Residential Income Property with
For Sale
$250,000
10725 W WEST DRIVE Unit 203, Fairfax, VA 22030
A flexible bonus area and courtyard-facing balcony complement the two-bedroom, one-bath layout.
Property Size1,056 SF
Price / SF$236.74
Days on Market84
Property Features for 10725 W WEST DRIVE Unit 203
General Information
Standard status
Active
Size
1,056 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,609
Amenities
private balcony
Building Details
Building Size
1,056 SF
Year Built
1964
Listing Agency:
Compass
Listed By:
Horse Farms & Country Homes
(703) 966-9480
Source:
Horsefarmsandcountryhomes
Added: Aug 5
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1964-built condo offers 1,056 square feet with two bedrooms and one full bathroom. The living and dining areas share an open layout, and the kitchen has cabinetry and meal-preparation workspace. A separate flex area can accommodate a range of household needs. The private balcony faces the courtyard.
The property is near Fair Oaks Mall, Fairfax Corner, Mosaic District, and Historic Downtown Fairfax. A free George Mason University shuttle stop is a three-minute walk away. Regional routes include I-66, Route 50, Route 29, and Route 123; the Vienna/Fairfax-GMU Metro Station is also accessible from the area.
The property is near Fair Oaks Mall, Fairfax Corner, Mosaic District, and Historic Downtown Fairfax. A free George Mason University shuttle stop is a three-minute walk away. Regional routes include I-66, Route 50, Route 29, and Route 123; the Vienna/Fairfax-GMU Metro Station is also accessible from the area.
Key Highlights
- Two bedrooms and one full bathroom in 1,056 square feet
- Separate flex area alongside the living and dining spaces
- Private balcony overlooking the courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,807
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,140
$316.1K
Cap Rate 7%
$225,814
$225.8K
Cap Rate 9%
$175,633
$175.6K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$30.4K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$28.7K $27.22/SF
− OpEx
−$12.9K −$12.25/SF
NOI
$15.8K $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 Rate 5%
$316,140
Cap Rate 7%
$225,814
Cap Rate 9%
$175,633
Alternative Uses
Best Use
Apartment 5plus
$225.8K
$197.6K – $263.5K
NOI $15,807 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.43M
$3.87M – $5.16M
NOI $309,854 @ 7.0% cap · market cap 123.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,915
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A flexible bonus area and courtyard-facing balcony complement the two-bedroom, one-bath layout.
Where is this residential income property located?
The property is located at 10725 W WEST DRIVE Unit 203 Fairfax, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two bedrooms and one full bathroom in 1,056 square feet; Separate flex area alongside the living and dining spaces; Private balcony overlooking the courtyard
