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    8000 Forbes Pl Springfield, VA 22151
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    8000 Forbes Pl Springfield, VA 22151

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    • Warehouses
    • 62,180 SF
    • 2.80 lot acres
    For Lease
    $4,655,000
    View Listing →
    Office Space in Springfield, VA For Lease
    $4,655,000
    3,322 SF

    Office Space in Springfield, VA

    3,322 square feet of office space available for rent.

    8000 Forbes Pl, Springfield, VA
    View Listing
    Property ID
    US87-0185406
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Freestate Electrical Companies / Electrical Service / General Contractor
    • Roof Maxx Of Woodbridge / Roofing Company / General Contractor
    • DreamHome / Roofing Company / General Contractor
    • Kristin N. Ong Sr, MA / Marriage Or Relationship Counselor
    • Howard J. Johnson, LMFT / Marriage Or Relationship Counselor

    Property Details for 8000 Forbes Pl

    Year built
    1971
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.80 lot acres
    Property size
    62,180 SF
    Zone code
    I-5(INDUSTRIAL GENERAL)
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    070-4-10-0011-F
    APU
    0704100011F

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.221
    Latitude
    38.8081
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $75,332
    $1,588,050
    $4,281,210
    $5,869,260
    -
    $1,588,050
    $4,281,210
    $5,869,260

    Comparable in this City

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      $21,160,000
      227,757 SF

      7201 Wimsatt Rd

      MINI-WAREHOUSE, STORAGE • 227,757 SF
      7201 Wimsatt Rd, Springfield, VA 22151-4007
      View Details
    • Value Estimation
      $3,460,000
      40,795 SF

      5260 Prt Royal Rd

      MINI-WAREHOUSE, STORAGE • 40,795 SF
      5260 Prt Royal Rd, Springfield, VA 22151-2113
      View Details
    • Value Estimation
      $3,215,000
      21,000 SF

      5425 Prt Royal Rd

      MINI-WAREHOUSE, STORAGE • 21,000 SF
      5425 Prt Royal Rd, Springfield, VA 22151-2302
      View Details
    • Value Estimation
      $2,050,000
      30,104 SF

      5410 Prt Royal Rd

      MINI-WAREHOUSE, STORAGE • 30,104 SF
      5410 Prt Royal Rd, Springfield, VA 22151-2314
      View Details
    • Value Estimation
      $3,315,000
      32,320 SF

      5409 Prt Royal Rd

      MINI-WAREHOUSE, STORAGE • 32,320 SF
      5409 Prt Royal Rd, Springfield, VA 22151-2302
      View Details
    • Value Estimation
      $21,760,000
      93,716 SF

      6608 Electronic Dr

      MINI-WAREHOUSE, STORAGE • 93,716 SF
      6608 Electronic Dr, Springfield, VA 22151-4301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,920 SF

      Springfield Office Buildings for Sale

      Office buildings in Springfield, VA, near Backlick Road station.
      6850 Versar Ctr, Springfield, VA 22151
      View Details
    • Contact for pricing
      4.85 Acres

      8001 Braddock Rd, Springfield, VA 22151

      Office properties & Spaces • 4.85 Acres
      8001 Braddock Rd, Springfield, VA 22151
      View Details
    • $999,990

      Renovated Springfield Office Space Available

      Move-in ready office space with excellent commuter access.
      5524 Nw Hempstead Way, Springfield, VA 22151
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    • Contact for pricing
      4.85 Acres

      Springfield Office Space - 4.85 Acres

      Prime Springfield office space, expansive acreage. Ideal for various businesses.
      8001 Braddock Rd, Springfield, VA 22151
      View Details
    • Contact for pricing
      4.85 Acres

      Springfield Office Building, 4.85 Acres

      Prime Springfield Office Space, 4.85-acre lot.
      8001 Braddock Rd, Springfield, VA 22151
      View Details
    • Contact for pricing
      230,602 SF

      Springfield Office Buildings For Sale

      Two office buildings in Springfield, VA, near VRE station.
      6800-6850 Versar Ctr, Springfield, VA 22151
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,611 SF

      Industrial Space Near Washington DC

      93,968 SF industrial space with warehouse and office components.
      6608-6610 Electronic Dr, Springfield, VA 22151
      View Details
    • $3,800 /Mo

      Industrial Space with Office Area

      2500 SF flex space with easy highway access.
      5416 Port Royal Rd, Springfield, VA 22151
      View Details
    • Contact for pricing

      Industrial Space Near Key Highways

      Industrial space with easy access to major transportation routes.
      6619-6631 Iron Pl, Springfield, VA 22151
      View Details
    • $5,730 /Mo

      Office Space Near Amazon Building

      5,000 SF office space for lease near I-495.
      6628 Electronic Dr, Springfield, VA 22151
      View Details
    • $3,800 /Mo

      Industrial Space with Garage Access

      2500 SF industrial space with convenient highway access.
      5416 Port Royal Rd, Springfield, VA 22151
      View Details
    • Contact for pricing
      2,309 SF

      Flex Space Near I-495

      Flex space with immediate I-495 access, Fairfax County zoning.
      5405-5407 Port Royal Rd, Springfield, VA 22151
      View Details
    View Listing
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    8000 Forbes Pl
    Springfield, VA 22151
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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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