First-Floor Medical Office
For Sale
$210,000
6120 Brandon Ave Unit 116, Springfield, VA 22150
Office condominium with medical and general office approval, reception, private offices, restroom, and storage.
Property Size800 SF
Price / SF$262.50
Days on Market23
Property Features for 6120 Brandon Ave Unit 116
General Information
Standard status
Active
Size
800 SF
Additional Details
Floor
1
Highway Access
Yes
Office Units
1
Building Details
Year Built
1977
Listing Agency:
Sperry Van Ness
(703) 734-2822
Listed By:
Kayvan Mehrbakhsh · License #0225084011
Source:
Localrealestateleaders
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 25 at 5:05AM
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 Sperry Van Ness
Investment Insights
Based on property information with market context.
This first-floor medical office condominium at 6120 Brandon Avenue, Suite 116, provides a practical setting for professional operations. The approved uses include medical and general office functions. Inside, the suite combines a reception area with two private offices, a restroom, and dedicated storage. The space was previously occupied by a therapist.
The property is in Springfield, Virginia, with access to major highways and proximity to dining, shopping, and entertainment. Springfield Town Center and Lake Accotink Park are nearby, while Washington, D.C., and government agencies are within the surrounding regional context.
The property is in Springfield, Virginia, with access to major highways and proximity to dining, shopping, and entertainment. Springfield Town Center and Lake Accotink Park are nearby, while Washington, D.C., and government agencies are within the surrounding regional context.
Key Highlights
- First‑floor medical office condominium at 6120 Brandon Avenue Ste. 116, Springfield, VA 22150
- Approved for both medical and general office use
- Reception area, two private offices, restroom, and dedicated storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,144
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,880
$302.9K
Cap Rate 7%
$216,343
$216.3K
Cap Rate 9%
$168,267
$168.3K
Market Conditions
NOI Build-Up for 800 SF
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.
Gross rent
$23.6K $29.52/SF
− Vacancy
−$3.4K −$4.28/SF
EGI
$20.2K $25.24/SF
− OpEx
−$5.0K −$6.31/SF
NOI
$15.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,880
Cap Rate 7%
$216,343
Cap Rate 9%
$168,267
Alternative Uses
Best Use
Office B
$216.3K
$189.3K – $252.4K
NOI $15,144 @ 7.0% cap · market cap 7.21%
Second Best
Healthcare Medical
$208.2K
$182.2K – $243.0K
NOI $14,577 @ 7.0% cap · market cap 6.94%
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,738 @ 7.0% cap · market cap 111.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22150, VA
27,955
Population
9,695
Households
2.9
Avg Household Size
40
Median Age
45%
College-Educated
88%
High-School Grad
7.6 sq mi
ZIP Area
3,678
Density / Sq Mi
$120,406
Median Household Income
$47,412
Median Earnings
$2,631
Median Rent
$617,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Villar Juan DVM — Springfield, VA 22150
- Davis Erin DVM — springfield, va 22150
- Fontana Laura DVM — springfield, va 22150
- The Oncology Service- Springfield — 6651 Backlick Rd, Springfield, VA 22150
- CVCA Cardiac Care For Pets — 6651 Backlick Rd F, Springfield, VA 22150
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office condominium with medical and general office approval, reception, private offices, restroom, and storage.
Where is this medical office space located?
The property is located at 6120 Brandon Ave Unit 116 Springfield, VA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: First‑floor medical office condominium at 6120 Brandon Avenue Ste. 116, Springfield, VA 22150; Approved for both medical and general office use; Reception area, two private offices, restroom, and dedicated storage
