One-Bedroom Residential
For Sale
$295,000
11760 SUNRISE VALLEY DRIVE Unit 509, Reston, VA 20191
East-facing residence includes a dedicated garage space and access to shared fitness, pool, and resident gathering amenities.
Property Size664 SF
Price / SF$444.28
Days on Market65
Property Features for 11760 SUNRISE VALLEY DRIVE Unit 509
General Information
Standard status
Active
Size
664 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,344
Amenities
fitness center
party room
outdoor pool
concierge
lifeguard service
Building Details
Building Size
664 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Kevin Rowe · License #0225222806
(202) 341-7606
Source:
Horsefarmsandcountryhomes
Added: Sep 1
Changed: Oct 27
Last Checked: Nov 3 at 7:40AM
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 Compass
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Investment Insights
Based on property information with market context.
This 664-square-foot, east-facing residence in The Mercer has one bedroom and one bathroom. Interior features include oversized windows, granite countertops, stainless steel appliances, updated flooring, and fresh paint. A washer and dryer installed in 2026 and a water heater installed in 2025 are also included. The building was constructed in 2006, and the unit comes with an assigned garage parking space.
Shared building amenities include a fitness center, party room, and outdoor pool. An on-site concierge is available Monday through Saturday, with lifeguard service during pool hours. Residents also have access to Reston Association community amenities.
The property is minutes from Wiehle-Reston Metro, Wegmans at Halley Rise, Reston Town Center, and the W&OD Trail.
Shared building amenities include a fitness center, party room, and outdoor pool. An on-site concierge is available Monday through Saturday, with lifeguard service during pool hours. Residents also have access to Reston Association community amenities.
The property is minutes from Wiehle-Reston Metro, Wegmans at Halley Rise, Reston Town Center, and the W&OD Trail.
Key Highlights
- 664‑square‑foot, east‑facing residence with one bedroom and one bathroom
- Assigned garage parking space included
- Washer and dryer installed in 2026; water heater installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,939
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,780
$198.8K
Cap Rate 7%
$141,986
$142.0K
Cap Rate 9%
$110,433
$110.4K
Market Conditions
NOI Build-Up for 664 SF
Gross rent
$19.1K $28.80/SF
− Vacancy
−$1.1K −$1.58/SF
EGI
$18.1K $27.22/SF
− OpEx
−$8.1K −$12.25/SF
NOI
$9.9K $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%
$198,780
Cap Rate 7%
$141,986
Cap Rate 9%
$110,433
Alternative Uses
Best Use
Apartment 5plus
$142.0K
$124.2K – $165.7K
NOI $9,939 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.78M
$2.44M – $3.25M
NOI $194,833 @ 7.0% cap · market cap 66.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,716
Businesses Nearby
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Business Placement
Demographics for 20191, VA
29,948
Population
12,744
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
93%
High-School Grad
7.8 sq mi
ZIP Area
3,839
Density / Sq Mi
$141,019
Median Household Income
$62,313
Median Earnings
$1,983
Median Rent
$616,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - East-facing residence includes a dedicated garage space and access to shared fitness, pool, and resident gathering amenities.
Where is this residential income property located?
The property is located at 11760 SUNRISE VALLEY DRIVE Unit 509 Reston, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 664‑square‑foot, east‑facing residence with one bedroom and one bathroom; Assigned garage parking space included; Washer and dryer installed in 2026; water heater installed in 2025
