One-Bedroom
For Sale
$320,000
3021 NICOSH CIRCLE Unit 1103, Falls Church, VA 22042
The unit includes a private balcony, walk-in closet, and full-size laundry appliances.
Property Size737 SF
Price / SF$434.19
Days on Market121
Property Features for 3021 NICOSH CIRCLE Unit 1103
General Information
Standard status
Active
Size
737 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,148
Amenities
private balcony
in-unit washer and dryer
secure building access
outdoor pool
clubhouse
dog park
walking trails
picnic areas
Building Details
Building Size
737 SF
Year Built
2000
Listing Agency:
Argent Realty,LLC
Listed By:
Lisa Ann Pham · License #225244621
(571) 217-6340
Source:
Mxwrealestate
Added: Jul 3
Changed: Oct 30
Last Checked: Oct 30 at 1:44AM
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 Argent Realty,LLC
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium was built in 2000 and has an open living and dining area. The bedroom includes a walk-in closet, while a private balcony extends the living space. A full-size washer and dryer and a new water heater are also included, along with secure building entry.
Community facilities include an outdoor pool, clubhouse, dog park, walking trails, and picnic areas. The property is described as minutes from the Mosaic District, Dunn Loring-Merrifield Metro, Tysons, and Inova Fairfax Hospital, with access to I-495, I-66, and US-50.
Community facilities include an outdoor pool, clubhouse, dog park, walking trails, and picnic areas. The property is described as minutes from the Mosaic District, Dunn Loring-Merrifield Metro, Tysons, and Inova Fairfax Hospital, with access to I-495, I-66, and US-50.
Key Highlights
- One bedroom and one bathroom
- Open living and dining area with a private balcony
- Walk‑in closet in the bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,032
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,640
$220.6K
Cap Rate 7%
$157,600
$157.6K
Cap Rate 9%
$122,578
$122.6K
Market Conditions
NOI Build-Up for 737 SF
Gross rent
$21.2K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$20.1K $27.22/SF
− OpEx
−$9.0K −$12.25/SF
NOI
$11.0K $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%
$220,640
Cap Rate 7%
$157,600
Cap Rate 9%
$122,578
Alternative Uses
Best Use
Apartment 5plus
$157.6K
$137.9K – $183.9K
NOI $11,032 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.09M
$2.70M – $3.60M
NOI $216,252 @ 7.0% cap · market cap 67.58%
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 a private balcony, walk-in closet, and full-size laundry appliances.
Where is this residential income property located?
The property is located at 3021 NICOSH CIRCLE Unit 1103 Falls Church, VA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: One bedroom and one bathroom; Open living and dining area with a private balcony; Walk‑in closet in the bedroom
