Penthouse Condominium with Garage
For Sale
$589,900
10755 FAIRGROUNDS DRIVE Unit 418, Fairfax, VA 22030
Single-level residence includes two assigned garage spaces and a private storage locker.
Property Size1,198 SF
Price / SF$492.40
Days on Market9
Property Features for 10755 FAIRGROUNDS DRIVE Unit 418
General Information
Standard status
Active
Size
1,198 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,148
Amenities
private storage locker
outdoor pool
landscaped courtyard
shuffleboard
fire pits
fitness center
secure bike room
club room
Building Details
Building Size
1,198 SF
Year Built
2022
Listing Agency:
Carter Braxton Preferred Properties
Listed By:
Aaron Benjamin Huntington · License #0225239711
(571) 228-8647
Source:
Barnesrealestatecompany
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 30 at 11:10PM
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 Carter Braxton Preferred Properties
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Investment Insights
Based on property information with market context.
Completed in 2022, this 1,198-square-foot, fourth-floor condominium offers single-level living with elevator access. Interior features include wide-plank flooring and a kitchen with Calacatta quartz counters, a full-slab backsplash, shaker cabinetry, stainless steel appliances and a prep island. The primary bedroom has a walk-in closet and a dual-vanity bathroom with a frameless walk-in shower. A private storage locker and two assigned garage parking spaces are included.
Residents have access to an outdoor pool, landscaped courtyard with shuffleboard and fire pits, fitness center, secure bike room and club room. The property is minutes from I-66 and Route 50, with shopping and dining options nearby.
Residents have access to an outdoor pool, landscaped courtyard with shuffleboard and fire pits, fitness center, secure bike room and club room. The property is minutes from I-66 and Route 50, with shopping and dining options nearby.
Key Highlights
- 1,198 square feet of fourth‑floor, single‑level living with elevator access
- Built in 2022
- Two assigned garage parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,933
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,660
$358.7K
Cap Rate 7%
$256,186
$256.2K
Cap Rate 9%
$199,256
$199.3K
Market Conditions
NOI Build-Up for 1,198 SF
Gross rent
$34.5K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.6K $27.22/SF
− OpEx
−$14.7K −$12.25/SF
NOI
$17.9K $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 Rate 5%
$358,660
Cap Rate 7%
$256,186
Cap Rate 9%
$199,256
Alternative Uses
Best Use
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,933 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.02M
$4.39M – $5.86M
NOI $351,520 @ 7.0% cap · market cap 59.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
60
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 - Single-level residence includes two assigned garage spaces and a private storage locker.
Where is this residential income property located?
The property is located at 10755 FAIRGROUNDS DRIVE Unit 418 Fairfax, VA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: 1,198 square feet of fourth‑floor, single‑level living with elevator access; Built in 2022; Two assigned garage parking spaces
