Residential Income Property with
12949 CENTRE PARK CIRCLE Unit 301, Herndon, VA 20171
For Sale
$315,000
Updated finishes, two garage parking spaces, and access to a gas fireplace distinguish this 731-square-foot residence.
Property Size731 SF
Price / SF$430.92
Days on Market52
Property Features for 12949 CENTRE PARK CIRCLE Unit 301
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Multifamily Units
Parking per Unit
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
gas fireplace
Building Details
Building Size
Year Built
Listing Agency:
Datta Homes
Listed By:
Rama D Chiruvella · License VA #0225080316
(571) 594-0619
Source:
Catoctinproperties
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 13 at 2:12PM
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 Datta Homes
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Investment Insights
Based on property information with market context.
This 731-square-foot residential income property was built in 2005 and includes a gas fireplace and two garage parking spaces. Hardwood flooring runs through the unit, with tile in the kitchen and bathroom. The kitchen has stainless steel appliances, granite countertops, refreshed cabinetry, and a new sink; the bathroom features an updated vanity top and plumbing fixtures. Lighting and ceiling fans have also been replaced, and the water heater dates to August 2021.
The property is a short drive from Herndon Metro, shopping, dining, parks, and major commuter routes. The assigned garage spaces are 299B and 279B on the third floor of Garage B, with entry through Gate 2 or Gate 3.
The property is a short drive from Herndon Metro, shopping, dining, parks, and major commuter routes. The assigned garage spaces are 299B and 279B on the third floor of Garage B, with entry through Gate 2 or Gate 3.
Key Highlights
- 731‑square‑foot residence built in 2005
- Gas fireplace and two garage parking spaces
- Hardwood flooring, with tile in the kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,942
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,840
$218.8K
Cap Rate 7%
$156,314
$156.3K
Cap Rate 9%
$121,578
$121.6K
Market Conditions
NOI Build-Up for 731 SF
Gross rent
$21.1K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$19.9K $27.22/SF
− OpEx
−$9.0K −$12.25/SF
NOI
$10.9K $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%
$218,840
Cap Rate 7%
$156,314
Cap Rate 9%
$121,578
Alternative Uses
Best Use
Apartment 5plus
$156.3K
$136.8K – $182.4K
NOI $10,942 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$406.0K
$355.3K – $473.7K
NOI $28,421 @ 7.0% cap · market cap 9.02%
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
1,192
Businesses Nearby
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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 - Updated finishes, two garage parking spaces, and access to a gas fireplace distinguish this 731-square-foot residence.
Where is this residential income property located?
The property is located at 12949 CENTRE PARK CIRCLE Unit 301 Herndon, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 731‑square‑foot residence built in 2005; Gas fireplace and two garage parking spaces; Hardwood flooring, with tile in the kitchen and bathroom
