Two-Bedroom
For Sale
$419,900
3015 NICOSH CIRCLE Unit 2108, Falls Church, VA 22042
The unit includes two garage spaces, in-unit laundry, and access to community amenities including a pool and fitness center.
Property Size1,108 SF
Price / SF$378.97
Days on Market13
Property Features for 3015 NICOSH CIRCLE Unit 2108
General Information
Standard status
Active
Size
1,108 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$5,447
Amenities
pool
fitness center
clubhouse
Building Details
Building Size
1,108 SF
Year Built
2000
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Brad C. Kintz · License #0225063045
(703) 629-0103
Source:
Canopy-re
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 2:36PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,108-square-foot condominium has two bedrooms and two bathrooms. The kitchen features white cabinetry, a breakfast bar, granite countertops, and stainless steel appliances. A gas fireplace anchors the living room, which opens to a covered private terrace. A washer and dryer are located in the unit, and the HVAC system and hot water heater have been updated. The building dates to 2000.
The property is less than one mile from the Inova Hospital Campus and near Mosaic District and Merrifield Metro. Access to I-495 and I-66 connects the area with Tysons Corner.
The property is less than one mile from the Inova Hospital Campus and near Mosaic District and Merrifield Metro. Access to I-495 and I-66 connects the area with Tysons Corner.
Key Highlights
- Two bedrooms and two bathrooms in 1,108 square feet
- Two garage spaces
- Kitchen with breakfast bar, granite countertops, white cabinetry, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,585
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,700
$331.7K
Cap Rate 7%
$236,929
$236.9K
Cap Rate 9%
$184,278
$184.3K
Market Conditions
NOI Build-Up for 1,108 SF
Gross rent
$31.9K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.2K $27.22/SF
− OpEx
−$13.6K −$12.25/SF
NOI
$16.6K $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%
$331,700
Cap Rate 7%
$236,929
Cap Rate 9%
$184,278
Alternative Uses
Best Use
Apartment 5plus
$236.9K
$207.3K – $276.4K
NOI $16,585 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.64M
$4.06M – $5.42M
NOI $325,112 @ 7.0% cap · market cap 77.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 22042, VA
34,638
Population
12,598
Households
2.7
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
6.4 sq mi
ZIP Area
5,412
Density / Sq Mi
$135,578
Median Household Income
$60,264
Median Earnings
$2,178
Median Rent
$666,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes two garage spaces, in-unit laundry, and access to community amenities including a pool and fitness center.
Where is this residential income property located?
The property is located at 3015 NICOSH CIRCLE Unit 2108 Falls Church, VA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,108 square feet; Two garage spaces; Kitchen with breakfast bar, granite countertops, white cabinetry, and stainless steel appliances
