Second-Floor Office
For Sale
$413,367
A209-8136 Old Keene Mill Rd, Springfield, VA 22150
Second-floor office suite with multiple private offices, conference room, waiting area, and kitchenette suited for medical or general office use.
Property Size1,872 SF
Price / SF$220.82
Days on Market490
Property Features for A209-8136 Old Keene Mill Rd
General Information
Standard status
Active
Size
1,872 SF
Listing Agency:
Wellborn Management Co., Inc.
(703) 464-7009
Listed By:
Vincent L Alexander · License #0225076619
(703) 464-7009
Source:
Exprealty
Added: Apr 3, 2025
Changed: Jul 10
Last Checked: Jul 31 at 4:51PM
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 suite offers approximately 872 square feet and features multiple private offices, a large conference room, a large open waiting area, and a large kitchenette. The layout includes a suite location right off the elevator, supporting convenient access for clients and visitors.
The property is located at A209-8136 Old Keene Mill Rd in Springfield, VA. The suite’s proximity to the elevator helps streamline arrivals and internal movement, which can be advantageous for professional and client-facing operations.
The configuration makes the space well-suited for a range of uses, including medical office and general office applications. With dedicated private rooms alongside a larger shared waiting area and conference room, the suite supports both client intake and day-to-day operations while maintaining separate work zones within the same location.
The property is located at A209-8136 Old Keene Mill Rd in Springfield, VA. The suite’s proximity to the elevator helps streamline arrivals and internal movement, which can be advantageous for professional and client-facing operations.
The configuration makes the space well-suited for a range of uses, including medical office and general office applications. With dedicated private rooms alongside a larger shared waiting area and conference room, the suite supports both client intake and day-to-day operations while maintaining separate work zones within the same location.
Key Highlights
- 872 SF second‑floor office suite
- Multiple private offices
- Large conference room
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 | $55.3k | $29.52 |
| − Vacancy | −$8.0k | −$4.28 |
| EGI | $47.2k | $25.24 |
| − OpEx | −$11.8k | −$6.31 |
| NOI | $35.4k | $18.93 |
1,872 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$506.2K
$443.0K – $590.6K
NOI $35,436 @ 7.0% cap · market cap 8.57%
Second Best
Healthcare Medical
$487.3K
$426.4K – $568.5K
NOI $34,111 @ 7.0% cap · market cap 8.25%
Theoretical Best
Specialty Retail
$7.85M
$6.87M – $9.15M
NOI $549,287 @ 7.0% cap · market cap 132.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,299
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office suite with multiple private offices, conference room, waiting area, and kitchenette suited for medical or general office use.
Where is this office units located?
The property is located at A209-8136 Old Keene Mill Rd 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: 872 SF second‑floor office suite; Multiple private offices; Large conference room
