Residential Income Property with
New
For Sale
$599,999
525 BELMONT BAY DRIVE Unit 205, Woodbridge, VA 22191
A two-bedroom condo includes a separate office, in-unit laundry, and two assigned garage parking spaces.
Property Size2,156 SF
Days on Market7
Property Features for 525 BELMONT BAY DRIVE Unit 205
General Information
Standard status
Active
Size
2,156 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,241
Building Details
Building Size
2,156 SF
Year Built
2007
Listing Agency:
KW Metro Center
Listed By:
Kristian Sonsteby · License #0225267542
(570) 647-8024
Source:
Barnesrealestatecompany
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 8:47PM
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 KW Metro Center
Investment Insights
Based on property information with market context.
This 2007 condominium at 525 Belmont Drive, Unit 205, in Woodbridge, Virginia, offers more than 2,000 square feet with two bedrooms and a separate office or den. The primary suite has a walk-in closet and an en-suite bath with a soaking tub, glass-enclosed shower, and dual vanities. The eat-in kitchen features granite countertops and a center island with seating, alongside a dedicated dining room. Engineered hardwood flooring, custom built-in bookshelves, in-unit laundry, a separate storage room, and two assigned garage parking spaces complete the unit.
The great room has views of Belmont Bay Harbor Marina and Belmont Bay Town Center. A private balcony overlooks community green space and a pocket park.
The great room has views of Belmont Bay Harbor Marina and Belmont Bay Town Center. A private balcony overlooks community green space and a pocket park.
Key Highlights
- More than 2,000 square feet with two bedrooms and a separate office or den
- Primary suite includes a walk‑in closet and bath with soaking tub, glass‑enclosed shower, and dual vanities
- Eat‑in kitchen with granite countertops and a center island with seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,986
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,720
$579.7K
Cap Rate 7%
$414,086
$414.1K
Cap Rate 9%
$322,067
$322.1K
Market Conditions
NOI Build-Up for 2,156 SF
Gross rent
$54.3K $25.20/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$52.7K $24.44/SF
− OpEx
−$23.7K −$11.00/SF
NOI
$29.0K $13.44/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,720
Cap Rate 7%
$414,086
Cap Rate 9%
$322,067
Alternative Uses
Best Use
Apartment 5plus
$414.1K
$362.3K – $483.1K
NOI $28,986 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 22191, VA
74,189
Population
26,127
Households
2.8
Avg Household Size
34
Median Age
39%
College-Educated
87%
High-School Grad
15.4 sq mi
ZIP Area
4,817
Density / Sq Mi
$107,993
Median Household Income
$49,388
Median Earnings
$2,069
Median Rent
$432,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condo includes a separate office, in-unit laundry, and two assigned garage parking spaces.
Where is this residential income property located?
The property is located at 525 BELMONT BAY DRIVE Unit 205 Woodbridge, VA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: More than 2,000 square feet with two bedrooms and a separate office or den; Primary suite includes a walk‑in closet and bath with soaking tub, glass‑enclosed shower, and dual vanities; Eat‑in kitchen with granite countertops and a center island with seating
