Property profile

7000-7034 Commerce St Springfield, VA 22150

OFF-MARKET
Retail properties & Spaces
31,544 SF
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Property summary

AI-generated overview

This exceptional retail investment opportunity, Commerce Plaza, is located at 7000-7034 Commerce Street in Springfield, Virginia, within the bustling Fairfax County market. The property is a multi-tenant shopping center with a total building area of 31,544 square feet. Currently, there is one inline retail space available, measuring 1,520 square feet, presenting a unique chance for expansion or new tenancy. The property's strategic location in Springfield, VA, 22150, ensures high visibility and accessibility for businesses. The existing tenancy demonstrates a strong foundation for continued success. With a current vacancy of only 1,131 square feet, this property offers a stable investment with significant upside potential. The property's classification as a commercial shopping center, specifically inline retail, caters to a wide range of businesses. The property's location in Fairfax County, Virginia, provides access to a robust and growing consumer base. This is an excellent opportunity to acquire a well-situated retail space in a thriving market. The available space presents a blank canvas for a variety of retail concepts, allowing for customization and tailored fit-outs. Serious inquiries are encouraged to explore this promising investment prospect further.

Property profile

Verified
Property type Retail properties & Spaces
Total area 31,544 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall

Location

7000-7034 Commerce St Springfield, VA 22150
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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