Updated Residential Income
For Sale
$335,000
10248 APPALACHIAN CIR #1-B1, Oakton, VA 22124
OAKTON, VA
Property Size1,109 SF
Price / SF$302.07
Days on Market8
Property Features for 10248 APPALACHIAN CIR #1-B1
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1
Subdivision
FOUR WINDS AT OAKTON
Elementary school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Middle school district
FAIRFAX COUNTY PUBLIC SCHOOLS
High school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
pool
GYM
pet-friendly
community room
parks
dog park
playground
private balcony
fireplace
Building Details
Year built
1986
Listing Agency:
Gainesville/Manassas
(571) 261-1400
Listed By:
Marya Dehkam
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 17 at 6:06AM
MLS# VAFX2339136
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,109-square-foot residential income property at 10248 Appalachian Cir #1-B1 offers a one-bedroom layout with a den, sunroom, dining area, and living room centered around a wood-burning fireplace. The unit also includes a private balcony, substantial closet and storage space, and two parking permits with visitor parking. Recent improvements include HVAC, windows, carpet, and paint, along with a newer washer and a new dryer.
Community features include a pool, gym, community room, pet-friendly policies, and access to exterior maintenance, sewer, water, and trash services. The property is near parks, a dog park, and a playground, with access to Vienna Metro, Tysons, I-66, and Route 123. The unit is tenant occupied, with the current lease scheduled to expire November 30, 2026. The property was built in 1986.
Community features include a pool, gym, community room, pet-friendly policies, and access to exterior maintenance, sewer, water, and trash services. The property is near parks, a dog park, and a playground, with access to Vienna Metro, Tysons, I-66, and Route 123. The unit is tenant occupied, with the current lease scheduled to expire November 30, 2026. The property was built in 1986.
Key Highlights
- 1,109‑square‑foot unit with one bedroom, a den, sunroom, and wood‑burning fireplace
- Recent HVAC, window, carpet, and paint updates
- Private balcony plus two parking permits and visitor parking
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
$16,600
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
4.96%
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%
$332,000
$332.0K
Cap Rate 7%
$237,143
$237.1K
Cap Rate 9%
$184,444
$184.4K
Market Conditions
NOI Build-Up for 1,109 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
$31.9K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.2K $27.22/SF
− OpEx
−$13.6K −$12.25/SF
NOI
$16.6K $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 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%
$332,000
Cap Rate 7%
$237,143
Cap Rate 9%
$184,444
Alternative Uses
Best Use
Apartment 5plus
$237.1K
$207.5K – $276.7K
NOI $16,600 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.65M
$4.07M – $5.42M
NOI $325,406 @ 7.0% cap · market cap 97.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 22124, VA
18,488
Population
7,049
Households
2.6
Avg Household Size
43
Median Age
81%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
1,795
Density / Sq Mi
$216,712
Median Household Income
$114,420
Median Earnings
$2,469
Median Rent
$979,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Tenant-occupied unit with a den, sunroom, fireplace, private balcony, and access to community amenities.
Where is this residential income property located?
The property is located at 10248 APPALACHIAN CIR #1-B1 Oakton, VA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,109‑square‑foot unit with one bedroom, a den, sunroom, and wood‑burning fireplace; Recent HVAC, window, carpet, and paint updates; Private balcony plus two parking permits and visitor parking
