Third-Floor Residential Income
For Sale
$300,000
1530 SPRING GATE DRIVE Unit 9312, Mc Lean, VA 22102
The unit includes in-home laundry, a reserved parking space, and access to a broad lineup of community amenities.
Property Size655 SF
Price / SF$458.02
Days on Market116
Property Features for 1530 SPRING GATE DRIVE Unit 9312
General Information
Standard status
Active
Size
655 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,849
Amenities
washer/dryer
clubhouse
movie theater
gym
sauna
pool
hot tub
basketball court
playground
walking trails
EV charging
Building Details
Building Size
655 SF
Year Built
1997
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
Shujaa khaznadar · License #0225239093
(571) 447-0333
Source:
Paulwesley
Added: Jul 10
Changed: Oct 30
Last Checked: Oct 30 at 3:18PM
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 Spring Hill Real Estate, LLC.
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Investment Insights
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Located on the third floor, this 655-square-foot residence features upgraded flooring, crown molding, and updated light fixtures. The kitchen has a breakfast bar, while the primary bedroom includes a walk-in closet and a marble-style bathroom. A full-size washer and dryer, reserved parking, and a recently installed water heater are also included.
Community amenities include a clubhouse, movie theater, fitness room, sauna, swimming pool, hot tub, basketball court, playground, walking trails, and EV charging. The property is near Metro service, shopping, and dining, and across from Capital One Center, where Wegmans and additional retail and food options are located. Built in 1997.
Community amenities include a clubhouse, movie theater, fitness room, sauna, swimming pool, hot tub, basketball court, playground, walking trails, and EV charging. The property is near Metro service, shopping, and dining, and across from Capital One Center, where Wegmans and additional retail and food options are located. Built in 1997.
Key Highlights
- 655‑square‑foot residence on the third floor
- Primary bedroom with walk‑in closet and marble‑style bathroom
- Full‑size washer and dryer; reserved parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,805
Cap Rate
3.27%
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 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.75M
$2.40M – $3.20M
NOI $192,192 @ 7.0% cap · market cap 64.06%
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
1,398
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes in-home laundry, a reserved parking space, and access to a broad lineup of community amenities.
Where is this residential income property located?
The property is located at 1530 SPRING GATE DRIVE Unit 9312 Mc Lean, VA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 655‑square‑foot residence on the third floor; Primary bedroom with walk‑in closet and marble‑style bathroom; Full‑size washer and dryer; reserved parking space
