Two-Level Residential Income
For Sale
$724,900
10401 WHITE GRANITE DRIVE Unit 11, Oakton, VA 22124
Bottom condominium residence with three bedrooms, walk-in closets, and direct access to the rear garage.
Property Size1,870 SF
Days on Market72
Property Features for 10401 WHITE GRANITE DRIVE Unit 11
General Information
Standard status
Active
Size
1,870 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$33,709
Building Details
Building Size
1,870 SF
Year Built
2026
Listing Agency:
Samson Properties
Listed By:
William Samson · License #0225229022
(703) 380-0255
Source:
Barnesrealestatecompany
Added: Jun 23
Changed: Aug 31
Last Checked: Sep 2 at 1:00AM
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 lower condominium residence is arranged across two levels with an open kitchen and living area on the entry floor. Direct access to the rear garage adds everyday convenience. The upper level contains a primary suite with spa-style bath, two additional bedrooms with walk-in closets, a hall bathroom, and a separate laundry room.
The Avery residence is part of Magnolia Oaks, a condominium community in Oakton, Virginia. The property is identified as Unit 16 at 10401 White Granite Drive. Construction is scheduled for 2026, with Phase I described as ready for move-in in Fall 2026. The community is positioned near Oakton, Vienna, and Fairfax.
The Avery residence is part of Magnolia Oaks, a condominium community in Oakton, Virginia. The property is identified as Unit 16 at 10401 White Granite Drive. Construction is scheduled for 2026, with Phase I described as ready for move-in in Fall 2026. The community is positioned near Oakton, Vienna, and Fairfax.
Key Highlights
- Two‑level lower condominium residence with open kitchen and living areas
- Three bedrooms, including a primary suite with spa bath
- Two additional bedrooms feature walk‑in closets
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
$27,992
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
3.86%
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%
$559,840
$559.8K
Cap Rate 7%
$399,886
$399.9K
Cap Rate 9%
$311,022
$311.0K
Market Conditions
NOI Build-Up for 1,870 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
$53.9K $28.80/SF
− Vacancy
−$3.0K −$1.58/SF
EGI
$50.9K $27.22/SF
− OpEx
−$22.9K −$12.25/SF
NOI
$28.0K $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%
$559,840
Cap Rate 7%
$399,886
Cap Rate 9%
$311,022
Alternative Uses
Best Use
Apartment 5plus
$399.9K
$349.9K – $466.5K
NOI $27,992 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.84M
$6.86M – $9.15M
NOI $548,700 @ 7.0% cap · market cap 75.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
558
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bottom condominium residence with three bedrooms, walk-in closets, and direct access to the rear garage.
Where is this residential income property located?
The property is located at 10401 WHITE GRANITE DRIVE Unit 11 Oakton, VA.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Two‑level lower condominium residence with open kitchen and living areas; Three bedrooms, including a primary suite with spa bath; Two additional bedrooms feature walk‑in closets
