5524 Hempstead Way, Springfield, VA 22151
For-sale office space totaling 1,500 square feet at 5524 Hempstead Way in Springfield, VA.
- Added:
- Apr 24, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 14 at 1:40 am
Property Features for 5524 Hempstead Way
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing agent Israel Mohammed (540) 295-9808
Listing office Slate Realty (540) 295-9808
Listing date Apr 24, 2026
Source Xome
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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
- Zoned 550
- Parking available on‑site (lot)
Overview
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.
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 | $44.3k | $29.52 |
| − Vacancy | −$6.4k | −$4.28 |
| EGI | $37.9k | $25.24 |
| − OpEx | −$9.5k | −$6.31 |
| NOI | $28.4k | $18.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.1864729
- Latitude
- 38.8000132