7013 Backlick Court, Springfield, VA 22151
Tenant-occupied office space near I-495, great investment opportunity.
- Added:
- Mar 27, 2024
- Days on Market:
- 804
- Last Refresh:
- May 13 at 8:50 pm
Property Features for 7013 Backlick Court
General Information
- Standard status
- Active
- Size
- 1,880 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agent Renee Mumford
Listing office Key Home Realty Group (703) 913-1300
Listing date Mar 27, 2024
Source Xome
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 Key Home Realty Group
HighLights
- Tenant in place with lease extending to 2026, providing immediate rental income.
- Convenient location inside the beltway with quick access to I‑495.
- Two‑level "townhouse" style office space with separate offices, conference rooms, kitchenettes/break rooms, and restrooms on each level.
- Well‑managed condo association maintains the exterior and parking lot.
- Located in North Springfield Professional Center, primarily occupied by medical and professional services.
- Adequate unassigned parking available.
Overview
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 | $55.5k | $29.52 |
| − Vacancy | −$8.0k | −$4.28 |
| EGI | $47.5k | $25.24 |
| − OpEx | −$11.9k | −$6.31 |
| NOI | $35.6k | $18.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.1857706
- Latitude
- 38.8012593