Two-Bedroom Residential Income
For Sale
$520,000
2711 BELLFOREST COURT Unit 305, Vienna, VA 22180
Condominium with balcony, fireplace, garage parking, storage, and access to building amenities.
Property Size1,185 SF
Price / SF$438.82
Days on Market49
Property Features for 2711 BELLFOREST COURT Unit 305
General Information
Standard status
Active
Size
1,185 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,687
Amenities
clubhouse
fitness center
outdoor pool
private balcony
fireplace
in-unit washer/dryer
Building Details
Building Size
1,185 SF
Year Built
1998
Listing Agency:
Samson Properties
(240) 476-7421
Listed By:
Supilai Ensley · License #588751
(240) 476-7421
Source:
Kerishull
Added: Jul 15
Changed: Aug 31
Last Checked: Aug 30 at 10:10PM
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
Investment Insights
Based on property information with market context.
This 1,185-square-foot condominium was built in 1998 and offers a two-bedroom, two-bath layout within a secured elevator building. Interior features include an open living area with fireplace, a kitchen with white cabinetry and granite countertops, a balcony, an in-unit washer and dryer, and a primary suite with its own full bath. The second bedroom can accommodate guests or office use. The property includes 1 assigned garage parking space, 2 guest parking permits, and a private storage unit.
Residents have access to a clubhouse, fitness center, and outdoor pool. The home is near the Dunn Loring-Merrifield Metro, The Shops at Avenir Place, Harris Teeter, Target, restaurants, cafes, and boutique shops. The Mosaic District is less than a mile away, with access to I-495, I-66, Route 50, Route 29, and Tysons Corner.
Residents have access to a clubhouse, fitness center, and outdoor pool. The home is near the Dunn Loring-Merrifield Metro, The Shops at Avenir Place, Harris Teeter, Target, restaurants, cafes, and boutique shops. The Mosaic District is less than a mile away, with access to I-495, I-66, Route 50, Route 29, and Tysons Corner.
Key Highlights
- 1,185‑square‑foot condominium with 2 bedrooms and 2 baths
- Built in 1998 within a secured elevator building
- 1 assigned garage parking space plus 2 guest parking permits
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,738
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,760
$354.8K
Cap Rate 7%
$253,400
$253.4K
Cap Rate 9%
$197,089
$197.1K
Market Conditions
NOI Build-Up for 1,185 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.1K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.3K $27.22/SF
− OpEx
−$14.5K −$12.25/SF
NOI
$17.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,760
Cap Rate 7%
$253,400
Cap Rate 9%
$197,089
Alternative Uses
Best Use
Apartment 5plus
$253.4K
$221.7K – $295.6K
NOI $17,738 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,706 @ 7.0% cap · market cap 66.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
Explore this area
Business Placement
Demographics for 22180, VA
26,666
Population
10,013
Households
2.7
Avg Household Size
38
Median Age
76%
College-Educated
95%
High-School Grad
5.9 sq mi
ZIP Area
4,520
Density / Sq Mi
$181,467
Median Household Income
$90,369
Median Earnings
$2,335
Median Rent
$916,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium with balcony, fireplace, garage parking, storage, and access to building amenities.
Where is this residential income property located?
The property is located at 2711 BELLFOREST COURT Unit 305 Vienna, VA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 1,185‑square‑foot condominium with 2 bedrooms and 2 baths; Built in 1998 within a secured elevator building; 1 assigned garage parking space plus 2 guest parking permits
