Residential Income Property with
New
For Sale
$575,000
8220 CRESTWOOD HEIGHTS DRIVE Unit 910, Mc Lean, VA 22102
Light-filled condominium residence with an office, private balcony, upscale finishes, and access to full-service building amenities.
Property Size1,215 SF
Price / SF$473.25
Days on Market6
Property Features for 8220 CRESTWOOD HEIGHTS DRIVE Unit 910
General Information
Standard status
Active
Size
1,215 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$4,619
Amenities
private balcony
24-hour concierge
controlled building access
entertainment lounge
fitness studio
outdoor swimming pool
in-unit washer/dryer
Building Details
Building Size
1,215 SF
Year Built
2008
Listing Agency:
Serhant
Listed By:
Elizabeth W Conroy · License #0225193040
(202) 441-3630
Source:
Kerishull
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 9:32PM
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 Serhant
Investment Insights
Based on property information with market context.
This 1-bedroom, 2-bath condominium offers 1,215 square feet with an open living and dining arrangement, hardwood flooring, oversized windows, and a private balcony. The kitchen includes granite counters, oak cabinetry, a gas range, stainless steel appliances, an island with breakfast seating, and added storage. A separate office with built-in shelving provides flexible work or guest space, while the primary suite features two closets and a tiled bath with a frameless glass shower. An in-unit washer and dryer, sprinkler system, and additional storage complete the residence.
Built in 2008, the full-service community provides a 24-hour concierge, controlled entry, entertainment lounge, fitness studio, and outdoor swimming pool. The property is located in Tysons near Tysons Galleria, Tysons Corner Center, Whole Foods Market, The Boro, Capital One Center, and the Greensboro Silver Line Metro, with access to Washington, D.C., and Dulles International Airport.
Built in 2008, the full-service community provides a 24-hour concierge, controlled entry, entertainment lounge, fitness studio, and outdoor swimming pool. The property is located in Tysons near Tysons Galleria, Tysons Corner Center, Whole Foods Market, The Boro, Capital One Center, and the Greensboro Silver Line Metro, with access to Washington, D.C., and Dulles International Airport.
Key Highlights
- 1,215‑square‑foot condominium with 1 bedroom and 2 baths
- Private balcony connected to the living and dining area
- Kitchen with granite counters, gas range, stainless steel appliances, and center island
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
3.16%
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 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.09M
$4.46M – $5.94M
NOI $356,508 @ 7.0% cap · market cap 62.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
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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Frequently Asked Questions
What type of property is this?
Residential income property - Light-filled condominium residence with an office, private balcony, upscale finishes, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 8220 CRESTWOOD HEIGHTS DRIVE Unit 910 Mc Lean, VA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,215‑square‑foot condominium with 1 bedroom and 2 baths; Private balcony connected to the living and dining area; Kitchen with granite counters, gas range, stainless steel appliances, and center island
