Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Flex Space in Springfield Title is generated by Realmo AI

    5414 Port Royal Rd #202, Springfield, VA 22151

    View on Map
    Claim this Listing
    For Lease
    $1,500 /Mo

    Flex space suitable for office, industrial, or creative workspace.

    Added:
    Jul 18, 2025
    Days on Market:
    318
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 5414 Port Royal Rd #202

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    ABUZAR WALEED
    ABUZAR WALEED

    Listing agent ABUZAR WALEED

    Listing office RE/MAX GALAXY

    Listing date Jul 18, 2025

    Source Corcoran

    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 RE/MAX GALAXY

    HighLights

    • Versatile 800+ sq ft commercial space suitable for office, industrial office, or creative workspace.
    • Prime and convenient location in Springfield, VA with excellent access to major routes.
    • Ready for immediate occupancy.
    • Tenant only pays for electric; water is included.
    • Ideal for businesses seeking visibility and functionality.
    • Located at 5414 Port Royal Road, Suite 202.

    Overview

    The commercial space at 5414 Port Royal Road, Suite 202 in Springfield, VA, offers over 800 square feet suitable for flex use. It can accommodate office, industrial office, or creative workspace purposes. The location provides convenient access to major routes. The space is available for immediate occupancy. The tenant is responsible for electric, while water is included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Happy Homes Remodeling Hardware & Home Improvement Engineering Management Services Construction Company Sevak Homes, LLC. Architect

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2144
    Latitude
    38.803

    Nearby Similar for Lease

    • $2,250/Mo
      1,037 SF

      Turnkey Office Space in Springfield

      1,037 SF office suite with three offices and two restrooms.
      6116 ROLLING Road, SPRINGFIELD, VA 22152
      View Details
    • $1,100/Mo
      380-380 SF

      Cary Building

      Professional building near Springfield Town Center with flexible lease terms.
      8136 Old Keene Mill Rd, Springfield, VA 22152
      View Details
    • $1,042/Mo

      Main Floor Office Suite

      Office suite for lease with reception area in Springfield.
      8136 OLD KEENE MILL Road, SPRINGFIELD, VA 22152
      View Details
    • $5,730/Mo
      5,000 SF

      Office Space Near Amazon Building

      5,000 SF office space with dedicated parking available for lease.
      6628 ELECTRONIC Dr, Springfield, VA 22151
      View Details
    • $25 SF/Yr
      2,653 SF

      Premier Springfield Commercial Space Available

      Recently revitalized commercial building with prime positioning and unrivaled visibility.
      6320 AUGUSTA DRIVE, SPRINGFIELD, VA 22150
      View Details
    • $4,500/Mo
      6,000-6,000 SF

      Church Space Available For Lease

      Space for multiple churches to time share with ample parking.
      8001 Forbes Pl, Springfield, VA 22151
      View Details
    • $3,800/Mo
      2,500 SF

      Industrial Space with Office Area

      2500 SF flex space with easy highway access.
      5416 PORT ROYAL Rd, Springfield, VA 22151
      View Details
    • $3,800/Mo
      2,500 SF

      Industrial Space with Garage Access

      2500 SF industrial space with convenient highway access.
      5416 Port Royal Rd, SPRINGFIELD, VA 22151
      View Details
    • $60 SF/Yr

      Springfield Office Space For Lease

      Strategically located office property in Springfield's thriving commercial corridor.
      6708 BACKLICK Rd, Springfield, VA 22150
      View Details
    • $1,042/Mo

      Office Space in Cary Building

      Office space available in Cary Professional Building, Springfield, VA.
      8136 Old Keene Mill Rd #B-200, Springfield, VA 22152
      View Details
    • Contact for pricing
      3,000-3,000 SF

      Industrial/Flex Unit Near I-495

      3,000 SF industrial/flex unit near I-495 in Springfield, VA.
      Springfield, VA 22151
      View Details
    • $22 SF/Yr
      44,229 SF

      Springfield Office Building For Rent

      Three-story office building in Springfield, Virginia, near Capital Beltway.
      8003 Forbes Place, Springfield, VA 22151
      View Details

    FAQs

    What type of property is this?
    Office units - Flex space suitable for office, industrial, or creative workspace.
    Where is this office units located?
    The property is located at 5414 Port Royal Rd #202 Springfield, VA.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: Versatile 800+ sq ft commercial space suitable for office, industrial office, or creative workspace.; Prime and convenient location in Springfield, VA with excellent access to major routes.; Ready for immediate occupancy.
    (703) 622-3213
    We can help!
    Listing Contact
    ABUZAR WALEED
    ABUZAR WALEED
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    5414 Port Royal Rd #202, SPRINGFIELD, VA 22151
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!