2-Bedroom Condo with Private
For Sale
$469,000
3021 NICOSH CIRCLE Unit 1110, Falls Church, VA 22042
An open living and dining area, hardwood flooring, and community amenities complement this main-level residence.
Property Size1,135 SF
Price / SF$413.22
Days on Market29
Property Features for 3021 NICOSH CIRCLE Unit 1110
General Information
Standard status
Active
Size
1,135 SF
Total Parking Spaces
3
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,864
Amenities
outdoor pool
clubhouse
fitness center
Building Details
Building Size
1,135 SF
Year Built
2000
Listing Agency:
Compass
Listed By:
Amy Sills Eggers · License #0225259773
(703) 915-2214
Source:
Irvinrealtyllc
Added: Sep 30
Changed: Oct 27
Last Checked: Oct 26 at 7:49PM
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 Compass
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Investment Insights
Based on property information with market context.
This main-level condominium contains 1,135 square feet, with two bedrooms and two full bathrooms. Hardwood flooring runs through the open living and dining area. Parking includes one underground garage space, one outdoor surface space, and a separate private single-car garage, which can also serve as storage. The building dates to 2000.
Residents have access to an outdoor pool, clubhouse, and fitness center. The Mosaic District is within walking distance, with restaurants, shops, entertainment, and everyday services. Inova Fairfax Hospital and the City of Falls Church are a short drive away. The property also has access to the Capital Beltway and Dunn Loring-Merrifield Metro for travel around Northern Virginia and the Washington, DC area.
Residents have access to an outdoor pool, clubhouse, and fitness center. The Mosaic District is within walking distance, with restaurants, shops, entertainment, and everyday services. Inova Fairfax Hospital and the City of Falls Church are a short drive away. The property also has access to the Capital Beltway and Dunn Loring-Merrifield Metro for travel around Northern Virginia and the Washington, DC area.
Key Highlights
- 2 bedrooms and 2 full bathrooms in 1,135 square feet
- Three parking spaces: underground garage, outdoor surface space, and private single‑car garage
- Separate private garage can also be used for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,990
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,800
$339.8K
Cap Rate 7%
$242,714
$242.7K
Cap Rate 9%
$188,778
$188.8K
Market Conditions
NOI Build-Up for 1,135 SF
Gross rent
$32.7K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.9K $27.22/SF
− OpEx
−$13.9K −$12.25/SF
NOI
$17.0K $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%
$339,800
Cap Rate 7%
$242,714
Cap Rate 9%
$188,778
Alternative Uses
Best Use
Apartment 5plus
$242.7K
$212.4K – $283.2K
NOI $16,990 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.76M
$4.16M – $5.55M
NOI $333,035 @ 7.0% cap · market cap 71.01%
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 - An open living and dining area, hardwood flooring, and community amenities complement this main-level residence.
Where is this residential income property located?
The property is located at 3021 NICOSH CIRCLE Unit 1110 Falls Church, VA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 2 bedrooms and 2 full bathrooms in 1,135 square feet; Three parking spaces: underground garage, outdoor surface space, and private single‑car garage; Separate private garage can also be used for storage
