One-Bedroom Residential
1530 SPRING GATE DRIVE Unit 9113, Mc Lean, VA 22102
For Sale
$315,000
Updated interior includes marble kitchen counters, a private patio, and in-unit laundry.
Property Size655 SF
Price / SF$480.92
Days on Market159
Property Features for 1530 SPRING GATE DRIVE Unit 9113
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
gated entrance
onsite management
outdoor swimming pool
clubhouse
fitness center
basketball court
walking trails
dog run
playground
in-unit washer and dryer
ceiling fan
Building Details
Building Size
Year Built
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Zarema Kumukova · License #0225254581
(301) 750-4703
Source:
Jackrealtygroup
Added: Jun 4
Changed: Nov 5
Last Checked: Nov 8 at 8:52AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 655-square-foot, one-bedroom, one-bathroom condominium was built in 1997 and has been updated with luxury vinyl plank flooring, refreshed lighting, and marble kitchen countertops. The living area opens to a private patio, while a walk-in closet and in-unit washer and dryer add practical storage and convenience. The home is in a gated community and has a ceiling fan and high ceilings.
Community amenities include an outdoor pool, clubhouse, fitness center, basketball court, walking trails, dog run, and playground. Wegmans, the Silver Line Metro, Capital One Center, dining, shopping, and entertainment are nearby. Access routes include I-495, Route 123, the Dulles Toll Road (267), and Route 7.
Community amenities include an outdoor pool, clubhouse, fitness center, basketball court, walking trails, dog run, and playground. Wegmans, the Silver Line Metro, Capital One Center, dining, shopping, and entertainment are nearby. Access routes include I-495, Route 123, the Dulles Toll Road (267), and Route 7.
Key Highlights
- 655‑square‑foot condominium with one bedroom and one bathroom
- Private patio, walk‑in closet, and in‑unit washer and dryer
- Marble kitchen countertops and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,805
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,100
$196.1K
Cap Rate 7%
$140,071
$140.1K
Cap Rate 9%
$108,944
$108.9K
Market Conditions
NOI Build-Up for 655 SF
Gross rent
$18.9K $28.80/SF
− Vacancy
−$1.0K −$1.58/SF
EGI
$17.8K $27.22/SF
− OpEx
−$8.0K −$12.25/SF
NOI
$9.8K $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%
$196,100
Cap Rate 7%
$140,071
Cap Rate 9%
$108,944
Alternative Uses
Best Use
Apartment 5plus
$140.1K
$122.6K – $163.4K
NOI $9,805 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$363.8K
$318.3K – $424.4K
NOI $25,466 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 22102, VA
27,743
Population
14,274
Households
1.9
Avg Household Size
37
Median Age
81%
College-Educated
99%
High-School Grad
12.3 sq mi
ZIP Area
2,256
Density / Sq Mi
$153,816
Median Household Income
$93,200
Median Earnings
$2,471
Median Rent
$1,003,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior includes marble kitchen counters, a private patio, and in-unit laundry.
Where is this residential income property located?
The property is located at 1530 SPRING GATE DRIVE Unit 9113 Mc Lean, 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: 655‑square‑foot condominium with one bedroom and one bathroom; Private patio, walk‑in closet, and in‑unit washer and dryer; Marble kitchen countertops and luxury vinyl plank flooring
