Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8317 Old Keene Ml Rd Springfield, VA 22152-2430
    Back to Search
    Property profile & analytics

    8317 Old Keene Ml Rd, Springfield, VA 22152-2430

    View on Map
    • Drive through restaurants
    • 3,000 SF
    • 0.59 lot acres
    Off-Market
    Property ID
    US87-0654284
    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

    • Einstein Bros. Bagels / (Bike/Boat/Book/etc) Store / Bakery

    Property Details for 8317 Old Keene Ml Rd

    Year built
    1971
    Construction
    CONCRETE BLOCKS
    Lot size
    0.59 lot acres
    Zone code
    C-6(COMMUNITY RETAIL)
    Property type
    Drive through restaurants
    APN
    079-3-01-0006
    APU
    793010006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 13, 2013 $1,207,000 Julie Berger LLC Net Lease Funding 2005 LP Grant Deed —
    May 23, 2005 $777,814 Owner Name Unavailable Owner Name Unavailable Grant Deed · related $275M · Wells Fargo Bk NA (te)
    — — Julie Berger LLC — Deed Of Trust · related $200k · First Va Cmnty Bk

    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
    -77.2322
    Latitude
    38.779
    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
    $15,165
    $930,420
    $251,140
    $1,181,560
    -
    $930,420
    $251,140
    $1,181,560

    Comparable in this City

    • Value Estimation by Request
      4,042 SF

      6219 Rolling Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      6219 Rolling Rd, Springfield, VA 22152-1637
      View Details
    • Value Estimation by Request
      0.48 Acres

      Springfield, VA 22152

      DRIVE-THRU RESTAURANT, FAST FOOD
      Springfield, VA 22152
      View Details
    • Value Estimation
      $545,000
      2,736 SF

      8315 Old Keene Ml Rd

      SERVICE STATION (FULL SERVICE)
      8315 Old Keene Ml Rd, Springfield, VA 22152-2430
      View Details
    • Value Estimation
      $21,205,000
      87,940 SF

      8310 Old Keene Ml Rd

      MINI-MALL
      8310 Old Keene Ml Rd, Springfield, VA 22152-1640
      View Details
    • Value Estimation
      $530,000
      1,920 SF

      6381 Rolling Rd

      SERVICE STATION (FULL SERVICE)
      6381 Rolling Rd, Springfield, VA 22152-2426
      View Details
    • Value Estimation
      $20,680,000
      71,700 SF

      6228 Rolling Rd, Unit 1

      MINI-MALL
      6228 Rolling Rd, Springfield, VA 22152-2307
      View Details

    Similar Nearby for Sale

    • New
      $100,000
      1,037 SF

      Turnkey Office Space in Springfield

      1,037 SF office suite with flexible layout and amenities.
      6116 Rolling 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
    • $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
    • $500,000

      SPRINGFIELD, VA Office Condo

      Two-level office condo in a desirable location with tenant.
      6213 Old Keene Mill Ct, Springfield, VA 22152
      View Details
    • Contact for pricing

      Two-Level Office Condo For Sale

      Two-level office condo in a desirable location, tenant occupied.
      14-6213 Old Keene Mill Ct, Springfield, VA 22152
      View Details
    • $265,000
      Pending

      Updated Office Space in Springfield

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

    Similar Nearby for Lease

    • Contact for pricing
      2,687 SF

      Retail Space in Springfield, VA

      Grocery-anchored shopping center with a diverse tenant mix.
      6206 Rolling Rd, Springfield, VA 22152
      View Details
    • Contact for pricing
      2,320 SF

      Grocery-Anchored Shopping Center Space

      Retail space available in West Springfield shopping center.
      6230 Rolling Rd, W Springfield, VA 22152
      View Details
    • $1,042 /Mo

      Main Floor Office Suite

      Office suite with reception area, move-in ready condition.
      8136 Old Keene Mill Rd, Springfield, VA 22152
      View Details
    • $1,042 /Mo

      Office Space in Cary Building

      Office space available in Cary Professional Building, Springfield, VA.
      8136 Old Keene Mill Rd, 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.
    8317 Old Keene Ml Rd
    Springfield, VA 22152-2430
    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

    Thank You for Inquiry
    8317 Old Keene Ml Rd, Springfield, VA, 22152
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!