Office Unit for
5524 Hempstead Way Springfield, VA 22151
For Sale
$369,990
For-sale office space totaling 1,500 square feet at 5524 Hempstead Way in Springfield, VA.
Property Size1,500 SF
Price / SF$246.66
Days on Market90
Property Features for 5524 Hempstead Way
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Office
Building Details
Year Built
1982
Listing Agency:
Slate Realty
(540) 295-9808
Listed By:
Israel Mohammed
(540) 295-9808
Source:
Xome
Added: May 2
Changed: Jul 10
Last Checked: Jun 14 at 1:40AM
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 Slate Realty
Investment Insights
Based on property information with market context.
This for-sale office unit offers a straightforward commercial layout within a total area of 1,500 square feet. Designed for professional use, the space is suited for a range of office-based tenants and buyers seeking a manageable footprint.
Located at 5524 Hempstead Way in Springfield, Virginia, the property provides an in-town address for day-to-day operations. Its setting is directly tied to the Hempstead Way location as listed, making it a practical consideration for local firms and other office users evaluating nearby space.
Because the offering is an office unit rather than a mixed-use configuration, it may fit best for businesses that primarily require dedicated indoor working space. Prospective buyers and tenants can evaluate how the size and office-oriented use align with staffing needs, workflow, and the operational footprint they require. This listing is presented as a commercial real estate sale opportunity for an office space totaling 1,500 square feet.
Located at 5524 Hempstead Way in Springfield, Virginia, the property provides an in-town address for day-to-day operations. Its setting is directly tied to the Hempstead Way location as listed, making it a practical consideration for local firms and other office users evaluating nearby space.
Because the offering is an office unit rather than a mixed-use configuration, it may fit best for businesses that primarily require dedicated indoor working space. Prospective buyers and tenants can evaluate how the size and office-oriented use align with staffing needs, workflow, and the operational footprint they require. This listing is presented as a commercial real estate sale opportunity for an office space totaling 1,500 square feet.
Key Highlights
- Office space for sale totaling 1,500 SF at 5524 Hempstead Way in Springfield, VA
- Central air cooling and heating (3)
- Year built: 1982
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 | $44.3k | $29.52 |
| − Vacancy | −$6.4k | −$4.28 |
| EGI | $37.9k | $25.24 |
| − OpEx | −$9.5k | −$6.31 |
| NOI | $28.4k | $18.93 |
1,500 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$405.6K
$354.9K – $473.3K
NOI $28,395 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.29M
$5.50M – $7.34M
NOI $440,134 @ 7.0% cap · market cap 118.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - For-sale office space totaling 1,500 square feet at 5524 Hempstead Way in Springfield, VA.
Where is this office units located?
The property is located at 5524 Hempstead Way Springfield, VA.
What is the asking price?
The asking price for this property is $369,990.
What are key features of this property?
This property features: Office space for sale totaling 1,500 SF at 5524 Hempstead Way in Springfield, VA; Central air cooling and heating (3); Year built: 1982
