Three-Bedroom Residential Income
For Sale
$480,000
5501 SEMINARY ROAD Unit 111S, Falls Church, VA 22041
Freshly painted first-level residence with garage parking, private storage, and extensive community amenities.
Property Size2,086 SF
Price / SF$230.11
Days on Market76
Property Features for 5501 SEMINARY ROAD Unit 111S
General Information
Standard status
Active
Size
2,086 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,834
Building Details
Building Size
2,086 SF
Year Built
1982
Listing Agency:
Serhant
Listed By:
Francella Pham · License #0225252545
(240) 645-6992
Source:
Kerishull
Added: Jun 25
Changed: Sep 4
Last Checked: Sep 8 at 12:48PM
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 Serhant
Investment Insights
Based on property information with market context.
This first-level residential income property at Skyline Square offers 2,086 square feet with three bedrooms and three bathrooms. The home has generous room sizes, abundant natural light, and fresh paint throughout. Two assigned garage parking spaces and a private storage room near the garage provide additional utility.
Community features include a concierge desk, on-site management, outdoor pool, fitness center with sauna, meeting room, billiards room, party room, and rooftop deck. The condominium association fee includes water, sewer, and trash service. Built in 1982, the property is in Bailey's Crossroads with access to shopping, dining, major commuter routes, Tysons, Pentagon City, Amazon HQ2, Old Town Alexandria, Reagan National Airport, and Washington, DC.
Community features include a concierge desk, on-site management, outdoor pool, fitness center with sauna, meeting room, billiards room, party room, and rooftop deck. The condominium association fee includes water, sewer, and trash service. Built in 1982, the property is in Bailey's Crossroads with access to shopping, dining, major commuter routes, Tysons, Pentagon City, Amazon HQ2, Old Town Alexandria, Reagan National Airport, and Washington, DC.
Key Highlights
- 2,086 SF first‑level residence with 3 bedrooms and 3 bathrooms
- Fresh paint throughout with generous room sizes and abundant natural light
- 2 assigned garage parking spaces included
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
$31,225
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
6.51%
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%
$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
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
$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 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%
$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 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.74M
$7.65M – $10.20M
NOI $612,079 @ 7.0% cap · market cap 127.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Freshly painted first-level residence with garage parking, private storage, and extensive community amenities.
Where is this residential income property located?
The property is located at 5501 SEMINARY ROAD Unit 111S Falls Church, VA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2,086 SF first‑level residence with 3 bedrooms and 3 bathrooms; Fresh paint throughout with generous room sizes and abundant natural light; 2 assigned garage parking spaces included
