Residential Unit with
For Sale
$390,000
8370 GREENSBORO DRIVE Unit 420, Mc Lean, VA 22102
One bedroom, a den, and one-and-a-half baths provide a flexible residential layout within a gated community.
Property Size1,077 SF
Price / SF$362.12
Days on Market130
Property Features for 8370 GREENSBORO DRIVE Unit 420
General Information
Standard status
Active
Size
1,077 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
in need of updating
Units
Unit Mix
1 bedroom plus a den and 1.5 baths
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,918
Amenities
walking paths
indoor pool
outdoor pool
fitness center
community center
fenced in dog park
electric car charging stations
Building Details
Building Size
1,077 SF
Year Built
1980
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Nicholas Dariush Davari · License #0225236960
(703) 919-2101
Source:
Canopy-re
Added: Jun 26
Changed: Nov 1
Last Checked: Oct 31 at 12:08PM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,077-square-foot residential unit has one bedroom, a den, and 1.5 baths. Built in 1980, it requires updating and is being offered in as-is condition.
Residents of the gated Rotonda community have access to indoor and outdoor pools, walking paths, fitness and community centers, a fenced dog park, and electric vehicle charging stations. Shopping, dining, and entertainment are available at the nearby Boro and Tysons Corner malls. The property is near I-495, I-66, and the Dulles Toll Road, with connections toward Washington, DC, Reston, suburban Maryland, and Dulles Airport.
Residents of the gated Rotonda community have access to indoor and outdoor pools, walking paths, fitness and community centers, a fenced dog park, and electric vehicle charging stations. Shopping, dining, and entertainment are available at the nearby Boro and Tysons Corner malls. The property is near I-495, I-66, and the Dulles Toll Road, with connections toward Washington, DC, Reston, suburban Maryland, and Dulles Airport.
Key Highlights
- 1,077 square feet with one bedroom, a den, and 1.5 baths
- Built in 1980; updating is needed and the unit is sold as‑is
- Gated Rotonda community with indoor and outdoor pools and walking paths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,121
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,420
$322.4K
Cap Rate 7%
$230,300
$230.3K
Cap Rate 9%
$179,122
$179.1K
Market Conditions
NOI Build-Up for 1,077 SF
Gross rent
$31.0K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$29.3K $27.22/SF
− OpEx
−$13.2K −$12.25/SF
NOI
$16.1K $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%
$322,420
Cap Rate 7%
$230,300
Cap Rate 9%
$179,122
Alternative Uses
Best Use
Apartment 5plus
$230.3K
$201.5K – $268.7K
NOI $16,121 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.51M
$3.95M – $5.27M
NOI $316,016 @ 7.0% cap · market cap 81.03%
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
3,832
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
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Frequently Asked Questions
What type of property is this?
Residential income property - One bedroom, a den, and one-and-a-half baths provide a flexible residential layout within a gated community.
Where is this residential income property located?
The property is located at 8370 GREENSBORO DRIVE Unit 420 Mc Lean, VA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1,077 square feet with one bedroom, a den, and 1.5 baths; Built in 1980; updating is needed and the unit is sold as‑is; Gated Rotonda community with indoor and outdoor pools and walking paths
