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    Property profile & analytics

    8348 Traford Ln Springfield, VA 22152

    • Office Properties & Spaces
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Anne Boling Psy.D / Physician / Medical Clinic
    • Dr. Anthony H. Henley, PSY.D / Physician / Medical Clinic
    • Associated Clinical Services / Physician / Medical Clinic
    • Shostak David A / Physician / Medical Clinic
    • Fairfax-Falls Church Community Services / Medical Clinic

    Property Details for 8348 Traford Ln

    Year built
    1972
    Property type
    Office Properties & Spaces

    Description

    This exceptional office suite, located at 8348 Traford Lane Unit 302 in the Springfield Professional Park, offers 4 private offices, a spacious reception and waiting area, a restroom, and a kitchenette. The unit features wall-to-wall carpeting and is conveniently situated in a building with elevator access. Its prime location in the West Springfield area, just off Rolling Road, provides easy access for clients and employees. The suite is perfect for a variety of professional uses, including medical, financial, or similar businesses. Utilities are handled on a shared basis

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2331
    Latitude
    38.7815

    Comparable in this City

    • Value Estimation by Request

      6116 Rolling Rd Ste, Unit 301

      CONDOMINIUM OFFICES
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    • Value Estimation by Request

      8136 Old Keene Ml Rd Ste B304

      CONDOMINIUM OFFICES
      8136 Old Keene Ml Rd Ste B304, Springfield, VA 22152-1843
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    • Value Estimation by Request
      870 SF

      6354 Rolling Mill Pl

      Office Properties & Spaces • 870 SF
      6354 Rolling Mill Pl, West Springfield, VA 22152
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    • Value Estimation by Request

      6207 Old Keene Ml Ct, Unit 11

      CONDOMINIUM OFFICES
      6207 Old Keene Ml Ct, Springfield, VA 22152-2352
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    • Value Estimation by Request
      491 SF

      8136 Old Keene Ml Rd Ste B218

      CONDOMINIUM OFFICES • 491 SF
      8136 Old Keene Ml Rd Ste B218, Springfield, VA 22152-1855
      View Details
    • Value Estimation by Request
      539 SF

      8136 Old Keene Ml Rd, Unit 214

      CONDOMINIUM OFFICES • 539 SF
      8136 Old Keene Ml Rd, Springfield, VA 22152-1850
      View Details

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    • Contact for pricing

      Springfield Office Suite - Ideal Location

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    Similar Nearby for Lease

    • $1,100 /Mo

      Cary Building

      Available Now: Ideal for a small business, therapist, attorney, medical or remote team
      8136 Old Keene Mill Rd, Springfield, VA 22152
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    • $34 SF/Yr
      18,344 SF

      Rolling Road Office Space For Lease

      Prime Fairfax County Office Building, 18,344 sq ft
      5803 Rolling Rd, Springfield, VA 22152
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    • $3,200 /Mo

      West Springfield Medical/Office Space

      Medical and office space available for rent in West Springfield.
      8348 Traford Ln #301, Springfield, VA 22152
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    • $750 /Mo

      Springfield Office Spaces For Lease

      Office spaces for lease in the heart of Springfield.
      8322 Traford Ln, Springfield, VA 22152
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    • $1,450 /Mo
      871 SF

      West Springfield Ground Floor Office

      Ground floor office space in West Springfield, approximately 1,000sqft.
      6354 Rolling Mill Pl, Springfield, VA 22152
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    • $1,600 /Mo

      Small Office Space Available

      Fully built-out office space suitable for various uses.
      8336 Traford Ln, Springfield, VA 22152
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    Springfield, VA 22152
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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