Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    5944 Queenston St Springfield, VA 22152

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $665,000

    Specialty property available for purchase in Springfield, Virginia.

    Lot size:
    0.03 Acres

    Property Features for 5944 Queenston St

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Rolfe S Kratz
    Source: Elliman

    Listing Agent: Rolfe S Kratz

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

    Learn more

    Property Insight Report

    Overview

    Springfield Specialty Property For Sale

    A specialty property is available for sale. The list price is $665,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store 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
    -77.2346
    Latitude
    38.7895573

    Nearby Similar for Sale

    • $265,000
      1,080 SF

      Updated Office Space in Springfield

      Updated office with reception, private rooms, and convenient location.
      8340 Traford Ln, Springfield, VA 22152
      View Details
    • New
      $413,367

      Springfield Office Space For Sale

      1,872 SF office space suitable for medical or general use.
      8136 Old Keene Mill Rd, Springfield, VA 22152
      View Details
    • $425,000

      SPRINGFIELD Office Investment Opportunity

      Two-level office condo with tenant in place near I-495.
      7013 Backlick Ct, Springfield, VA 22151
      View Details
    • $720,000
      2,169 SF

      Spacious Townhome with Lake Views

      Well-maintained 3-bedroom townhome in Springfield, VA with lake views.
      9007 Golden Sunset Ln, Springfield, VA 22153
      View Details
    • $700,000
      1,742 SF

      Updated Townhome in West Springfield

      Updated 3-bedroom townhome with modern amenities and convenient location.
      8323 Ridge Crossing Ln, Springfield, VA 22152
      View Details
    • $699,900

      Updated Townhome in Prime Location

      Move-in ready, updated three-level townhome with modern elegance and convenience.
      7806 Solomon Seal Dr, Springfield, VA 22152
      View Details
    • $689,900

      Charming Colonial Townhouse in Daventry

      Comfortable 3-bedroom townhouse in a peaceful Springfield neighborhood.
      8024 Readington Ct, Springfield, VA 22152
      View Details
    • $675,000

      Spacious Updated End Unit Home

      Updated end unit with 5 bedrooms and private outdoor space.
      8120 Sleepy View Ln, Springfield, VA 22153
      View Details
    • $550,000

      Updated Townhouse Backing to Woods

      Move-in ready townhouse with updates, backing to a serene wooded area.
      7923 Forest Path Way, Springfield, VA 22153
      View Details
    • $599,999
      2,010 SF

      Updated Townhouse Near Pohick Creek

      Three-bedroom townhouse with updated features and easy access to amenities.
      8726 Wadebrook Ter, Springfield, VA 22153
      View Details
    • $655,000
      2,200 SF

      Springfield Townhome with Modern Amenities

      Luxury 3-bedroom townhome in Springfield, VA with premium features.
      7700 Shadowcreek Ter, Springfield, VA 22153
      View Details
    • $375,000
      1,104 SF

      Turn-Key Condo in Cardinal Forest

      Well-maintained, top-floor condo with updated kitchen and baths.
      8358 Dunham Ct, Springfield, VA 22152
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for purchase in Springfield, Virginia.
    Where is this specialty property located?
    The property is located at 5944 Queenston St Springfield, VA.
    What is the asking price?
    The asking price for this property is $665,000.
    What are key features of this property?
    This property features: - Year Built: 1969; - Price: $11
    (703) 319-4000
    Request Owner's contact information
    5944 Queenston St Springfield, VA 22152
    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.
    5944 Queenston St
    Springfield, VA 22152
    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
    5944 Queenston St Springfield, VA 22152
    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
    Rolfe S Kratz
    (703) 319-4000
    Learn more
    Google sign-in failed. Please try again or use another login method.