One-Bedroom Residential
For Sale
$295,000
11770 SUNRISE VALLEY DRIVE Unit 118, Reston, VA 20191
A main-level residence pairs a walk-in closet with a private patio and access to extensive shared amenities.
Property Size656 SF
Price / SF$449.70
Days on Market56
Property Features for 11770 SUNRISE VALLEY DRIVE Unit 118
General Information
Standard status
Active
Size
656 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,318
Amenities
24/7 security
on-site management
gym
seasonal pool
party room
courtyards
outdoor spaces
lakes
outdoor pools
tennis/pickleball courts
tot lots
multi-purpose courts
picnic/pavilion locations
pathways
Building Details
Building Size
656 SF
Year Built
2006
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
David F Connell III · License #0225184818
(703) 946-5764
Source:
Horsefarmsandcountryhomes
Added: Sep 10
Changed: Nov 3
Last Checked: Nov 3 at 7:41AM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 656-square-foot, one-bedroom, one-bath residence occupies the main level of a building constructed in 2006. Interior features include a large bedroom and walk-in closet, with an oversized patio extending the living space outdoors. The building provides 24/7 security, on-site management, a gym, a seasonal pool, a party room, courtyards, and outdoor areas. Pets under 50 pounds are welcome.
The property is part of Reston Association, which offers access to lakes, 15 outdoor pools, 52 tennis and pickleball courts, more than 30 tot lots, 30 multipurpose courts, 15 picnic and pavilion locations, and 55 miles of connecting pathways. Two Metro stations are within walking distance, and Dulles Airport and Reston Town Center are nearby. Retail and restaurant development is adjacent to the building.
The property is part of Reston Association, which offers access to lakes, 15 outdoor pools, 52 tennis and pickleball courts, more than 30 tot lots, 30 multipurpose courts, 15 picnic and pavilion locations, and 55 miles of connecting pathways. Two Metro stations are within walking distance, and Dulles Airport and Reston Town Center are nearby. Retail and restaurant development is adjacent to the building.
Key Highlights
- 656‑square‑foot residence with one bedroom and one bath
- Oversized patio, large bedroom, and walk‑in closet
- Building amenities include 24/7 security, on‑site management, gym, seasonal pool, party room, courtyards, and outdoor spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,820
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,400
$196.4K
Cap Rate 7%
$140,286
$140.3K
Cap Rate 9%
$109,111
$109.1K
Market Conditions
NOI Build-Up for 656 SF
Gross rent
$18.9K $28.80/SF
− Vacancy
−$1.0K −$1.58/SF
EGI
$17.9K $27.22/SF
− OpEx
−$8.0K −$12.25/SF
NOI
$9.8K $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%
$196,400
Cap Rate 7%
$140,286
Cap Rate 9%
$109,111
Alternative Uses
Best Use
Apartment 5plus
$140.3K
$122.8K – $163.7K
NOI $9,820 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,485 @ 7.0% cap · market cap 65.25%
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 - A main-level residence pairs a walk-in closet with a private patio and access to extensive shared amenities.
Where is this residential income property located?
The property is located at 11770 SUNRISE VALLEY DRIVE Unit 118 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: 656‑square‑foot residence with one bedroom and one bath; Oversized patio, large bedroom, and walk‑in closet; Building amenities include 24/7 security, on‑site management, gym, seasonal pool, party room, courtyards, and outdoor spaces
