One-Bedroom Residential Income
For Sale
$244,900
7600 TREMAYNE PLACE Unit 110, Mc Lean, VA 22102
The condo includes updated kitchen appliances, a walk-in closet, private storage, and covered parking.
Property Size789 SF
Price / SF$310.39
Days on Market63
Property Features for 7600 TREMAYNE PLACE Unit 110
General Information
Standard status
Active
Size
789 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,430
Amenities
Olympic-sized pool
tennis courts
basketball courts
playgrounds
scenic walking paths
private storage
Building Details
Building Size
789 SF
Year Built
1974
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Aryan Frizhandi · License #0225232617
(202) 899-0069
Source:
Jackrealtygroup
Added: Sep 1
Changed: Nov 1
Last Checked: Oct 31 at 8:26PM
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 789-square-foot, one-bedroom condo was built in 1974 and features updated kitchen appliances, a walk-in closet, private storage, and covered parking. It is located within a gated 29-acre community with an Olympic-sized pool, tennis and basketball courts, playgrounds, and walking paths.
The property is within walking distance of the McLean Metro, with Tysons Corner shopping, dining, and entertainment nearby.
The property is within walking distance of the McLean Metro, with Tysons Corner shopping, dining, and entertainment nearby.
Key Highlights
- 789‑square‑foot, one‑bedroom condo built in 1974
- Gated community spanning 29 acres
- Updated kitchen appliances, walk‑in closet, and private storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,810
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,200
$236.2K
Cap Rate 7%
$168,714
$168.7K
Cap Rate 9%
$131,222
$131.2K
Market Conditions
NOI Build-Up for 789 SF
Gross rent
$22.7K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$21.5K $27.22/SF
− OpEx
−$9.7K −$12.25/SF
NOI
$11.8K $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%
$236,200
Cap Rate 7%
$168,714
Cap Rate 9%
$131,222
Alternative Uses
Best Use
Apartment 5plus
$168.7K
$147.6K – $196.8K
NOI $11,810 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.31M
$2.89M – $3.86M
NOI $231,510 @ 7.0% cap · market cap 94.53%
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
1,089
Businesses Nearby
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Business Placement
Demographics for 22102, VA
27,743
Population
14,274
Households
1.9
Avg Household Size
37
Median Age
81%
College-Educated
99%
High-School Grad
12.3 sq mi
ZIP Area
2,256
Density / Sq Mi
$153,816
Median Household Income
$93,200
Median Earnings
$2,471
Median Rent
$1,003,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes updated kitchen appliances, a walk-in closet, private storage, and covered parking.
Where is this residential income property located?
The property is located at 7600 TREMAYNE PLACE Unit 110 Mc Lean, VA.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: 789‑square‑foot, one‑bedroom condo built in 1974; Gated community spanning 29 acres; Updated kitchen appliances, walk‑in closet, and private storage
