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Medical and Office Suite

5524 HEMPSTEAD WAY Unit B Springfield, VA 22151

New
5524 HEMPSTEAD WAY Unit B, Springfield, VA, 22151
$349,990
For Sale
$349,990

Flexible suite with multiple separate offices suitable for medical and professional services.

Property Size1,405 SF
Price / SF$249.10
Days on Market2

Property Features for 5524 HEMPSTEAD WAY Unit B

General Information

Standard status
Active
Size
1,405 SF
Property subtype
Office

Building Details

Year Built
1983
Listing Agency Slate Realty
Listed by Israel Mohammed
Source Xome
Added: Jul 17 Checked: Jul 18 at 2:15 am

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 commercial unit suite is well suited for office and medical use, with a flexible layout that includes multiple separate office spaces. The configuration supports a range of professional workflows, including consulting, legal, administrative, insurance, and other service-oriented operations.

Located just off Backlick Road, the suite offers convenient access to major commuter routes. Public transportation is available, with bus access to Springfield Metro, Van Dorn Metro Station, Tysons Corner, and surrounding areas.

Unit B is an individual commercial space offered for sale and is presented as a versatile option for either an owner-user or an investor seeking an adaptable office environment.

Key Highlights

  • Commercial unit space suitable for office, medical, and professional uses
  • Flexible layout with multiple separate office spaces
  • Central air conditioning and heating (heating system listed as "3")

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 $41.5k $29.52
− Vacancy −$6.0k −$4.28
EGI $35.5k $25.24
− OpEx −$8.9k −$6.31
NOI $26.6k $18.93
1,405 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$379.9K
$332.5K – $443.3K (±1% cap)
NOI $26,596 @ 7.0% cap · market cap 7.60%
Second Best
Healthcare Medical
$365.7K
$320.0K – $426.7K (±1% cap)
NOI $25,602 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$5.89M
$5.15M – $6.87M (±1% cap)
NOI $412,259 @ 7.0% cap · market cap 117.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

MD Maid Easy (Bike/Boat/Book/etc) Store Rent2BuyProperties.com Real Estate Agency Green Maidworks (Bike/Boat/Book/etc) Store Kingdom Liberty Ministries ... Church God's Love Empowered ... Church

Suggested Use

Law Firm Restaurant Hair Salon Parking Lot & Garage Nail Salon (Bike/Boat/Book/etc) Store Pharmacy (Bike/Boat/Book/etc) Store Hotel & Motel Spa & Massage Center

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

FAQs

What type of property is this?
Office units - Flexible suite with multiple separate offices suitable for medical and professional services.
Where is this office units located?
The property is located at 5524 HEMPSTEAD WAY Unit B Springfield, VA.
What is the asking price?
The asking price for this property is $349,990.
What are key features of this property?
This property features: Commercial unit space suitable for office, medical, and professional uses; Flexible layout with multiple separate office spaces; Central air conditioning and heating (heating system listed as "3")
Contact an agent
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