Tenant-Occupied 1031 Exchange
10403 Main St, Fairfax, VA 22030
For Sale
$1,250,000
The street-level condominium is occupied by an Italian restaurant with seating for 60.
Property Size1,200 SF
Price / SF$1,041
Days on Market52
Property Features for 10403 Main St
General Information
Standard status
Size
Additional Details
Floor
Seating Capacity
Taxes and HOA fees
Annual Taxes
Listing Agency:
EXP Realty, LLC
(833) 335-7433
Listed By:
Christopher Craddock · License VA #0225207192
(703) 868-3118
Source:
Exprealty
Added: Sep 23
Changed: Oct 26
Last Checked: Nov 12 at 9:46AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1910-built commercial condominium is at street level and is occupied by an Italian cuisine restaurant. The dining operation has seating for 60, and the property is offered for sale as part of a 1031 tax-deferred exchange. HVAC replacement is specified for 2026.
The property is located at 10403 Main Street in Fairfax, Virginia. Showings are by appointment with 24-hour notice, and the listing agent must accompany visitors.
The property is located at 10403 Main Street in Fairfax, Virginia. Showings are by appointment with 24-hour notice, and the listing agent must accompany visitors.
Key Highlights
- Street‑level commercial condominium at 10403 Main Street, Fairfax, VA 22030
- Occupied by an Italian cuisine restaurant
- Restaurant seating for 60
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,656
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,120
$933.1K
Cap Rate 7%
$666,514
$666.5K
Cap Rate 9%
$518,400
$518.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$64.8K $54.00/SF
− Vacancy
−$2.6K −$2.16/SF
EGI
$62.2K $51.84/SF
− OpEx
−$15.6K −$12.96/SF
NOI
$46.7K $38.88/SF
Area
Fairfax County, VA
Vacancy
4.00%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,120
Cap Rate 7%
$666,514
Cap Rate 9%
$518,400
Alternative Uses
Best Use
Specialty Retail
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,210
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
1031 exchange property - The street-level condominium is occupied by an Italian restaurant with seating for 60.
Where is this 1031 exchange property located?
The property is located at 10403 Main St Fairfax, VA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Street‑level commercial condominium at 10403 Main Street, Fairfax, VA 22030; Occupied by an Italian cuisine restaurant; Restaurant seating for 60
