Two-Office
5532 HEMPSTEAD WAY #25G, Springfield, VA 22151
For Sale
New
Contact for pricing
Two separate private offices are available for businesses seeking dedicated workspace.
Property Size465 SF
Price / SF$1.08
Days on Market5
Property Features for 5532 HEMPSTEAD WAY #25G
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Building Details
Year Built
Listing Agency:
KW United
(703) 533-1500
Listed By:
Sara Kesete Wolday
(571) 259-2495
Source:
Cummingsrealtors
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:13PM
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 KW United
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office property includes two private suites measuring 175 and 290 square feet. Both are vacant, and each can be occupied immediately. The building dates to 1980.
The two office spaces provide separate, dedicated work areas within one property.
The two office spaces provide separate, dedicated work areas within one property.
Key Highlights
- Two private offices: 175 square feet and 290 square feet
- Both office spaces are vacant and available for immediate occupancy
- Building constructed in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,802
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,040
$176.0K
Cap Rate 7%
$125,743
$125.7K
Cap Rate 9%
$97,800
$97.8K
Market Conditions
NOI Build-Up for 465 SF
Gross rent
$13.7K $29.52/SF
− Vacancy
−$2.0K −$4.28/SF
EGI
$11.7K $25.24/SF
− OpEx
−$2.9K −$6.31/SF
NOI
$8.8K $18.93/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,040
Cap Rate 7%
$125,743
Cap Rate 9%
$97,800
Alternative Uses
Best Use
Office B
$125.7K
$110.0K – $146.7K
NOI $8,802 @ 7.0% cap · market cap 1,760.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.27M
NOI $136,441 @ 7.0% cap · market cap 27,288.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Explore this area
Business Placement
Demographics for 22151, VA
18,026
Population
5,853
Households
3.1
Avg Household Size
39
Median Age
50%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
3,535
Density / Sq Mi
$160,187
Median Household Income
$57,986
Median Earnings
$2,502
Median Rent
$636,200
Median Home Value
Market
Average Price Trend$/SF for Office Units in Springfield, VA
Properties on Market for Office Units in Springfield
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two separate private offices are available for businesses seeking dedicated workspace.
Where is this office unit located?
The property is located at 5532 HEMPSTEAD WAY #25G Springfield, VA.
What are key features of this property?
This property features: Two private offices: 175 square feet and 290 square feet; Both office spaces are vacant and available for immediate occupancy; Building constructed in 1980
