Residential Income Property with Dual
New
For Sale
$579,000
11575 CAVALIER LANDING COURT Unit 402, Fairfax, VA 22030
A two-level residence combines vaulted ceilings, a private garage, and access to shared neighborhood amenities.
Property Size1,670 SF
Price / SF$346.71
Days on Market5
Property Features for 11575 CAVALIER LANDING COURT Unit 402
General Information
Standard status
Active
Size
1,670 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,504
Amenities
pool
clubhouse
tot lots
walking trails
gas fireplaces
Building Details
Building Size
1,670 SF
Year Built
2002
Listing Agency:
RE/MAX Real Estate Connections
Listed By:
Joseph M Grzesiak · License #0225093691
(703) 209-4425
Source:
Kerishull
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 2:32PM
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 Real Estate Connections
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Investment Insights
Based on property information with market context.
This 1,670-square-foot residence, built in 2002, features vaulted ceilings and two gas fireplaces. The second level includes a guest suite that can also serve as an office. A private one-car garage and driveway provide on-site vehicle parking.
Community amenities include a pool, clubhouse, tot lots, and walking trails. Fairfax Corner shopping and dining are within walking distance.
Community amenities include a pool, clubhouse, tot lots, and walking trails. Fairfax Corner shopping and dining are within walking distance.
Key Highlights
- 1,670‑square‑foot residence built in 2002
- Two gas fireplaces and vaulted ceilings
- Second‑level guest suite or office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,998
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,960
$500.0K
Cap Rate 7%
$357,114
$357.1K
Cap Rate 9%
$277,756
$277.8K
Market Conditions
NOI Build-Up for 1,670 SF
Gross rent
$48.1K $28.80/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$45.5K $27.22/SF
− OpEx
−$20.5K −$12.25/SF
NOI
$25.0K $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%
$499,960
Cap Rate 7%
$357,114
Cap Rate 9%
$277,756
Alternative Uses
Best Use
Apartment 5plus
$357.1K
$312.5K – $416.6K
NOI $24,998 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.00M
$6.13M – $8.17M
NOI $490,016 @ 7.0% cap · market cap 84.63%
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
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-level residence combines vaulted ceilings, a private garage, and access to shared neighborhood amenities.
Where is this residential income property located?
The property is located at 11575 CAVALIER LANDING COURT Unit 402 Fairfax, VA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 1,670‑square‑foot residence built in 2002; Two gas fireplaces and vaulted ceilings; Second‑level guest suite or office
