Building Details

Building Size 1,215 SF

Year Built 2008

Listing Agency: Spring Hill Real Estate, LLC.

Listed By: Amen Ashabi · License #0225204743 Show Phone

Source: Kerishull

Added: Aug 11 Changed: Oct 3 Last Checked: Oct 13 at 1:25AM

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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 Spring Hill Real Estate, LLC.

Investment Insights

Based on property information with market context.

This fifth-floor condominium offers a one-bedroom-plus-den layout with two full bathrooms and flexible interior space for an office, study, guest area, or additional living area. The residence includes a custom kitchen with granite countertops and stainless-steel appliances, premium hardwood flooring, and large windows oriented toward panoramic views. Built in 2008, the home has had limited occupancy since its purchase in 2012.

Building amenities include an 18th-floor rooftop swimming pool, rooftop lounge, entertainment area, 24-hour security, and guest suites. The property is in Tysons Corner in McLean, near The Boro, Whole Foods Market, restaurants, shopping, entertainment, and everyday services. Silver Line Metro access provides connections throughout Tysons, Northern Virginia, and Washington, DC.

Key Highlights

• 1‑bedroom plus den condominium with 2 full bathrooms
• Custom kitchen with granite countertops and stainless‑steel appliances
• Premium hardwood flooring and large windows with panoramic views

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,187

Cap Rate

2.99%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $18,187 @ 7.0% cap · market cap 2.99%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$5.09M

$4.46M – $5.94M (±1% cap)

NOI $356,508 @ 7.0% cap · market cap 58.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

DeryckJ Coaching Consultant MC Commerce Inc. Construction Company ​SAFA Homes Construction Company Learn Differently Tutor Tutoring Service Engaged Technologies Business ... Business Service Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Fish Market Plumbing Service Veterinary Clinic Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - Fifth-floor condominium with a den, two full bathrooms, hardwood floors, and a custom kitchen with granite finishes.

Where is this residential income property located?

The property is located at 8220 CRESTWOOD HEIGHTS DRIVE Unit 511 Mc Lean, VA.

What is the asking price?

The asking price for this property is $609,000.

What are key features of this property?

This property features: 1‑bedroom plus den condominium with 2 full bathrooms; Custom kitchen with granite countertops and stainless‑steel appliances; Premium hardwood flooring and large windows with panoramic views