Building Details

Building Size 1,821 SF

Year Built 1972

Listing Agency: Wellborn Management Co., Inc.

Listed By: Vincent L Alexander · License #0225076619 Show Phone

Source: Dcmetrorealtyteam

Added: Apr 3, 2025 Changed: Oct 3 Last Checked: Oct 13 at 2:01AM

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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 Wellborn Management Co., Inc.

Investment Insights

Based on property information with market context.

This second-floor office unit at 8136 Old Keene Mill Road includes multiple private offices, a large conference room, an open waiting area, and a kitchenette. The suite is positioned directly off the elevator and can support medical, office, or general office use.

The property was built in 1972 and is identified as suite A209 in Springfield, Virginia. Its combination of enclosed offices, shared gathering space, reception or waiting space, and kitchenette provides a functional layout for professional operations.

Key Highlights

• 1,872 SF of second‑floor office space
• Multiple private offices and a large conference room
• Large open waiting area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,471

Cap Rate

8.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$689,420 $689.4K

Cap Rate 7%

$492,443 $492.4K

Cap Rate 9%

$383,011 $383.0K

Market Conditions

NOI Build-Up for 1,821 SF

Gross rent

$53.8K $29.52/SF

− Vacancy

−$7.8K −$4.28/SF

EGI

$46.0K $25.24/SF

− OpEx

−$11.5K −$6.31/SF

NOI

$34.5K $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%

$689,420

Cap Rate 7%

$492,443

Cap Rate 9%

$383,011

Alternative Uses

Best Use

Office B

$492.4K

$430.9K – $574.5K (±1% cap)

NOI $34,471 @ 7.0% cap · market cap 8.34%

Second Best

Healthcare Medical

$474.0K

$414.8K – $553.0K (±1% cap)

NOI $33,182 @ 7.0% cap · market cap 8.03%

Theoretical Best

Specialty Retail

$7.63M

$6.68M – $8.91M (±1% cap)

NOI $534,322 @ 7.0% cap · market cap 129.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Impress Eyebrows Threading Hair Salon Hutton Chiropractic Health ... Alternative Medicine Practice Peter V. Boyer, ... Alternative Medicine Practice Craytek Consultant Allergy Partners of Metro ... Medical Clinic

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Restaurant Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

803

Businesses Nearby

Explore this area Business Placement

Demographics for 22152, VA

29,843

Population

9,779

Households

3.1

Avg Household Size

40

Median Age

64%

College-Educated

94%

High-School Grad

6.0 sq mi

ZIP Area

4,974

Density / Sq Mi

$159,557

Median Household Income

$73,552

Median Earnings

$2,495

Median Rent

$620,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office suite with private rooms, a conference area, waiting space, and kitchenette near the elevator.

Where is this office units located?

The property is located at 8136 OLD KEENE MILL ROAD Unit A209 Springfield, VA.

What is the asking price?

The asking price for this property is $413,367.

What are key features of this property?

This property features: 1,872 SF of second‑floor office space; Multiple private offices and a large conference room; Large open waiting area