Garden-Style Residential Income
For Sale
$309,900
5905 BAYSHIRE ROAD Unit 186, Springfield, VA 22152
Updated two-bedroom condominium with a private patio, wooded outlook, and convenient community amenities.
Property Size978 SF
Days on Market12
Property Features for 5905 BAYSHIRE ROAD Unit 186
General Information
Standard status
Active
Size
978 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,147
Amenities
community pool
tot lot
tennis courts
Building Details
Building Size
978 SF
Year Built
1968
Construction
garden-style
Listing Agency:
Samson Properties
(703) 675-5155
Listed By:
Michael S Tikkala · License #0225020918
(703) 675-5155
Source:
Dcmetrorealtyteam
Added: Aug 14
Changed: Aug 23
Last Checked: Aug 24 at 2:51PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This garden-style residential income property is a two-bedroom condominium with an updated interior and a private patio oriented toward woods and Accotink Park. Luxury plank flooring extends through the living areas, while the kitchen includes granite counters, a dual-basin sink, and a large pantry. The dining room has a newer light fixture, and the living room opens through French doors. Screen doors provide additional ventilation, and the bathroom features two sinks and two cabinets with a walk-through closet nearby.
Community amenities include a pool, tot lot, and tennis courts. The property offers access to shopping, restaurants, VRE, WMATA bus service, I-95, and FFX Parkway. Gas heat, water, sewer, and almost all other utilities are included, with electricity excluded. Parking space 186 conveys with the unit, and visitor parking is available. The building was constructed in 1968.
Community amenities include a pool, tot lot, and tennis courts. The property offers access to shopping, restaurants, VRE, WMATA bus service, I-95, and FFX Parkway. Gas heat, water, sewer, and almost all other utilities are included, with electricity excluded. Parking space 186 conveys with the unit, and visitor parking is available. The building was constructed in 1968.
Key Highlights
- Two‑bedroom condominium with private patio backing to woods and Accotink Park
- Updated interior with luxury plank flooring and refreshed lighting
- Kitchen includes granite counters, dual‑basin sink, and large pantry
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
$14,639
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
4.72%
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%
$292,780
$292.8K
Cap Rate 7%
$209,129
$209.1K
Cap Rate 9%
$162,656
$162.7K
Market Conditions
NOI Build-Up for 978 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
$28.2K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$26.6K $27.22/SF
− OpEx
−$12.0K −$12.25/SF
NOI
$14.6K $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%
$292,780
Cap Rate 7%
$209,129
Cap Rate 9%
$162,656
Alternative Uses
Best Use
Apartment 5plus
$209.1K
$183.0K – $244.0K
NOI $14,639 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.10M
$3.59M – $4.78M
NOI $286,967 @ 7.0% cap · market cap 92.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 22152, VA
29,843
Population
9,779
Households
3.1
Avg Household Size
40
Median Age
64%
College-Educated
94%
High-School Grad
6.0 sq mi
ZIP Area
4,974
Density / Sq Mi
$159,557
Median Household Income
$73,552
Median Earnings
$2,495
Median Rent
$620,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom condominium with a private patio, wooded outlook, and convenient community amenities.
Where is this residential income property located?
The property is located at 5905 BAYSHIRE ROAD Unit 186 Springfield, VA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two‑bedroom condominium with private patio backing to woods and Accotink Park; Updated interior with luxury plank flooring and refreshed lighting; Kitchen includes granite counters, dual‑basin sink, and large pantry
