Top-Floor Residential Income
For Sale
$595,000
10328 SAGER AVENUE Unit 403, Fairfax, VA 22030
Updated kitchen, replacement windows, two assigned garage spaces, and oversized storage support low-maintenance occupancy.
Property Size1,260 SF
Price / SF$472.22
Days on Market90
Property Features for 10328 SAGER AVENUE Unit 403
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,837
Building Details
Building Size
1,260 SF
Year Built
2003
Listing Agency:
Samson Properties
(571) 599-8701
Listed By:
Jasmine Pineda · License #0225251505
(571) 599-8701
Source:
Kerishull
Added: Jun 4
Changed: Aug 31
Last Checked: Aug 30 at 11:23PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 1,260-square-foot condominium occupies the top floor of a 2003 building and offers a practical low-maintenance layout. The residence has an updated kitchen with white cabinetry, replacement windows installed five years ago, two assigned garage parking spaces, visitor parking, and an oversized storage unit. The elevated position provides privacy and eliminates upstairs neighbors.
The property is near George Mason University, the City of Fairfax Regional Library, Van Dyck Park, and Fairfax City's trail network. A shopping center is located across the street, with dining options within walking distance. Route 50, I-66, and the Vienna Metro provide regional transportation access.
The property is near George Mason University, the City of Fairfax Regional Library, Van Dyck Park, and Fairfax City's trail network. A shopping center is located across the street, with dining options within walking distance. Route 50, I-66, and the Vienna Metro provide regional transportation access.
Key Highlights
- 1,260‑square‑foot top‑floor condominium in a 2003 building
- Updated kitchen with white cabinetry
- Replacement windows installed five years ago
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
$18,861
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
3.17%
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%
$377,220
$377.2K
Cap Rate 7%
$269,443
$269.4K
Cap Rate 9%
$209,567
$209.6K
Market Conditions
NOI Build-Up for 1,260 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
$36.3K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.3K $27.22/SF
− OpEx
−$15.4K −$12.25/SF
NOI
$18.9K $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 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%
$377,220
Cap Rate 7%
$269,443
Cap Rate 9%
$209,567
Alternative Uses
Best Use
Apartment 5plus
$269.4K
$235.8K – $314.4K
NOI $18,861 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.28M
$4.62M – $6.16M
NOI $369,712 @ 7.0% cap · market cap 62.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,995
Businesses Nearby
Explore this area
Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, replacement windows, two assigned garage spaces, and oversized storage support low-maintenance occupancy.
Where is this residential income property located?
The property is located at 10328 SAGER AVENUE Unit 403 Fairfax, 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: 1,260‑square‑foot top‑floor condominium in a 2003 building; Updated kitchen with white cabinetry; Replacement windows installed five years ago
