Two-Bedroom Residential Income
For Sale
$595,000
8340 GREENSBORO DRIVE Unit 708, Mc Lean, VA 22102
Freshly updated two-bedroom unit with a private balcony in a residential income property built in 1978.
Property Size1,327 SF
Price / SF$448.38
Days on Market14
Property Features for 8340 GREENSBORO DRIVE Unit 708
General Information
Standard status
Active
Size
1,327 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
1,327 SF
Year Built
1978
Listing Agency:
Realty ONE Group Capital
(703) 928-5990
Listed By:
Kyung H Soung · License #0225195286
(703) 928-5990
Source:
Kerishull
Added: Jul 17
Changed: Jul 30
Last Checked: Jul 30 at 5:32AM
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 Realty ONE Group Capital
Investment Insights
Based on property information with market context.
Welcome to the “G” Unit at The Rotonda, presented here as a two-bedroom floor plan. This residence is described as meticulously maintained and freshly updated, with a private balcony that serves as an outdoor extension of the living space. The remarks highlight sweeping views of the Tysons night skyline from the balcony.
Unit 708 is part of The Rotonda at 8340 Greensboro Drive in McLean, VA. The property was built in 1978.
With its two-bedroom layout and private outdoor space, this unit can be a strong fit for renters or buyers looking for a well-kept, move-in-ready home within a residential income setting.
Unit 708 is part of The Rotonda at 8340 Greensboro Drive in McLean, VA. The property was built in 1978.
With its two-bedroom layout and private outdoor space, this unit can be a strong fit for renters or buyers looking for a well-kept, move-in-ready home within a residential income setting.
Key Highlights
- Unit 708 at The Rotonda
- Two‑bedroom “G” unit floor plan
- Private balcony with sweeping Tysons night skyline views
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.2k | $28.80 |
| − Vacancy | −$2.1k | −$1.58 |
| EGI | $36.1k | $27.22 |
| − OpEx | −$16.3k | −$12.25 |
| NOI | $19.9k | $14.97 |
1,327 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$283.8K
$248.3K – $331.1K
NOI $19,864 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.56M
$4.87M – $6.49M
NOI $389,372 @ 7.0% cap · market cap 65.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,470
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 - Freshly updated two-bedroom unit with a private balcony in a residential income property built in 1978.
Where is this residential income property located?
The property is located at 8340 GREENSBORO DRIVE Unit 708 Mc Lean, VA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Unit 708 at The Rotonda; Two‑bedroom “G” unit floor plan; Private balcony with sweeping Tysons night skyline views
