Three-Bedroom Residential Income
For Sale
$630,000
6800 FLEETWOOD ROAD Unit 520, Mc Lean, VA 22101
High-rise apartment with balcony, in-unit laundry, secure garage parking, and access to community recreation amenities.
Property Size1,507 SF
Price / SF$418.05
Days on Market8
Property Features for 6800 FLEETWOOD ROAD Unit 520
General Information
Standard status
Active
Size
1,507 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$7,442
Amenities
outdoor pool
tennis courts
exercise room
private balcony
in-unit laundry
secure parking garage
beauty salon
recreation facility
Building Details
Building Size
1,507 SF
Year Built
1975
Construction
brick
Listing Agency:
Real Broker, LLC
Listed By:
Annie L Cefaratti
(202) 841-7601
Source:
Kerishull
Added: Sep 17
Changed: Sep 23
Last Checked: Sep 22 at 9:10PM
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
Investment Insights
Based on property information with market context.
Unit 520 is a 1,507-square-foot apartment within a high-rise residential building constructed in 1975. The residence includes three bedrooms, two bathrooms, an open living layout, a private balcony, and in-unit laundry. Two dedicated parking spaces are provided in the secure parking garage.
Community amenities include an outdoor pool, tennis courts, an exercise room, a beauty salon, and a recreation facility. The association fee covers electricity, water, and trash removal. The property is located at 6800 Fleetwood Road in McLean, Virginia.
Community amenities include an outdoor pool, tennis courts, an exercise room, a beauty salon, and a recreation facility. The association fee covers electricity, water, and trash removal. The property is located at 6800 Fleetwood Road in McLean, Virginia.
Key Highlights
- 1,507‑square‑foot apartment with three bedrooms and two bathrooms
- Private balcony and open living layout
- In‑unit laundry facilities
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
$22,558
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
3.58%
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%
$451,160
$451.2K
Cap Rate 7%
$322,257
$322.3K
Cap Rate 9%
$250,644
$250.6K
Market Conditions
NOI Build-Up for 1,507 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
$43.4K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$41.0K $27.22/SF
− OpEx
−$18.5K −$12.25/SF
NOI
$22.6K $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%
$451,160
Cap Rate 7%
$322,257
Cap Rate 9%
$250,644
Alternative Uses
Best Use
Apartment 5plus
$322.3K
$282.0K – $376.0K
NOI $22,558 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.32M
$5.53M – $7.37M
NOI $442,188 @ 7.0% cap · market cap 70.19%
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
3,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 22101, VA
31,414
Population
11,316
Households
2.8
Avg Household Size
45
Median Age
86%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$250,001
Median Household Income
$126,648
Median Earnings
$3,407
Median Rent
$1,282,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - High-rise apartment with balcony, in-unit laundry, secure garage parking, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 6800 FLEETWOOD ROAD Unit 520 Mc Lean, VA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 1,507‑square‑foot apartment with three bedrooms and two bathrooms; Private balcony and open living layout; In‑unit laundry facilities
