Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    8136 Old Keene Mill Rd Springfield, VA 22152

    • Office Properties & Spaces
    • 682 SF
    For Sale
    View listing
    $296,000
    Value Estimations
    Cap Rate Potential
    5.7%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US87-1005003
    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.

    Current Use by Public Records

    • Impress Eyebrows Threading / Beauty Salon
    • Hutton Chiropractic Health Center / Chiropractor
    • Peter V. Boyer, DC / Chiropractor
    • Craytek / Consultant
    • Allergy Partners of Metro DC / Medical Clinic / Allergist

    Property Details for 8136 Old Keene Mill Rd

    Property size
    682 SF
    Zone code
    PRC(GENERAL COMBINATION D
    Property type
    Office Properties & Spaces
    APN
    079-4-12-0201
    APU
    794120201

    Description

    This exceptional 1,235 square foot office condo, located at 8136 Old Keene Mill Road, Unit B205 in Springfield, Virginia, presents a fantastic investment opportunity. Priced at $296,000, this property offers a versatile and efficient layout ideal for a variety of professional uses. The space features one large open area, perfect for a reception area or collaborative workspace, complemented by two smaller, private offices, providing ample room for individual work or client meetings. The unit includes plumbing already in place for a kitchenette, adding convenience and functionality. Situated on a 0-acre lot, this condo offers easy access and minimal exterior maintenance responsibilities. The property is located in Springfield, VA, providing convenient access to major transportation routes and a thriving business community. This is a rare opportunity to acquire a well-maintained, ready-to-occupy office space in a desirable location. The efficient layout and existing kitchenette plumbing make this an attractive option for businesses seeking a cost-effective and functional workspace. Don't miss this chance to own a piece of prime commercial real estate in Springfield. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $160,000
      6.5%
      $150,000
      7%
      $140,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $166,000
      Market price range: $114k - $188k
      AI Estimate
      $154,000
      Market price range: $114k - $186k

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2273
    Latitude
    38.7812
    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
    $1,882
    $29,330
    $117,300
    $146,630
    -
    $29,330
    $117,300
    $146,630

    Comparable in this City

    • Value Estimation
      $235,000
      139 SF

      8134 Old Keene Ml Rd3e

      CONDOMINIUM OFFICES • 139 SF
      8134 Old Keene Ml Rd3e, Springfield, VA 22152-1800
      View Details
    • Value Estimation by Request

      8136 Old Keene Ml Rd Ste A300

      CONDOMINIUM OFFICES
      8136 Old Keene Ml Rd Ste A300, Springfield, VA 22152-1853
      View Details
    • Value Estimation by Request

      6116 Rolling Rd Ste, Unit 306

      CONDOMINIUM OFFICES
      6116 Rolling Rd Ste, Springfield, VA 22152-1521
      View Details
    • Value Estimation by Request

      8346 Traford Ln Ste, Unit 7

      CONDOMINIUM OFFICES
      8346 Traford Ln Ste, Springfield, VA 22152-1645
      View Details
    • Value Estimation
      $110,000
      447 SF

      8136 Old Keene Ml Rd, Unit 303

      CONDOMINIUM OFFICES • 447 SF
      8136 Old Keene Ml Rd, Springfield, VA 22152-1850
      View Details
    • Value Estimation
      $265,000
      2,400 SF

      8346 Traford Ln, Unit 1

      CONDOMINIUM OFFICES • 2,400 SF
      8346 Traford Ln, Springfield, VA 22152-1600
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Springfield Office Suite - Ideal Location

      Modern office space, 4 offices, great amenities.
      8348 Traford Ln, Springfield, VA 22152
      View Details
    • $294,170
      1,279 SF

      Springfield Office Condo - Great Location!

      1,279 SF Office Condo, Ideal for Medical or General Office.
      8136 Old Keene Mill Rd, Springfield, VA 22152
      View Details
    • $296,000
      1,235 SF

      Springfield Office Condo - Great Investment

      1,235 sq ft Office Condo, Move-in Ready
      8136 Old Keene Mill Rd, Springfield, VA 22152
      View Details
    • New
      $265,000
      1,080 SF

      Updated Office Space in Springfield

      Updated office with reception, private rooms, and convenient location.
      8340 Traford Ln, Springfield, VA 22152
      View Details
    • $413,367

      Springfield Office Space For Sale

      1,872 SF office space suitable for medical or general use.
      8136 Old Keene Mill Rd, Springfield, VA 22152
      View Details
    • $159,900

      Versatile Office Condo For Sale

      Office condo suitable for medical, legal, or small business.
      6116 Rolling Rd, Springfield, VA 22152
      View Details

    Similar Nearby for Lease

    • $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
      View Details
    • $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
      View Details
    • $750 /Mo

      Springfield Office Spaces For Lease

      Office spaces for lease in the heart of Springfield.
      8322 Traford Ln, Springfield, VA 22152
      View Details
    • $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
      View Details
    • $600 /Mo

      Furnished Office Condo For Rent

      Furnished office condo suitable for small businesses or remote workers.
      6371 Rolling Mill Pl, Springfield, VA 22152
      View Details
    • $1,800 /Mo

      Springfield First-Floor Office Space

      800 Sq Ft office with reception and private offices.
      6207 Old Keene Mill Ct, Springfield, VA 22152
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8136 Old Keene Mill Rd
    Springfield, VA 22152
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.