Updated Residential Income
For Sale
$194,000
5250 VALLEY FORGE DRIVE Unit 107, Alexandria, VA 22304
Main-level condo with renovated finishes, covered patio, assigned parking, and utility-inclusive condominium fees.
Property Size746 SF
Days on Market156
Property Features for 5250 VALLEY FORGE DRIVE Unit 107
General Information
Standard status
Active
Size
746 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,135
Amenities
laundry on every floor
secure entry
community pool
private covered patio
Building Details
Building Size
746 SF
Year Built
1966
Listing Agency:
RLAH @properties
(202) 455-6747
Listed By:
Brittnee J Sellers · License #0225250673
(202) 455-6747
Source:
Dcmetrorealtyteam
Added: Mar 24
Changed: Aug 25
Last Checked: Aug 25 at 12:58PM
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 RLAH @properties
Investment Insights
Based on property information with market context.
This updated 1BR/1BA condominium is a main-level unit in the Wapleton community. The light-filled interior features fresh paint, newer flooring and carpet, and a private covered patio. The kitchen includes granite countertops, shaker-style cabinets, newer appliances, and gas cooking. The unit also includes an assigned parking space and a separate storage unit.
The condominium fee includes electricity, gas, heat, and water. Building amenities include laundry on every floor with newer commercial-grade machines, secure entry, and a community pool. The property is inside the beltway with access to I-395 and I-495, the Pentagon, DC, parks, library, dining, shopping, entertainment, and the new INOVA Landmark redevelopment. The home was built in 1966.
The condominium fee includes electricity, gas, heat, and water. Building amenities include laundry on every floor with newer commercial-grade machines, secure entry, and a community pool. The property is inside the beltway with access to I-395 and I-495, the Pentagon, DC, parks, library, dining, shopping, entertainment, and the new INOVA Landmark redevelopment. The home was built in 1966.
Key Highlights
- Updated 1BR/1BA main‑level condominium
- Granite countertops, shaker‑style cabinets, newer appliances, and gas cooking
- Private covered patio, assigned parking space, and separate storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,436
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,720
$228.7K
Cap Rate 7%
$163,371
$163.4K
Cap Rate 9%
$127,067
$127.1K
Market Conditions
NOI Build-Up for 746 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.9K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$20.8K $27.87/SF
− OpEx
−$9.4K −$12.54/SF
NOI
$11.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,720
Cap Rate 7%
$163,371
Cap Rate 9%
$127,067
Alternative Uses
Best Use
Apartment 5plus
$163.4K
$143.0K – $190.6K
NOI $11,436 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$414.3K
$362.6K – $483.4K
NOI $29,004 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,463
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Main-level condo with renovated finishes, covered patio, assigned parking, and utility-inclusive condominium fees.
Where is this residential income property located?
The property is located at 5250 VALLEY FORGE DRIVE Unit 107 Alexandria, VA.
What is the asking price?
The asking price for this property is $194,000.
What are key features of this property?
This property features: Updated 1BR/1BA main‑level condominium; Granite countertops, shaker‑style cabinets, newer appliances, and gas cooking; Private covered patio, assigned parking space, and separate storage unit
