Residential Income Property with
For Sale
$370,000
1100 QUAKER HILL DRIVE Unit 307, Alexandria, VA 22314
Two-bedroom condominium with dual en-suite baths, indoor laundry, and access to a community pool and pond.
Property Size1,077 SF
Days on Market8
Property Features for 1100 QUAKER HILL DRIVE Unit 307
General Information
Standard status
Active
Size
1,077 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,258
Building Details
Building Size
1,077 SF
Year Built
1991
Listing Agency:
Compass
(571) 867-0007
Listed By:
Javed B. Farooqi · License #0225231643
(571) 867-0007
Source:
Dcmetrorealtyteam
Added: Aug 19
Changed: Aug 24
Last Checked: Aug 25 at 11:28AM
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
Investment Insights
Based on property information with market context.
This 1991-built condominium offers 2 bedrooms and 2 bathrooms in a layout designed for privacy, with each bedroom paired with its own en-suite bath and placed on opposite sides of the residence. The interior includes an open living and dining arrangement, updated flooring, fresh paint, a gas fireplace, and a covered private balcony. The kitchen is equipped with granite countertops, a decorative backsplash, stainless steel appliances, a breakfast bar, and substantial cabinet storage. A washer and dryer are located within the unit, while the primary suite adds a walk-in closet and a bathroom with a shower/tub combination.
Quaker Hill provides an outdoor pool and pond. The property is within minutes of Old Town Alexandria, King Street Metro, and I-495. Alexandria Commons Mall is across the street, with grocery, dining, and medical and dental services nearby.
Quaker Hill provides an outdoor pool and pond. The property is within minutes of Old Town Alexandria, King Street Metro, and I-495. Alexandria Commons Mall is across the street, with grocery, dining, and medical and dental services nearby.
Key Highlights
- 2‑bedroom, 2‑bathroom condominium
- Covered private balcony and gas fireplace
- Kitchen with granite countertops, stainless steel appliances, breakfast bar, and backsplash
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
$16,510
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
4.46%
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%
$330,200
$330.2K
Cap Rate 7%
$235,857
$235.9K
Cap Rate 9%
$183,444
$183.4K
Market Conditions
NOI Build-Up for 1,077 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
$31.7K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$30.0K $27.87/SF
− OpEx
−$13.5K −$12.54/SF
NOI
$16.5K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /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%
$330,200
Cap Rate 7%
$235,857
Cap Rate 9%
$183,444
Alternative Uses
Best Use
Apartment 5plus
$235.9K
$206.4K – $275.2K
NOI $16,510 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$598.2K
$523.4K – $697.9K
NOI $41,874 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Explore this area
Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with dual en-suite baths, indoor laundry, and access to a community pool and pond.
Where is this residential income property located?
The property is located at 1100 QUAKER HILL DRIVE Unit 307 Alexandria, VA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom condominium; Covered private balcony and gas fireplace; Kitchen with granite countertops, stainless steel appliances, breakfast bar, and backsplash
