Renovated Residential Income
For Sale
$369,900
12954 CENTRE PARK CIRCLE Unit 304, Herndon, VA 20171
The third-floor residence has two assigned covered garage spaces and an in-unit washer and dryer.
Property Size1,031 SF
Price / SF$358.78
Days on Market23
Property Features for 12954 CENTRE PARK CIRCLE Unit 304
General Information
Standard status
Active
Size
1,031 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,982
Amenities
swimming pool
fitness center
clubhouse
Building Details
Building Size
1,031 SF
Year Built
2005
Listing Agency:
Agragami, LLC
Listed By:
Sridhar Vemuru · License #0225076040
(703) 851-5372
Source:
Catoctinproperties
Added: Oct 7
Changed: Oct 26
Last Checked: Oct 26 at 3:26PM
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 Agragami, LLC
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Investment Insights
Based on property information with market context.
This 1,031-square-foot, two-bedroom, two-bath condo occupies the third floor of a 2005 building. Recent interior work includes new flooring, lighting, kitchen cabinetry, and paint. The kitchen also has quartz counters, stainless steel appliances, an island with breakfast-bar seating, and a new dishwasher. Both bedrooms have walk-in closets, and the primary bedroom includes an attached bathroom.
The gated community offers a pool, fitness center, and clubhouse. The unit is within walking distance of the Herndon/Monroe Silver Line Metro station and near Downtown Herndon and Reston Town Center. Shopping, dining, and everyday services are nearby, with access to major commuter routes.
The gated community offers a pool, fitness center, and clubhouse. The unit is within walking distance of the Herndon/Monroe Silver Line Metro station and near Downtown Herndon and Reston Town Center. Shopping, dining, and everyday services are nearby, with access to major commuter routes.
Key Highlights
- 1,031‑square‑foot condo with two bedrooms and two bathrooms
- Two assigned covered garage parking spaces
- Updated kitchen with quartz counters, stainless steel appliances, and an island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,433
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,660
$308.7K
Cap Rate 7%
$220,471
$220.5K
Cap Rate 9%
$171,478
$171.5K
Market Conditions
NOI Build-Up for 1,031 SF
Gross rent
$29.7K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$28.1K $27.22/SF
− OpEx
−$12.6K −$12.25/SF
NOI
$15.4K $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%
$308,660
Cap Rate 7%
$220,471
Cap Rate 9%
$171,478
Alternative Uses
Best Use
Apartment 5plus
$220.5K
$192.9K – $257.2K
NOI $15,433 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.32M
$3.78M – $5.04M
NOI $302,519 @ 7.0% cap · market cap 81.78%
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 - The third-floor residence has two assigned covered garage spaces and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 12954 CENTRE PARK CIRCLE Unit 304 Herndon, VA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 1,031‑square‑foot condo with two bedrooms and two bathrooms; Two assigned covered garage parking spaces; Updated kitchen with quartz counters, stainless steel appliances, and an island
