Income-Producing Condominium with
For Sale
$189,000
11400 WASHINGTON PLZ W Unit 201, Reston, VA 20190
The residence includes a fully equipped kitchen and a 15-foot balcony overlooking Lake Anne.
Property Size530 SF
Price / SF$356.60
Days on Market29
Property Features for 11400 WASHINGTON PLZ W Unit 201
General Information
Standard status
Active
Size
530 SF
Property subtype
Unit/Flat/Apartment
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,955
Building Details
Building Size
530 SF
Year Built
1966
Tenancy
Single
Listing Agency:
The Greene Realty Group
Listed By:
Derek J. Greene · License #0225265075
(888) 278-5840
Source:
Catoctinproperties
Added: Oct 7
Changed: Oct 26
Last Checked: Nov 3 at 6:17AM
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 The Greene Realty Group
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Investment Insights
Based on property information with market context.
Built in 1966, this condominium residence includes a fully equipped kitchen and a 15-foot balcony with views of Lake Anne. A new HVAC system has been installed, and a tenant is in place through November.
The property is at Lake Anne Plaza in Reston, with dining, shops, and seasonal community events nearby. Metro access and major highways are also nearby, and Dulles Airport is seven miles away. The condo fee covers utilities and recreational amenities.
The property is at Lake Anne Plaza in Reston, with dining, shops, and seasonal community events nearby. Metro access and major highways are also nearby, and Dulles Airport is seven miles away. The condo fee covers utilities and recreational amenities.
Key Highlights
- 15‑foot balcony overlooking Lake Anne
- New HVAC system
- Tenant in place through November
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,933
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,660
$158.7K
Cap Rate 7%
$113,329
$113.3K
Cap Rate 9%
$88,144
$88.1K
Market Conditions
NOI Build-Up for 530 SF
Gross rent
$15.3K $28.80/SF
− Vacancy
−$840 −$1.58/SF
EGI
$14.4K $27.22/SF
− OpEx
−$6.5K −$12.25/SF
NOI
$7.9K $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%
$158,660
Cap Rate 7%
$113,329
Cap Rate 9%
$88,144
Alternative Uses
Best Use
Apartment 5plus
$113.3K
$99.2K – $132.2K
NOI $7,933 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,514 @ 7.0% cap · market cap 82.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
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 residence includes a fully equipped kitchen and a 15-foot balcony overlooking Lake Anne.
Where is this residential income property located?
The property is located at 11400 WASHINGTON PLZ W Unit 201 Reston, VA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 15‑foot balcony overlooking Lake Anne; New HVAC system; Tenant in place through November
