Updated Residential Income
For Sale
$485,000
10359 SAGER AVENUE Unit 302, Fairfax, VA 22030
Two-bedroom condo with refreshed interiors, generous storage, and convenient access to shopping, dining, major routes, and George Mason University.
Property Size1,245 SF
Price / SF$389.56
Days on Market14
Property Features for 10359 SAGER AVENUE Unit 302
General Information
Standard status
Active
Size
1,245 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,550
Building Details
Building Size
1,245 SF
Year Built
1995
Listing Agency:
Samson Properties
Listed By:
Stephanie L Brock · License #0225182878
(703) 801-7561
Source:
Kerishull
Added: Aug 20
Changed: Sep 2
Last Checked: Sep 1 at 11:02PM
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 1,245-square-foot condominium is configured with two bedrooms, including walk-in closets, and a primary bath with a double vanity, separate shower, and soaking tub. Improvements include an updated kitchen with stainless steel appliances, refreshed bathrooms, new flooring, new HVAC, and fresh paint. Floor-to-ceiling windows bring natural light throughout the residence, while crown molding, tray ceilings, wainscoting, and detailed trim provide distinctive interior character. A separate laundry room includes additional storage.
The property is within The Crossings community in Fairfax City, with shopping, restaurants, and community activities nearby. George Mason University is within walking distance, and Routes 123, 50, and 236, along with I-66, are moments away. The condominium was built in 1995.
The property is within The Crossings community in Fairfax City, with shopping, restaurants, and community activities nearby. George Mason University is within walking distance, and Routes 123, 50, and 236, along with I-66, are moments away. The condominium was built in 1995.
Key Highlights
- 1,245‑square‑foot condominium with two bedrooms
- Updated kitchen with stainless steel appliances
- New HVAC, flooring, and fresh paint
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
$18,636
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
3.84%
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%
$372,720
$372.7K
Cap Rate 7%
$266,229
$266.2K
Cap Rate 9%
$207,067
$207.1K
Market Conditions
NOI Build-Up for 1,245 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
$35.9K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$33.9K $27.22/SF
− OpEx
−$15.2K −$12.25/SF
NOI
$18.6K $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%
$372,720
Cap Rate 7%
$266,229
Cap Rate 9%
$207,067
Alternative Uses
Best Use
Apartment 5plus
$266.2K
$233.0K – $310.6K
NOI $18,636 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.22M
$4.57M – $6.09M
NOI $365,311 @ 7.0% cap · market cap 75.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,224
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with refreshed interiors, generous storage, and convenient access to shopping, dining, major routes, and George Mason University.
Where is this residential income property located?
The property is located at 10359 SAGER AVENUE Unit 302 Fairfax, VA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1,245‑square‑foot condominium with two bedrooms; Updated kitchen with stainless steel appliances; New HVAC, flooring, and fresh paint
