Residential Income Property with
For Sale
$409,900
4950 BRENMAN PARK DRIVE Unit 203, Alexandria, VA 22304
Dedicated office space includes custom built-ins that convey with the property.
Property Size792 SF
Days on Market44
Property Features for 4950 BRENMAN PARK DRIVE Unit 203
General Information
Standard status
Active
Size
792 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,187
Building Details
Building Size
792 SF
Year Built
2004
Listing Agency:
Samson Properties
Listed By:
Irina Babb · License #0225092385
(571) 217-2571
Source:
Dcmetrorealtyteam
Added: Aug 24
Changed: Oct 3
Last Checked: Oct 5 at 11:29PM
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 residential income property at 4950 Brenman Park Drive, Unit 308, includes a dedicated office with custom built-ins. The improvements were completed in 2004, and the built-ins convey with the property.
The seller is willing to remove the built-ins if a different office arrangement is preferred, allowing the space to be reconfigured to suit the buyer’s requirements.
The seller is willing to remove the built-ins if a different office arrangement is preferred, allowing the space to be reconfigured to suit the buyer’s requirements.
Key Highlights
- Dedicated office with custom built‑ins
- Custom built‑ins convey with the property
- Seller willing to remove built‑ins for a different layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,141
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,820
$242.8K
Cap Rate 7%
$173,443
$173.4K
Cap Rate 9%
$134,900
$134.9K
Market Conditions
NOI Build-Up for 792 SF
Gross rent
$23.3K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.1K $27.87/SF
− OpEx
−$9.9K −$12.54/SF
NOI
$12.1K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,820
Cap Rate 7%
$173,443
Cap Rate 9%
$134,900
Alternative Uses
Best Use
Apartment 5plus
$173.4K
$151.8K – $202.4K
NOI $12,141 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$439.9K
$384.9K – $513.2K
NOI $30,793 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Dedicated office space includes custom built-ins that convey with the property.
Where is this residential income property located?
The property is located at 4950 BRENMAN PARK DRIVE Unit 203 Alexandria, VA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Dedicated office with custom built‑ins; Custom built‑ins convey with the property; Seller willing to remove built‑ins for a different layout
