One-Bedroom
For Sale
$244,888
Pending
5911 PRINCE JAMES DRIVE Unit D, Springfield, VA 22152
Updated condominium with community pools, tennis courts, playgrounds, walking trails, and abundant parking.
Property Size691 SF
Days on Market58
Property Features for 5911 PRINCE JAMES DRIVE Unit D
General Information
Standard status
Pending
Size
691 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,810
Amenities
outdoor swimming pools
tennis courts
playgrounds
walking trails
Building Details
Building Size
691 SF
Year Built
1968
Listing Agency:
Compass
Listed By:
Alasgar Farhadov · License #0225088197
(703) 989-3344
Source:
Dcmetrorealtyteam
Added: Jul 24
Changed: Sep 15
Last Checked: Sep 19 at 12:01PM
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 Compass
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium offers 691 square feet of living space with fresh paint and new flooring throughout. The layout includes a living and dining area, a generously sized bedroom, and additional storage. Recent improvements include a replaced HVAC unit, new light fixtures, new faucets, and a new refrigerator. Built in 1968, the unit is located in the Cardinal Forest community.
Community amenities include outdoor swimming pools, tennis courts, playgrounds, walking trails, and abundant parking. The property is near shopping, dining, commuter routes, public transportation, and Lake Accotink Park and trail. Nearby grocery options include Giant, Trader Joe’s, and Aldi, along with other cafes and shops.
Community amenities include outdoor swimming pools, tennis courts, playgrounds, walking trails, and abundant parking. The property is near shopping, dining, commuter routes, public transportation, and Lake Accotink Park and trail. Nearby grocery options include Giant, Trader Joe’s, and Aldi, along with other cafes and shops.
Key Highlights
- One‑bedroom, one‑bath condominium with 691 square feet
- Fresh paint and new flooring throughout
- Recently replaced HVAC unit, new light fixtures, faucets, and refrigerator
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
$10,343
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
4.22%
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%
$206,860
$206.9K
Cap Rate 7%
$147,757
$147.8K
Cap Rate 9%
$114,922
$114.9K
Market Conditions
NOI Build-Up for 691 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
$19.9K $28.80/SF
− Vacancy
−$1.1K −$1.58/SF
EGI
$18.8K $27.22/SF
− OpEx
−$8.5K −$12.25/SF
NOI
$10.3K $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%
$206,860
Cap Rate 7%
$147,757
Cap Rate 9%
$114,922
Alternative Uses
Best Use
Apartment 5plus
$147.8K
$129.3K – $172.4K
NOI $10,343 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.90M
$2.53M – $3.38M
NOI $202,755 @ 7.0% cap · market cap 82.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
163
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium with community pools, tennis courts, playgrounds, walking trails, and abundant parking.
Where is this residential income property located?
The property is located at 5911 PRINCE JAMES DRIVE Unit D Springfield, VA.
What is the asking price?
The asking price for this property is $244,888.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium with 691 square feet; Fresh paint and new flooring throughout; Recently replaced HVAC unit, new light fixtures, faucets, and refrigerator
