Two-Bedroom Residential
For Sale
$364,900
11400 WASHINGTON PLZ W Unit 1003, Reston, VA 20190
The flexible floor plan includes a separate dining room suited to office or sitting-area use.
Property Size1,259 SF
Price / SF$289.83
Days on Market15
Property Features for 11400 WASHINGTON PLZ W Unit 1003
General Information
Standard status
Active
Size
1,259 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,053
Building Details
Building Size
1,259 SF
Year Built
1966
Listing Agency:
Coldwell Banker Realty
Listed By:
Cynthia Exum Metcalf · License #0225228757
(703) 939-1212
Source:
Canopy-re
Added: Oct 21
Changed: Nov 2
Last Checked: Nov 3 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Heron House contains this 1,259-square-foot condominium with two bedrooms and two full bathrooms. The living room can accommodate a dining area, while a separate dining room offers additional flexibility for uses such as an office or sitting room. The building dates to 1966, and the condominium fee covers all utilities.
The home is in Lake Anne Village Center, near locally owned cafes, restaurants, art studios, and the Lake Anne Farmers Market. Washington Plaza and the lake are also close by, with community events held throughout the year. Lake Anne is recognized on the National Register of Historic Places.
The home is in Lake Anne Village Center, near locally owned cafes, restaurants, art studios, and the Lake Anne Farmers Market. Washington Plaza and the lake are also close by, with community events held throughout the year. Lake Anne is recognized on the National Register of Historic Places.
Key Highlights
- 1,259‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- Separate dining room provides flexible space for an office or sitting area
- Condominium fee includes all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,846
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,920
$376.9K
Cap Rate 7%
$269,229
$269.2K
Cap Rate 9%
$209,400
$209.4K
Market Conditions
NOI Build-Up for 1,259 SF
Gross rent
$36.3K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.3K $27.22/SF
− OpEx
−$15.4K −$12.25/SF
NOI
$18.8K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,920
Cap Rate 7%
$269,229
Cap Rate 9%
$209,400
Alternative Uses
Best Use
Apartment 5plus
$269.2K
$235.6K – $314.1K
NOI $18,846 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.28M
$4.62M – $6.16M
NOI $369,419 @ 7.0% cap · market cap 101.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
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Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The flexible floor plan includes a separate dining room suited to office or sitting-area use.
Where is this residential income property located?
The property is located at 11400 WASHINGTON PLZ W Unit 1003 Reston, VA.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: 1,259‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Separate dining room provides flexible space for an office or sitting area; Condominium fee includes all utilities
