Renovated Residential Income
For Sale
$450,000
8350 GREENSBORO DRIVE Unit 1017, Mc Lean, VA 22102
The 1,132-square-foot residence combines a reworked open layout with an enclosed sunroom and updated kitchen.
Property Size1,132 SF
Price / SF$397.53
Days on Market96
Property Features for 8350 GREENSBORO DRIVE Unit 1017
General Information
Standard status
Active
Size
1,132 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,523
Amenities
indoor pool
outdoor pool
fitness center
tennis courts
clubhouse
game room
gated entrance
security
Building Details
Building Size
1,132 SF
Year Built
1978
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Melica Bliss Stevens · License #0225275326
(571) 539-9455
Source:
Jackrealtygroup
Added: Jul 30
Changed: Nov 2
Last Checked: Oct 31 at 6:18PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,132-square-foot residence has a reconfigured open plan that incorporates an enclosed balcony as a sunroom with heated tile flooring. The kitchen has been repositioned and features upgraded countertops, a breakfast area, and appliances installed in June 2026. The primary suite includes a soaking tub and a glass-enclosed shower; built-in cabinetry serves both bedrooms. LVP flooring was installed in the main living areas in 2026, and the HVAC system was replaced in 2023. A separate enclosed laundry area provides additional storage.
Rotonda community amenities include indoor and outdoor pools, a fitness center, tennis courts, a clubhouse, and a game room. The community has a gated entrance and security features. The property is described as minutes from the airport and Silver Line Metro stations.
Rotonda community amenities include indoor and outdoor pools, a fitness center, tennis courts, a clubhouse, and a game room. The community has a gated entrance and security features. The property is described as minutes from the airport and Silver Line Metro stations.
Key Highlights
- 1,132‑square‑foot residence with reconfigured open layout
- Enclosed balcony converted to a sunroom with heated tile flooring
- Kitchen appliances installed in June 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,945
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,900
$338.9K
Cap Rate 7%
$242,071
$242.1K
Cap Rate 9%
$188,278
$188.3K
Market Conditions
NOI Build-Up for 1,132 SF
Gross rent
$32.6K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.8K $27.22/SF
− OpEx
−$13.9K −$12.25/SF
NOI
$16.9K $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%
$338,900
Cap Rate 7%
$242,071
Cap Rate 9%
$188,278
Alternative Uses
Best Use
Apartment 5plus
$242.1K
$211.8K – $282.4K
NOI $16,945 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.75M
$4.15M – $5.54M
NOI $332,154 @ 7.0% cap · market cap 73.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,228
Businesses Nearby
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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 - The 1,132-square-foot residence combines a reworked open layout with an enclosed sunroom and updated kitchen.
Where is this residential income property located?
The property is located at 8350 GREENSBORO DRIVE Unit 1017 Mc Lean, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,132‑square‑foot residence with reconfigured open layout; Enclosed balcony converted to a sunroom with heated tile flooring; Kitchen appliances installed in June 2026
