Corner Residential Income
5501 SEMINARY ROAD Unit 1111S, Falls Church, VA 22041
For Sale
$525,000
Pending
A three-bedroom corner residence offers two balconies and shared recreational and fitness amenities.
Property Size2,086 SF
Days on Market28
Property Features for 5501 SEMINARY ROAD Unit 1111S
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
front desk
outdoor pool
fitness center
sauna
steam room
party rooms
billiards
Building Details
Building Size
Year Built
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
David Fairweather · License #0225035047
(240) 793-4396
Source:
Horsefarmsandcountryhomes
Added: Oct 12
Changed: Nov 3
Last Checked: Nov 8 at 8:35AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 2,086-square-foot corner residence in Skyline Square has three bedrooms, two full baths, and two private balconies. The living and dining areas connect to a balcony, while the primary suite has access to the second. A third bedroom with an ensuite bath can also serve as an office or guest room. The eat-in kitchen includes updated appliances, granite counters, and a pantry; other interior features include built-ins, a cedar closet, and an in-unit laundry area. The primary bath has an oversized walk-in shower.
Built in 1982, the residence is part of a community with a front desk, outdoor pool, fitness center, sauna, steam room, party rooms, and billiards.
Built in 1982, the residence is part of a community with a front desk, outdoor pool, fitness center, sauna, steam room, party rooms, and billiards.
Key Highlights
- 2,086‑square‑foot corner residence with three bedrooms and two full baths
- Two private balconies, including access from the primary suite
- Eat‑in kitchen with updated appliances, granite countertops, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,225
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,500
$624.5K
Cap Rate 7%
$446,071
$446.1K
Cap Rate 9%
$346,944
$346.9K
Market Conditions
NOI Build-Up for 2,086 SF
Gross rent
$60.1K $28.80/SF
− Vacancy
−$3.3K −$1.58/SF
EGI
$56.8K $27.22/SF
− OpEx
−$25.5K −$12.25/SF
NOI
$31.2K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,500
Cap Rate 7%
$446,071
Cap Rate 9%
$346,944
Alternative Uses
Best Use
Apartment 5plus
$446.1K
$390.3K – $520.4K
NOI $31,225 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.74M
$7.65M – $10.20M
NOI $612,079 @ 7.0% cap · market cap 116.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
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Business Placement
Demographics for 22041, VA
28,039
Population
11,567
Households
2.4
Avg Household Size
36
Median Age
47%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
10,014
Density / Sq Mi
$91,075
Median Household Income
$46,350
Median Earnings
$1,913
Median Rent
$432,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom corner residence offers two balconies and shared recreational and fitness amenities.
Where is this residential income property located?
The property is located at 5501 SEMINARY ROAD Unit 1111S Falls Church, VA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,086‑square‑foot corner residence with three bedrooms and two full baths; Two private balconies, including access from the primary suite; Eat‑in kitchen with updated appliances, granite countertops, and pantry
