6400 Grovedale Rd, Springfield, VA
Two-building medical and professional office portfolio in Alexandria, VA.
- Added:
- Apr 22, 2025
- Days on Market:
- 418
- Last Refresh:
- May 20 at 8:54 pm
Property Features for 6400 Grovedale Rd
General Information
- Standard status
- Active
- Size
- 36,341 SF
- Lot size
- 1.60 Acres
- Property subtype
- OFFICE
Listing agent Joe Serafin License #0225239987
Listing office Serafin Real Estate (703) 261-4809
Listing date Apr 22, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Serafin Real Estate
HighLights
- Stabilized income stream with NOI exceeding $789,000.
- Weighted average occupancy of 96%.
- Anchored by long‑term tenants: New Story Schools, Heartland Dental, Prism Vision Group, and Crescent Counseling.
- Located within the Grovedale Executive Office Park in Alexandria, VA.
- Two‑building portfolio totaling 36,341 SF.
- Class B medical and professional office buildings.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.07M | $29.52 |
| − Vacancy | −$155.6k | −$4.28 |
| EGI | $917.2k | $25.24 |
| − OpEx | −$229.3k | −$6.31 |
| NOI | $687.9k | $18.93 |
Alternative Uses
Current Use by Public Records
Map
- City
- Springfield
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.2112
- Latitude
- 38.7835
