Top-Floor Residential Income
For Sale
$529,950
11565 CAVALIER LANDING COURT Unit 401, Fairfax, VA 22030
Two-level condominium with elevator access, reserved garage parking, and three full bedrooms and bathrooms.
Property Size1,382 SF
Price / SF$383.47
Days on Market19
Property Features for 11565 CAVALIER LANDING COURT Unit 401
General Information
Standard status
Active
Size
1,382 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,687
Amenities
balcony
gas fireplace
washer/dryer
Building Details
Building Size
1,382 SF
Year Built
2002
Buildings
1
Listing Agency:
Metro House
(703) 854-9485
Listed By:
Lizzie A Helmig · License #0225199685
(703) 854-9485
Source:
Kerishull
Added: Aug 14
Changed: Aug 31
Last Checked: Aug 30 at 11:47PM
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 Metro House
Investment Insights
Based on property information with market context.
This 1,382-square-foot condominium occupies the top floor of a 2002-built elevator building and spans two levels. The interior includes three bedrooms, three full bathrooms, sloped ceilings, a gas fireplace, and a balcony accessed from the main living area. An open kitchen features stainless steel appliances, with the refrigerator replaced in 2023 and the dishwasher in 2022. The primary suite includes a walk-in closet and private full bathroom.
The unit includes a designated garage parking space and access to the building elevator. HVAC was installed in 2018 and serviced in March 2026, while the water heater dates to 2022. A washer and dryer were installed in 2017. The property is located near major commuter routes, shopping, dining, and GMU.
The unit includes a designated garage parking space and access to the building elevator. HVAC was installed in 2018 and serviced in March 2026, while the water heater dates to 2022. A washer and dryer were installed in 2017. The property is located near major commuter routes, shopping, dining, and GMU.
Key Highlights
- 1,382‑square‑foot, two‑level top‑floor condominium
- Three bedrooms and three full bathrooms
- Elevator building with reserved garage parking space
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
$20,687
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
3.90%
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%
$413,740
$413.7K
Cap Rate 7%
$295,529
$295.5K
Cap Rate 9%
$229,856
$229.9K
Market Conditions
NOI Build-Up for 1,382 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
$39.8K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.6K $27.22/SF
− OpEx
−$16.9K −$12.25/SF
NOI
$20.7K $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 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%
$413,740
Cap Rate 7%
$295,529
Cap Rate 9%
$229,856
Alternative Uses
Best Use
Apartment 5plus
$295.5K
$258.6K – $344.8K
NOI $20,687 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.79M
$5.07M – $6.76M
NOI $405,510 @ 7.0% cap · market cap 76.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,294
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium with elevator access, reserved garage parking, and three full bedrooms and bathrooms.
Where is this residential income property located?
The property is located at 11565 CAVALIER LANDING COURT Unit 401 Fairfax, VA.
What is the asking price?
The asking price for this property is $529,950.
What are key features of this property?
This property features: 1,382‑square‑foot, two‑level top‑floor condominium; Three bedrooms and three full bathrooms; Elevator building with reserved garage parking space
