Two-Bedroom Residential
For Sale
$351,900
12956 CENTRE PARK CIRCLE Unit 317, Herndon, VA 20171
A private patio, updated interior finishes, and shared community amenities complement this two-bedroom residence.
Property Size1,031 SF
Price / SF$341.32
Days on Market81
Property Features for 12956 CENTRE PARK CIRCLE Unit 317
General Information
Standard status
Active
Size
1,031 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,991
Amenities
pool
recreation building
security gates
Building Details
Building Size
1,031 SF
Year Built
2005
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Aug 10
Changed: Oct 26
Last Checked: Oct 26 at 3:24PM
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 REAL Realty
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Investment Insights
Based on property information with market context.
This 1,031-square-foot condominium was built in 2005 and contains two bedrooms and two bathrooms. Interior features include granite countertops, ample cabinet and counter space, ceiling fans, fresh paint, and new carpet. A private patio extends the living area and faces a wooded setting.
Community amenities include two pools and a recreation building, with gated entry and on-site professional management. The property is in Herndon, near Dulles International Airport and the Dulles Toll Road, with shopping, dining, and entertainment venues nearby.
Community amenities include two pools and a recreation building, with gated entry and on-site professional management. The property is in Herndon, near Dulles International Airport and the Dulles Toll Road, with shopping, dining, and entertainment venues nearby.
Key Highlights
- Two bedrooms and two bathrooms
- 1,031 square feet; built in 2005
- Granite countertops, ample cabinetry, and counter space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,433
Cap Rate
4.39%
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 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.32M
$3.78M – $5.04M
NOI $302,519 @ 7.0% cap · market cap 85.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - A private patio, updated interior finishes, and shared community amenities complement this two-bedroom residence.
Where is this residential income property located?
The property is located at 12956 CENTRE PARK CIRCLE Unit 317 Herndon, VA.
What is the asking price?
The asking price for this property is $351,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 1,031 square feet; built in 2005; Granite countertops, ample cabinetry, and counter space
