Residential Income Property with
For Sale
$308,000
11760 SUNRISE VALLEY DRIVE Unit 809, Reston, VA 20191
An open layout, full-height glazing, and a private balcony define this one-bedroom residence.
Property Size664 SF
Price / SF$463.86
Days on Market54
Property Features for 11760 SUNRISE VALLEY DRIVE Unit 809
General Information
Standard status
Active
Size
664 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,518
Amenities
outdoor pool
conference center
fitness center
concierge service
clubroom
landscaping
pools
tennis courts
pickleball courts
trails
lakes
jogging paths
Building Details
Building Size
664 SF
Year Built
2006
Listing Agency:
Fairfax Realty
Listed By:
Mariam Mattin · License #0225244198
(571) 243-4547
Source:
Mxwrealestate
Added: Sep 12
Changed: Nov 2
Last Checked: Nov 3 at 8:29AM
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 Fairfax Realty
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Investment Insights
Based on property information with market context.
This 664-square-foot condominium in Mercer Condominium has one bedroom, one bathroom, and an open floor plan. A floor-to-ceiling window brings natural light into the living area, while the balcony offers panoramic views. The building dates to 2006, and the unit received a new HVAC system in summer 2026.
Building amenities include an outdoor pool, fitness center, conference center, concierge service, clubroom, and landscaped grounds. Residents also have access to Reston Association amenities, including pools, tennis and pickleball courts, 55 miles of trails, lakes, and jogging paths. The property is minutes from Silver Line Metro, Reston Town Center, Reston National Golf Course, and Wegmans, with access to Route 267 and Dulles Airport.
Building amenities include an outdoor pool, fitness center, conference center, concierge service, clubroom, and landscaped grounds. Residents also have access to Reston Association amenities, including pools, tennis and pickleball courts, 55 miles of trails, lakes, and jogging paths. The property is minutes from Silver Line Metro, Reston Town Center, Reston National Golf Course, and Wegmans, with access to Route 267 and Dulles Airport.
Key Highlights
- 664‑square‑foot condominium with one bedroom and one bathroom
- Private balcony with panoramic views
- New HVAC installed in summer 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,939
Cap Rate
3.23%
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 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.78M
$2.44M – $3.25M
NOI $194,833 @ 7.0% cap · market cap 63.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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 - An open layout, full-height glazing, and a private balcony define this one-bedroom residence.
Where is this residential income property located?
The property is located at 11760 SUNRISE VALLEY DRIVE Unit 809 Reston, VA.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: 664‑square‑foot condominium with one bedroom and one bathroom; Private balcony with panoramic views; New HVAC installed in summer 2026
