Cardinal Forest with community amenities.
      5904 Bayshire Rd, Springfield, VA 22152
      View Details
    • Contact for pricing

      Springfield Business Park Opportunity

      Business park with office, retail, and restaurant spaces available for lease.
      7401-7435 Boston Blvd, Springfield, VA 22153
      View Details
    • $5,000 /Mo

      Versatile Space for Lease

      Two-floor property with office spaces, classrooms, hall, and kitchen.
      7364 Steel Mill Dr, Springfield, VA 22150
      View Details
    • Contact for pricing

      Springfield Office Space For Rent

      Office space available in Virginia 95 Business Park, Springfield, VA.
      7501 Boston Blvd, Springfield, VA 22153
      View Details
    • Contact for pricing
      205,777 SF

      Springfield Mall Retail Space Available

      205,777 SF retail space in Springfield Town Center.
      6699 Springfield Mall, Springfield, VA 22150
      View Details
    • $600 /Mo

      Furnished Office Condo For Rent

      Furnished office condo suitable for small businesses or remote workers.
      6371 Rolling Mill Pl, Springfield, VA 22152
      View Details
    • $15 SF/Yr

      Springfield Freestanding Building For Lease

      15000 SF freestanding building in prime Springfield location for lease.
      6606 Electronic Dr, Springfield, VA 22151
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building in Springfield, Virginia, near Capital Beltway.
    Where is this office building located?
    The property is located at 8003 Forbes Pl Springfield, VA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Located just off the Capital Beltway (I-495) for easy access.; - Situated in Springfield, Virginia, part of the Washington Metropolitan Area.; - Located adjacent to a residential neighborhood, offering a peaceful setting.
    (571) 526-1000
    Request Owner's contact information
    8003 Forbes Pl Springfield, VA 22151
    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.
    8003 Forbes Pl
    Springfield, VA 22151
    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
    8003 Forbes Pl Springfield, VA 22151
    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

    We can help!
    Listing Contact
    Terrell L. Marsh
    (571) 526-1000
    Learn more
    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.