Ground-Floor Walk-Out
For Sale
$250,000
8000 CHANUTE PLACE Unit 4, Falls Church, VA 22042
The condo fee covers electricity, gas, water, trash, sewer, and heating and cooling.
Property Size935 SF
Price / SF$267.38
Days on Market38
Property Features for 8000 CHANUTE PLACE Unit 4
General Information
Standard status
Active
Size
935 SF
Property subtype
Unit/Flat/Apartment
Occupancy
100%
Financials
Average Monthly Rent
$2,100
HOA Fee
$907
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,843
Building Details
Building Size
935 SF
Year Built
1966
Tenancy
Single
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 21
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 935-square-foot, ground-level condo has two bedrooms and one bathroom, with direct walk-out access. Built in 1966, the unit has fresh paint, new carpet, a new range, and updated refrigerator, dishwasher, and disposal. It is currently occupied by a tenant, and two parking decals are included. The condo fee covers electricity, gas, water, trash, sewer, and heating and cooling.
The property is less than a mile from Dunn Loring Metro, INOVA Fairfax Hospital, and the Mosaic District.
The property is less than a mile from Dunn Loring Metro, INOVA Fairfax Hospital, and the Mosaic District.
Key Highlights
- 935‑square‑foot condo with two bedrooms and one bathroom
- Ground‑floor unit with walk‑out access
- Condo fee covers electricity, gas, water, trash, sewer, and heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,996
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,920
$279.9K
Cap Rate 7%
$199,943
$199.9K
Cap Rate 9%
$155,511
$155.5K
Market Conditions
NOI Build-Up for 935 SF
Gross rent
$26.9K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.4K $27.22/SF
− OpEx
−$11.5K −$12.25/SF
NOI
$14.0K $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%
$279,920
Cap Rate 7%
$199,943
Cap Rate 9%
$155,511
Alternative Uses
Best Use
Apartment 5plus
$199.9K
$175.0K – $233.3K
NOI $13,996 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.92M
$3.43M – $4.57M
NOI $274,350 @ 7.0% cap · market cap 109.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,763
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo fee covers electricity, gas, water, trash, sewer, and heating and cooling.
Where is this residential income property located?
The property is located at 8000 CHANUTE PLACE Unit 4 Falls Church, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 935‑square‑foot condo with two bedrooms and one bathroom; Ground‑floor unit with walk‑out access; Condo fee covers electricity, gas, water, trash, sewer, and heating and cooling
