Updated Residential Income
For Sale
$560,000
7753 WILLOW POINT DRIVE Unit 7753, Falls Church, VA 22042
Renovated condominium with an open layout, contemporary finishes, and convenient access to recreation, transit, shopping, and dining.
Property Size1,364 SF
Price / SF$410.56
Days on Market10
Property Features for 7753 WILLOW POINT DRIVE Unit 7753
General Information
Standard status
Active
Size
1,364 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,459
Building Details
Building Size
1,364 SF
Year Built
1984
Listing Agency:
Samson Properties
(571) 722-5155
Listed By:
Vivian L Garcete · License #0225081260
(571) 722-5155
Source:
Kerishull
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 30 at 11:58PM
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 residential income property is an updated condominium with two bedrooms, two bathrooms, and 1,364 square feet of interior space. The open living arrangement connects the kitchen, dining, and living areas, while luxury tile flooring, recessed lighting, fresh paint, and updated fixtures carry throughout. Kitchen improvements include contemporary cabinetry, quartz countertops, stainless steel appliances, and a large island. Both bathrooms feature floor-to-ceiling marble-look tile, modern vanities, smart sensor toilets, and updated fixtures.
Constructed in 1984, the property is located at 7753 Willow Point Drive in Falls Church, Virginia. Tysons Corner, Metro stations, major commuter routes, the Mosaic District, and the Gallows Road corridor are all within minutes. Providence Recreation Center is one block away and includes aquatic facilities, fitness centers, indoor courts, tracks, and programs for all ages. Washington, D.C. is approximately 15 minutes away.
Constructed in 1984, the property is located at 7753 Willow Point Drive in Falls Church, Virginia. Tysons Corner, Metro stations, major commuter routes, the Mosaic District, and the Gallows Road corridor are all within minutes. Providence Recreation Center is one block away and includes aquatic facilities, fitness centers, indoor courts, tracks, and programs for all ages. Washington, D.C. is approximately 15 minutes away.
Key Highlights
- Two‑bedroom, two‑bathroom condominium with 1,364 square feet
- Updated kitchen with quartz countertops, stainless steel appliances, and a large island
- Bathrooms renovated with floor‑to‑ceiling marble‑look tile and smart sensor toilets
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
$20,417
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
3.65%
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%
$408,340
$408.3K
Cap Rate 7%
$291,671
$291.7K
Cap Rate 9%
$226,856
$226.9K
Market Conditions
NOI Build-Up for 1,364 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
$39.3K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.1K $27.22/SF
− OpEx
−$16.7K −$12.25/SF
NOI
$20.4K $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%
$408,340
Cap Rate 7%
$291,671
Cap Rate 9%
$226,856
Alternative Uses
Best Use
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,417 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.72M
$5.00M – $6.67M
NOI $400,228 @ 7.0% cap · market cap 71.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 22042, VA
34,638
Population
12,598
Households
2.7
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
6.4 sq mi
ZIP Area
5,412
Density / Sq Mi
$135,578
Median Household Income
$60,264
Median Earnings
$2,178
Median Rent
$666,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condominium with an open layout, contemporary finishes, and convenient access to recreation, transit, shopping, and dining.
Where is this residential income property located?
The property is located at 7753 WILLOW POINT DRIVE Unit 7753 Falls Church, VA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium with 1,364 square feet; Updated kitchen with quartz countertops, stainless steel appliances, and a large island; Bathrooms renovated with floor‑to‑ceiling marble‑look tile and smart sensor toilets
