Residential Condo with Private
For Sale
$289,000
5500 HOLMES RUN PARKWAY Unit 712, Alexandria, VA 22304
The unit combines in-home laundry with covered parking and a separate storage unit.
Property Size930 SF
Price / SF$310.75
Days on Market14
Property Features for 5500 HOLMES RUN PARKWAY Unit 712
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
$3,489
Building Details
Building Size
930 SF
Year Built
1974
Listing Agency:
Real Broker, LLC
Listed By:
Laura Schwartz · License #0225186753
(703) 283-6120
Source:
Irvinrealtyllc
Added: Oct 15
Changed: Oct 27
Last Checked: Oct 27 at 3:20AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Set within the 305-unit Place One condominium, this 930-square-foot residence has hardwood floors, flat-finish ceilings, and a private balcony with views toward Washington, DC. The interior includes a living and dining area, a kitchen with white cabinetry and stainless steel appliances, an in-unit stacked washer and dryer, and a mudroom or pantry area. The bedroom has a walk-in closet and an updated attached bath; a powder room adds a second bathroom. One covered outdoor parking space and a storage unit are included.
Building amenities include tennis courts, a swimming pool, a fitness center, a dog park, and a community room. The property also has an on-site manager and a staffed desk operating around the clock. The condo fee covers utilities other than cable and internet. Leases must be for at least one year.
Building amenities include tennis courts, a swimming pool, a fitness center, a dog park, and a community room. The property also has an on-site manager and a staffed desk operating around the clock. The condo fee covers utilities other than cable and internet. Leases must be for at least one year.
Key Highlights
- 930‑square‑foot condominium in a 305‑unit building
- Private balcony with views toward Washington, DC
- Bedroom with walk‑in closet and updated attached bath, plus a powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,256
Cap Rate
4.93%
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 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$516.5K
$452.0K – $602.6K
NOI $36,158 @ 7.0% cap · market cap 12.51%
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 - The unit combines in-home laundry with covered parking and a separate storage unit.
Where is this residential income property located?
The property is located at 5500 HOLMES RUN PARKWAY Unit 712 Alexandria, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 930‑square‑foot condominium in a 305‑unit building; Private balcony with views toward Washington, DC; Bedroom with walk‑in closet and updated attached bath, plus a powder room
