24g-5528 Hempstead Way, Springfield, VA 22151
Move-in ready, renovated suite with reception, private offices, updated restrooms, and separate staff and client entrances.
- Added:
- Jun 1, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 13 at 3:12 am
Property Features for 24g-5528 Hempstead Way
General Information
- Standard status
- Active
- Size
- 1,595 SF
Listing agent Farzad Maghsoudi (703) 508-0835
Listing office RE/MAX GALAXY (703) 508-0835
Listing date Jun 1, 2026
Source Exprealty
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HighLights
- 1,595 SF renovated office suite currently used as an acupuncture and wellness clinic
- Flexible layout includes reception area, six private offices/treatment rooms, and a dedicated break room
- Quartz‑finished kitchenette and commercial‑grade LVP flooring with recessed lighting and smart‑dimmer technology
- Two updated bathrooms with marble tile
- Two separate entrances for staff and client privacy
- Major system updates include HVAC (2017) and water heater (2022); condo fee $310/month
Overview
The property is described as being conveniently positioned near The St. James and the I-95/395/495 interchange, providing straightforward regional access.
As currently configured for a high-end acupuncture and wellness clinic, the suite should suit healthcare or wellness operators seeking a turnkey environment with multiple exam or treatment rooms, a reception area, and dedicated staff flow through separate entrances. The updated finishes, two bathrooms, and modernized mechanicals are practical for day-to-day use, while the condo association fee is stated at $310 per month for cleaning and area maintenance.
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 | $47.1k | $29.52 |
| − Vacancy | −$6.8k | −$4.28 |
| EGI | $40.3k | $25.24 |
| − OpEx | −$10.1k | −$6.31 |
| NOI | $30.2k | $18.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.186472
- Latitude
- 38.799848
