Condominium with Pool-View
For Sale
$275,000
5500 HOLMES RUN PARKWAY Unit 512, Alexandria, VA 22304
Assigned parking, in-unit laundry, and a private balcony add practical convenience to this condominium.
Property Size930 SF
Price / SF$295.70
Days on Market84
Property Features for 5500 HOLMES RUN PARKWAY Unit 512
General Information
Standard status
Active
Size
930 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Taxes and HOA fees
Annual Taxes
$3,410
Building Details
Building Size
930 SF
Year Built
1974
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 6
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 930-square-foot condominium was built in 1974 and includes a kitchen with Corian countertops, updated bathrooms, and a primary suite with a walk-in closet and soaking tub. The unit also has a washer and dryer, dedicated storage, assigned parking, and a private balcony facing the pool. Condominium fees cover utilities except cable and internet.
Van Dorn Metro Station is less than two miles away. Holmes Run Trail, parks, shops, restaurants, and grocery stores are nearby, and the location provides access to the Pentagon, Washington, D.C., Old Town Alexandria, Arlington, National Landing, Tysons, and major commuter routes.
Van Dorn Metro Station is less than two miles away. Holmes Run Trail, parks, shops, restaurants, and grocery stores are nearby, and the location provides access to the Pentagon, Washington, D.C., Old Town Alexandria, Arlington, National Landing, Tysons, and major commuter routes.
Key Highlights
- 930‑square‑foot condominium built in 1974
- Private balcony overlooking the pool
- Kitchen features Corian countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,256
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,120
$285.1K
Cap Rate 7%
$203,657
$203.7K
Cap Rate 9%
$158,400
$158.4K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$27.3K $29.40/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$25.9K $27.87/SF
− OpEx
−$11.7K −$12.54/SF
NOI
$14.3K $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%
$285,120
Cap Rate 7%
$203,657
Cap Rate 9%
$158,400
Alternative Uses
Best Use
Apartment 5plus
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$516.5K
$452.0K – $602.6K
NOI $36,158 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
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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 - Assigned parking, in-unit laundry, and a private balcony add practical convenience to this condominium.
Where is this residential income property located?
The property is located at 5500 HOLMES RUN PARKWAY Unit 512 Alexandria, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 930‑square‑foot condominium built in 1974; Private balcony overlooking the pool; Kitchen features Corian countertops
