One-Bedroom Residential
2300 PIMMIT DRIVE Unit 712, Falls Church, VA 22043
For Sale
$231,000
The seventh-floor home includes an in-unit washer and dryer, additional storage, and staffed building services.
Property Size862 SF
Price / SF$267.98
Days on Market66
Property Features for 2300 PIMMIT DRIVE Unit 712
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Viktar Kutsevich · License #0225209818
(202) 421-3439
Source:
Mxwrealestate
Added: Sep 4
Changed: Oct 30
Last Checked: Nov 8 at 9:38AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 862-square-foot, one-bedroom condominium occupies the seventh floor of Idylwood Towers’ West Building. The unit has an in-home front-loading washer and dryer, and additional storage is provided. The building dates to 1974 and has controlled entry with a 24-hour staffed desk. The condo fee includes water, electricity, heating, and seasonal cooling.
Residents have access to fitness centers, an outdoor pool, tennis courts, grilling and picnic spaces, playgrounds, and party rooms. On-site management and maintenance services are also available. Bus stops are nearby, with access to the West Falls Church Metro. Whole Foods, Trader Joe’s, Starbucks, Orangetheory, restaurants, Tysons Corner, Route 7, I-66, I-495, and the Dulles Toll Road are described as nearby or a short drive away.
Residents have access to fitness centers, an outdoor pool, tennis courts, grilling and picnic spaces, playgrounds, and party rooms. On-site management and maintenance services are also available. Bus stops are nearby, with access to the West Falls Church Metro. Whole Foods, Trader Joe’s, Starbucks, Orangetheory, restaurants, Tysons Corner, Route 7, I-66, I-495, and the Dulles Toll Road are described as nearby or a short drive away.
Key Highlights
- 862‑square‑foot one‑bedroom condominium on the 7th floor
- In‑unit front‑loading washer and dryer; additional storage
- Condo fee covers water, electricity, heating, and seasonal cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,903
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,060
$258.1K
Cap Rate 7%
$184,329
$184.3K
Cap Rate 9%
$143,367
$143.4K
Market Conditions
NOI Build-Up for 862 SF
Gross rent
$24.8K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$23.5K $27.22/SF
− OpEx
−$10.6K −$12.25/SF
NOI
$12.9K $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%
$258,060
Cap Rate 7%
$184,329
Cap Rate 9%
$143,367
Alternative Uses
Best Use
Apartment 5plus
$184.3K
$161.3K – $215.1K
NOI $12,903 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.61M
$3.16M – $4.22M
NOI $252,930 @ 7.0% cap · market cap 109.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
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Demographics for 22043, VA
25,850
Population
10,316
Households
2.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
4.7 sq mi
ZIP Area
5,500
Density / Sq Mi
$143,836
Median Household Income
$80,230
Median Earnings
$2,136
Median Rent
$868,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The seventh-floor home includes an in-unit washer and dryer, additional storage, and staffed building services.
Where is this residential income property located?
The property is located at 2300 PIMMIT DRIVE Unit 712 Falls Church, VA.
What is the asking price?
The asking price for this property is $231,000.
What are key features of this property?
This property features: 862‑square‑foot one‑bedroom condominium on the 7th floor; In‑unit front‑loading washer and dryer; additional storage; Condo fee covers water, electricity, heating, and seasonal cooling
