Two-Bedroom Residential Income
12957 CENTRE PARK CIRCLE Unit 202, Herndon, VA 20171
For Sale
$365,000
The condominium combines an open-plan layout with community fitness, recreation, and business amenities.
Property Size1,136 SF
Price / SF$321.30
Days on Market53
Property Features for 12957 CENTRE PARK CIRCLE Unit 202
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fitness center
outdoor pool
clubhouse
billiard room
business center
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Gayle T Bailey II · License #0225189171
(571) 240-4495
Source:
Canopy-re
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 9:18PM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,136-square-foot condominium has two bedrooms and two bathrooms, with an open-concept floor plan and wood flooring. The kitchen features granite countertops, stainless steel appliances, and storage. Both bedrooms have walk-in closets, and the unit also includes a full-sized washer and dryer and an office nook. Built in 2005, the residence is part of the gated Bryson at Woodland Park community, which offers a fitness center, two outdoor pools, a clubhouse, billiard room, and business center.
A 24-hour Harris Teeter and dining and shopping options are across the street. The Herndon Monroe Park and Ride is nearby, and the Silver Line Metro is a 15-minute walk away. Regional access includes Dulles Road, Fairfax County Parkway, Routes 28 and 7.
A 24-hour Harris Teeter and dining and shopping options are across the street. The Herndon Monroe Park and Ride is nearby, and the Silver Line Metro is a 15-minute walk away. Regional access includes Dulles Road, Fairfax County Parkway, Routes 28 and 7.
Key Highlights
- 1,136‑square‑foot condominium with two bedrooms and two bathrooms
- Granite‑counter kitchen with stainless steel appliances
- Full‑sized washer and dryer; walk‑in closets in both bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,005
Cap Rate
4.66%
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 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$631.0K
$552.1K – $736.1K
NOI $44,168 @ 7.0% cap · market cap 12.10%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The condominium combines an open-plan layout with community fitness, recreation, and business amenities.
Where is this residential income property located?
The property is located at 12957 CENTRE PARK CIRCLE Unit 202 Herndon, VA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,136‑square‑foot condominium with two bedrooms and two bathrooms; Granite‑counter kitchen with stainless steel appliances; Full‑sized washer and dryer; walk‑in closets in both bedrooms
