Residential Income Property with
New
For Sale
$740,000
8350 GREENSBORO DRIVE Unit 601, Mc Lean, VA 22102
A three-bedroom, three-bath residence offers a private balcony and sixth-floor views toward Tysons.
Property Size1,780 SF
Price / SF$415.73
Days on Market6
Property Features for 8350 GREENSBORO DRIVE Unit 601
General Information
Standard status
Active
Size
1,780 SF
Total Parking Spaces
4
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,269
Amenities
indoor pool
fitness center
library
lounge
outdoor swimming pools
tennis courts
pickleball courts
walking trails
putting green
playgrounds
EV charging stations
car wash and vacuum
off-leash dog park
24/7 security
private balcony
private storage unit
Building Details
Building Size
1,780 SF
Year Built
1978
Listing Agency:
Corcoran McEnearney
Listed By:
Renneye L Pike · License #0225046189
(703) 798-4089
Source:
Kerishull
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 2:03PM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This 1,780-square-foot residence has three bedrooms and three full baths, with a living room, formal dining room, and private balcony. The primary suite includes two walk-in closets and a dressing area; another bedroom suite has its own full bath and walk-in closet. The sixth-floor home also conveys with two assigned covered parking spaces, two additional unassigned spaces, and a private storage unit.
Building 1 connects indoors to the community center, which includes an indoor pool, fitness center, library, and lounge. The gated, 34-acre community also has indoor and outdoor pools, tennis and pickleball courts, walking trails, a putting green, playgrounds, fitness facilities, EV charging stations, a car wash and vacuum, and an off-leash dog park. Security is provided 24/7.
Tysons Corner Center, The Boro, Tysons Galleria, and Spring Hill Metro station are among the nearby destinations. I-495 and Route 7 provide additional access from the McLean location.
Building 1 connects indoors to the community center, which includes an indoor pool, fitness center, library, and lounge. The gated, 34-acre community also has indoor and outdoor pools, tennis and pickleball courts, walking trails, a putting green, playgrounds, fitness facilities, EV charging stations, a car wash and vacuum, and an off-leash dog park. Security is provided 24/7.
Tysons Corner Center, The Boro, Tysons Galleria, and Spring Hill Metro station are among the nearby destinations. I-495 and Route 7 provide additional access from the McLean location.
Key Highlights
- 1,780‑square‑foot residence with 3 bedrooms and 3 full baths
- Private balcony with sixth‑floor views toward Tysons
- Two assigned covered parking spaces, two additional unassigned spaces, and private storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,644
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,880
$532.9K
Cap Rate 7%
$380,629
$380.6K
Cap Rate 9%
$296,044
$296.0K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$51.3K $28.80/SF
− Vacancy
−$2.8K −$1.58/SF
EGI
$48.4K $27.22/SF
− OpEx
−$21.8K −$12.25/SF
NOI
$26.6K $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%
$532,880
Cap Rate 7%
$380,629
Cap Rate 9%
$296,044
Alternative Uses
Best Use
Apartment 5plus
$380.6K
$333.1K – $444.1K
NOI $26,644 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.46M
$6.53M – $8.70M
NOI $522,292 @ 7.0% cap · market cap 70.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 - A three-bedroom, three-bath residence offers a private balcony and sixth-floor views toward Tysons.
Where is this residential income property located?
The property is located at 8350 GREENSBORO DRIVE Unit 601 Mc Lean, VA.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 1,780‑square‑foot residence with 3 bedrooms and 3 full baths; Private balcony with sixth‑floor views toward Tysons; Two assigned covered parking spaces, two additional unassigned spaces, and private storage
