High-Rise Residential Income
For Sale
$629,000
8220 CRESTWOOD HEIGHTS DRIVE Unit 1410, Mc Lean, VA 22102
One-bedroom residence with a private den, dual full bathrooms, and extensive high-rise amenities in Tysons.
Property Size1,215 SF
Price / SF$517.70
Days on Market15
Property Features for 8220 CRESTWOOD HEIGHTS DRIVE Unit 1410
General Information
Standard status
Active
Size
1,215 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR+Den/2BA
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$7,075
Amenities
rooftop pool
sky lounge
fitness center
library
24-hour concierge
guest suites
community center
Building Details
Building Size
1,215 SF
Year Built
2008
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Tanbir K Marwah · License #0225222727
(703) 945-9818
Source:
Kerishull
Added: Sep 10
Changed: Sep 20
Last Checked: Sep 22 at 10:00PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 14th-floor residential income property at One Park Crest offers 1,215 square feet with one bedroom, a separate den, and two full bathrooms. The enclosed den includes a door and can serve as an office, guest room, or additional living area. The kitchen features gas cooking, stainless steel appliances, a granite island, and hardwood flooring extending into the main living area. A private balcony and south-facing exposure provide courtyard and tree-lined views.
Built in 2008, the condominium includes access to a rooftop pool, sky lounge, fitness center, community spaces, library, secure elevator access, and 24-hour concierge and security services. Condo services cover gas, water, sewer, and trash. The property is located at 8220 Crestwood Heights Drive in McLean, near the Silver Line Metro, Tysons Galleria, Tysons Corner Center, I-495, Rt 123, Rt 7, and the Dulles Access Road. The residence is within the McLean High School pyramid.
Built in 2008, the condominium includes access to a rooftop pool, sky lounge, fitness center, community spaces, library, secure elevator access, and 24-hour concierge and security services. Condo services cover gas, water, sewer, and trash. The property is located at 8220 Crestwood Heights Drive in McLean, near the Silver Line Metro, Tysons Galleria, Tysons Corner Center, I-495, Rt 123, Rt 7, and the Dulles Access Road. The residence is within the McLean High School pyramid.
Key Highlights
- 1,215‑square‑foot 14th‑floor residence with one bedroom and an enclosed den
- Two full bathrooms in a one‑bedroom floor plan
- Private balcony with south‑facing courtyard and tree‑lined views
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
$18,187
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
2.89%
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%
$363,740
$363.7K
Cap Rate 7%
$259,814
$259.8K
Cap Rate 9%
$202,078
$202.1K
Market Conditions
NOI Build-Up for 1,215 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
$35.0K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$33.1K $27.22/SF
− OpEx
−$14.9K −$12.25/SF
NOI
$18.2K $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%
$363,740
Cap Rate 7%
$259,814
Cap Rate 9%
$202,078
Alternative Uses
Best Use
Apartment 5plus
$259.8K
$227.3K – $303.1K
NOI $18,187 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.09M
$4.46M – $5.94M
NOI $356,508 @ 7.0% cap · market cap 56.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,474
Businesses Nearby
Explore this area
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 - One-bedroom residence with a private den, dual full bathrooms, and extensive high-rise amenities in Tysons.
Where is this residential income property located?
The property is located at 8220 CRESTWOOD HEIGHTS DRIVE Unit 1410 Mc Lean, VA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 1,215‑square‑foot 14th‑floor residence with one bedroom and an enclosed den; Two full bathrooms in a one‑bedroom floor plan; Private balcony with south‑facing courtyard and tree‑lined views
