Main-Floor Residential Income
For Sale
$398,999
11770 SUNRISE VALLEY DRIVE Unit 120, Reston, VA 20191
A two-bedroom, two-bath residence offers direct patio access and two assigned garage parking spaces.
Property Size1,072 SF
Price / SF$372.20
Days on Market421
Property Features for 11770 SUNRISE VALLEY DRIVE Unit 120
General Information
Standard status
Active
Size
1,072 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,296
Amenities
concierge
management
secured access workout gym
secured access entertainment room with bar/kitchen
gazebo patio
community gardens
Building Details
Building Size
1,072 SF
Year Built
2006
Listing Agency:
e Venture LLC
Listed By:
Glynn R Ford · License #0225090262
(703) 963-3477
Source:
Canopy-re
Added: Sep 10, 2025
Changed: Nov 3
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 e Venture LLC
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Investment Insights
Based on property information with market context.
This 1,072-square-foot condominium has two bedrooms, two full bathrooms, an open kitchen and living area, and a main-floor position. Interior features include engineered bamboo flooring, granite counters, stainless steel appliances, custom cabinetry, crown molding, and ceilings over 9 feet. Both bedroom suites have walk-in closets and soaking tubs. The unit also has patio access and two assigned garage spaces.
The secured building provides concierge and management services, a fitness room, and an entertainment room with a bar, kitchen, and dining area. The property is within walking distance of Reston Town Center, the Silver Line, and Wegman's. Community amenities include trails, recreation facilities, pools, tennis courts, and lakes.
The secured building provides concierge and management services, a fitness room, and an entertainment room with a bar, kitchen, and dining area. The property is within walking distance of Reston Town Center, the Silver Line, and Wegman's. Community amenities include trails, recreation facilities, pools, tennis courts, and lakes.
Key Highlights
- 1,072‑square‑foot condominium with two bedrooms and two full bathrooms
- Main‑floor unit with patio access
- Two assigned garage parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,047
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,940
$320.9K
Cap Rate 7%
$229,243
$229.2K
Cap Rate 9%
$178,300
$178.3K
Market Conditions
NOI Build-Up for 1,072 SF
Gross rent
$30.9K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$29.2K $27.22/SF
− OpEx
−$13.1K −$12.25/SF
NOI
$16.0K $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%
$320,940
Cap Rate 7%
$229,243
Cap Rate 9%
$178,300
Alternative Uses
Best Use
Apartment 5plus
$229.2K
$200.6K – $267.5K
NOI $16,047 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.49M
$3.93M – $5.24M
NOI $314,549 @ 7.0% cap · market cap 78.83%
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 two-bedroom, two-bath residence offers direct patio access and two assigned garage parking spaces.
Where is this residential income property located?
The property is located at 11770 SUNRISE VALLEY DRIVE Unit 120 Reston, VA.
What is the asking price?
The asking price for this property is $398,999.
What are key features of this property?
This property features: 1,072‑square‑foot condominium with two bedrooms and two full bathrooms; Main‑floor unit with patio access; Two assigned garage parking spaces
