Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5809 CAMBRIDGE DR #668 Springfield, VA 22152

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,500 /Mo

    Comfortable 3-bedroom condo with modern amenities and convenient location.

    Type:Apartment
    Added:
    Jun 2, 2025
    Days on Market:
    305
    Last Refresh:
    Mar 30 at 11:54 pm

    Property Features for 5809 CAMBRIDGE DR #668

    General Information

    Standard status
    Active
    Property subtype
    Apartment

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Chris Welch

    Listing agent Chris Welch License #0225263569

    Listing office Fairfax - Capital Properties

    Listing date Jun 2, 2025

    Source Kw

    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 Fairfax - Capital Properties

    Overview

    Spacious Condo Near Transportation Hub

    This 1,270 sq ft condo features 3 bedrooms and 2 bathrooms, offering a combination of comfort and convenience. The open-concept living area is filled with natural light. The modern kitchen includes updated appliances and ample cabinet space. A private balcony provides an outdoor retreat. The primary suite includes an en-suite bathroom, and the two additional bedrooms provide generous space and closet storage. An in-unit washer and dryer, along with multiple storage options, add to the home's practicality. Residents have access to a fitness center, pool, and clubhouse. The condo is located minutes from major highways and the Franconia-Springfield Metro Station. Nearby shopping and dining options include Springfield Mall, Target, and Safeway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.232
    Latitude
    38.7756

    Nearby Similar for Lease

    • Contact for pricing

      Cary Building

      Professional building near Springfield Town Center with flexible lease terms.
      8136 Old Keene Mill Rd, Springfield, VA 22152
      View Details
    • Contact for pricing

      West Springfield Ground Floor Office

      Finished office space in ideal West Springfield location.
      6354 ROLLING MILL Place unit: 103, SPRINGFIELD, VA 22152
      View Details
    • $25/mo

      Premier Springfield Commercial Space Available

      Recently revitalized commercial building with prime positioning and unrivaled visibility.
      6320 AUGUSTA DRIVE, SPRINGFIELD, VA 22150
      View Details
    • Contact for pricing

      Industrial Space with Office Area

      2500 SF flex space with easy highway access.
      5416 PORT ROYAL Rd, Springfield, VA 22151
      View Details
    • Contact for pricing

      Office Space Near Amazon Building

      5,000 SF office space for lease near I-495.
      6628 Electronic Dr, SPRINGFIELD, VA 22151
      View Details
    • Contact for pricing

      Springfield Office Space For Rent

      Move-in ready office space with excellent commuter access.
      5524 -300 Nw Hempstead Way #23g, SPRINGFIELD, VA 22151
      View Details
    • $22/mo

      Springfield Office Building For Rent

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

      Versatile Flex Space in Springfield

      Flex space suitable for office, industrial, or creative workspace.
      5414 Port Royal Rd #202, SPRINGFIELD, VA 22151
      View Details
    • Contact for pricing

      West Springfield Medical/Office Space

      Medical and office space available for rent in West Springfield.
      8348 Traford Ln #301, SPRINGFIELD, SPRINGFIELD, VA 22152
      View Details
    • $12/mo

      Springfield Office Space For Lease

      78,826 square foot office building available for lease.
      7200 Fullerton Road, Springfield, VA 22150
      View Details
    • Contact for pricing

      Springfield Church Space Available

      Church space with sanctuary, youth section, reception, and parking.
      Springfield, VA 22151
      View Details
    • $7/mo

      Springfield Specialty Property for Lease

      Specialty property available for lease in Springfield, Virginia.
      7701 Southern Drive, Springfield, VA 22150
      View Details

    FAQs

    What type of property is this?
    Apartment building - Comfortable 3-bedroom condo with modern amenities and convenient location.
    Where is this apartment building located?
    The property is located at 5809 CAMBRIDGE DR #668 Springfield, VA.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Convenient location: Minutes from major highways and Franconia‑Springfield Metro Station.; Amenities: Access to a fitness center, pool, and clubhouse.; Spacious Layout: 1,270 sq ft condo with **3 bedrooms and 2 bathrooms.**
    (703) 964-1290
    We can help!
    Listing Contact
    Chris Welch
    Real Estate License ID: 0225263569
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!