Two-Bedroom Residential
For Sale
$359,000
12941 CENTRE PARK CIRCLE Unit 116, Herndon, VA 20171
Main-level condominium in a gated community with pool, fitness center, clubhouse and garage parking.
Property Size1,136 SF
Price / SF$316.02
Days on Market92
Property Features for 12941 CENTRE PARK CIRCLE Unit 116
General Information
Standard status
Active
Size
1,136 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,259
Amenities
gated entry
swimming pools
fitness center
clubhouse
walking paths
pet stations
garage parking
Building Details
Building Size
1,136 SF
Year Built
2005
Listing Agency:
Fairfax Realty Select
Listed By:
Anup Vij · License #0225088976
(703) 869-5219
Source:
Canopy-re
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 26 at 12:39PM
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 Select
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Investment Insights
Based on property information with market context.
This 1,136-square-foot condominium has two bedrooms and two full bathrooms, with its main-level position and an open arrangement connecting the kitchen, dining area and living room. Built in 2005, the home includes a primary suite with a private bathroom and a second bedroom that can also serve as guest or office space.
Community features include gated entry, swimming pools, a fitness center, clubhouse, walking paths, pet stations and garage parking. The property is near the Herndon Metro, Woodland Park shopping center, Harris Teeter and restaurants, with access to Route 28 and the Dulles Toll Road. Reston Town Center and Dulles International Airport are also minutes away.
Community features include gated entry, swimming pools, a fitness center, clubhouse, walking paths, pet stations and garage parking. The property is near the Herndon Metro, Woodland Park shopping center, Harris Teeter and restaurants, with access to Route 28 and the Dulles Toll Road. Reston Town Center and Dulles International Airport are also minutes away.
Key Highlights
- 1,136‑square‑foot, main‑level condominium
- Two bedrooms and two full bathrooms
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,005
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,100
$340.1K
Cap Rate 7%
$242,929
$242.9K
Cap Rate 9%
$188,944
$188.9K
Market Conditions
NOI Build-Up for 1,136 SF
Gross rent
$32.7K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.9K $27.22/SF
− OpEx
−$13.9K −$12.25/SF
NOI
$17.0K $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%
$340,100
Cap Rate 7%
$242,929
Cap Rate 9%
$188,944
Alternative Uses
Best Use
Apartment 5plus
$242.9K
$212.6K – $283.4K
NOI $17,005 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.76M
$4.17M – $5.56M
NOI $333,328 @ 7.0% cap · market cap 92.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
Explore this area
Business Placement
Demographics for 20171, VA
51,759
Population
19,221
Households
2.7
Avg Household Size
36
Median Age
74%
College-Educated
97%
High-School Grad
11.6 sq mi
ZIP Area
4,462
Density / Sq Mi
$166,154
Median Household Income
$89,943
Median Earnings
$2,276
Median Rent
$770,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Main-level condominium in a gated community with pool, fitness center, clubhouse and garage parking.
Where is this residential income property located?
The property is located at 12941 CENTRE PARK CIRCLE Unit 116 Herndon, VA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 1,136‑square‑foot, main‑level condominium; Two bedrooms and two full bathrooms; Built in 2005
