Two-Bedroom Condominium with
For Sale
$679,000
8220 CRESTWOOD HEIGHTS DRIVE Unit 301, Mc Lean, VA 22102
An open-concept residence pairs a center-island kitchen with distinct living, dining, and family areas.
Property Size1,338 SF
Days on Market28
Property Features for 8220 CRESTWOOD HEIGHTS DRIVE Unit 301
General Information
Standard status
Active
Size
1,338 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,616
Amenities
balcony
Building Details
Building Size
1,338 SF
Year Built
2008
Listing Agency:
Weichert, REALTORS
Listed By:
soroor aram · License #0225252781
(703) 459-8658
Source:
Barnesrealestatecompany
Added: Sep 24
Changed: Oct 16
Last Checked: Oct 19 at 1:30PM
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 Weichert, REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the third floor, this two-bedroom, two-bath condominium was built in 2008. Its open arrangement connects the kitchen, dining area, living room, and family room. The kitchen has a center island and recently installed stainless steel appliances, while a wraparound balcony extends from the bedrooms and living area and faces the courtyard. The residence also has recently installed HVAC equipment and two assigned garage parking spaces.
The condominium association fee includes water, gas, and trash. Shopping, dining, and major commuter routes are nearby.
The condominium association fee includes water, gas, and trash. Shopping, dining, and major commuter routes are nearby.
Key Highlights
- Two bedrooms and two full bathrooms
- Third‑floor residence with a wraparound balcony facing the courtyard
- Center‑island kitchen with new stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,028
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,560
$400.6K
Cap Rate 7%
$286,114
$286.1K
Cap Rate 9%
$222,533
$222.5K
Market Conditions
NOI Build-Up for 1,338 SF
Gross rent
$38.5K $28.80/SF
− Vacancy
−$2.1K −$1.58/SF
EGI
$36.4K $27.22/SF
− OpEx
−$16.4K −$12.25/SF
NOI
$20.0K $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%
$400,560
Cap Rate 7%
$286,114
Cap Rate 9%
$222,533
Alternative Uses
Best Use
Apartment 5plus
$286.1K
$250.4K – $333.8K
NOI $20,028 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.61M
$4.91M – $6.54M
NOI $392,599 @ 7.0% cap · market cap 57.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - An open-concept residence pairs a center-island kitchen with distinct living, dining, and family areas.
Where is this residential income property located?
The property is located at 8220 CRESTWOOD HEIGHTS DRIVE Unit 301 Mc Lean, VA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Third‑floor residence with a wraparound balcony facing the courtyard; Center‑island kitchen with new stainless steel appliances
