One-Bedroom Condominium with
1580 SPRING GATE DRIVE Unit 4216, Mc Lean, VA 22102
For Sale
$289,500
The second-floor residence has in-unit laundry and reserved garage parking.
Property Size642 SF
Price / SF$450.93
Days on Market102
Property Features for 1580 SPRING GATE DRIVE Unit 4216
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
community pool
fitness center
clubhouse
business center
grilling areas
playground
EV charging stations
in-unit washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Partners Real Estate
Listed By:
Leith Imam Jaber · License #0225228133
(352) 228-2577
Source:
Exqrealestate
Added: Jul 31
Changed: Nov 8
Last Checked: Nov 8 at 5:12PM
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 Partners Real Estate
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Investment Insights
Based on property information with market context.
This 642-square-foot condominium is a second-floor end unit with one bedroom and one full bath. The living and dining area opens to a covered private balcony, and the kitchen has granite counters, stainless-steel appliances, cabinetry and a breakfast bar. A walk-in closet, in-unit washer and dryer, smart thermostat, and reserved garage parking add practical features. The building dates to 1997.
Gates of McLean residents have access to a pool, fitness center, clubhouse, business center, grilling areas, playground and EV charging stations. The property is near the McLean Metro, Capital One Center, Tysons Corner, commuter routes, shopping, dining and entertainment.
Gates of McLean residents have access to a pool, fitness center, clubhouse, business center, grilling areas, playground and EV charging stations. The property is near the McLean Metro, Capital One Center, Tysons Corner, commuter routes, shopping, dining and entertainment.
Key Highlights
- 642‑square‑foot, one‑bedroom, one‑bath condominium
- Second‑floor end unit with a covered private balcony
- Granite kitchen counters, stainless‑steel appliances and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,610
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,200
$192.2K
Cap Rate 7%
$137,286
$137.3K
Cap Rate 9%
$106,778
$106.8K
Market Conditions
NOI Build-Up for 642 SF
Gross rent
$18.5K $28.80/SF
− Vacancy
−$1.0K −$1.58/SF
EGI
$17.5K $27.22/SF
− OpEx
−$7.9K −$12.25/SF
NOI
$9.6K $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%
$192,200
Cap Rate 7%
$137,286
Cap Rate 9%
$106,778
Alternative Uses
Best Use
Apartment 5plus
$137.3K
$120.1K – $160.2K
NOI $9,610 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$356.6K
$312.0K – $416.0K
NOI $24,961 @ 7.0% cap · market cap 8.62%
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
Paved road 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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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor residence has in-unit laundry and reserved garage parking.
Where is this residential income property located?
The property is located at 1580 SPRING GATE DRIVE Unit 4216 Mc Lean, VA.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: 642‑square‑foot, one‑bedroom, one‑bath condominium; Second‑floor end unit with a covered private balcony; Granite kitchen counters, stainless‑steel appliances and breakfast bar
