Corner Residential Income
For Sale
$564,000
10755 FAIRGROUNDS DRIVE Unit 101, Fairfax, VA 22030
Main-level corner residence with updated finishes, in-unit laundry, secure parking, and access to shared amenities.
Property Size1,139 SF
Price / SF$495.17
Days on Market269
Property Features for 10755 FAIRGROUNDS DRIVE Unit 101
General Information
Standard status
Active
Size
1,139 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,823
Amenities
pool
grill area
party room
fitness center
storage units
Level 2 EV charging
Building Details
Building Size
1,139 SF
Year Built
2022
Listing Agency:
RE/MAX Distinctive Real Estate, Inc.
Listed By:
Kimberly A Kaufhold · License #0225085666
(703) 850-4890
Source:
Kerishull
Added: Jan 21
Changed: Oct 5
Last Checked: Oct 16 at 6:31PM
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 RE/MAX Distinctive Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 2022-built residential income property is a main-level corner unit with two bedrooms and two full bathrooms. Floor-to-ceiling windows bring natural light into the living and dining areas, while the kitchen includes stainless steel appliances, an island, and quartz countertops. The primary suite offers a walk-in closet and a bathroom with dual vanities. A full-sized washer and dryer are located within the unit.
Property amenities include a pool, grill area, party room, and fitness center. The unit includes one secure parking spot equipped with Level 2 EV charging, along with three additional storage units. Cafes, shops, and public transit are located steps from the property at 10755 Fairgrounds Drive, Unit 101, Fairfax, Virginia 22030.
Property amenities include a pool, grill area, party room, and fitness center. The unit includes one secure parking spot equipped with Level 2 EV charging, along with three additional storage units. Cafes, shops, and public transit are located steps from the property at 10755 Fairgrounds Drive, Unit 101, Fairfax, Virginia 22030.
Key Highlights
- 2‑bedroom, 2‑bathroom main‑level corner unit
- Built in 2022
- Floor‑to‑ceiling windows and quartz kitchen countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,049
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,980
$341.0K
Cap Rate 7%
$243,557
$243.6K
Cap Rate 9%
$189,433
$189.4K
Market Conditions
NOI Build-Up for 1,139 SF
Gross rent
$32.8K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$31.0K $27.22/SF
− OpEx
−$13.9K −$12.25/SF
NOI
$17.0K $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 Rate 5%
$340,980
Cap Rate 7%
$243,557
Cap Rate 9%
$189,433
Alternative Uses
Best Use
Apartment 5plus
$243.6K
$213.1K – $284.2K
NOI $17,049 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.77M
$4.18M – $5.57M
NOI $334,208 @ 7.0% cap · market cap 59.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
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 - Main-level corner residence with updated finishes, in-unit laundry, secure parking, and access to shared amenities.
Where is this residential income property located?
The property is located at 10755 FAIRGROUNDS DRIVE Unit 101 Fairfax, VA.
What is the asking price?
The asking price for this property is $564,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom main‑level corner unit; Built in 2022; Floor‑to‑ceiling windows and quartz kitchen countertops
