Residential Income Property with
For Sale
$549,900
12025 NEW DOMINION PARKWAY Unit 304, Reston, VA 20190
Two-bedroom condominium residence with concierge service, upgraded finishes, and access to shared fitness and entertainment amenities.
Property Size1,310 SF
Price / SF$419.77
Days on Market11
Property Features for 12025 NEW DOMINION PARKWAY Unit 304
General Information
Standard status
Active
Size
1,310 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,494
Amenities
concierge
fitness center
art studio
entertainment area
kitchen
rooftop terrace
Building Details
Building Size
1,310 SF
Year Built
2007
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 408-2626
Listed By:
Dale C Repshas · License #0225070482
(703) 408-2626
Source:
Kerishull
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 2:52PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 1,310-square-foot residential income property is a two-bedroom condominium residence built in 2007. The loft-style interior features an open layout, 11-foot ceilings, floor-to-ceiling windows, a separate dining room, large living and family areas, and a balcony. Interior finishes include quartz countertops, a breakfast bar, gas cooking, Italian cabinetry, tiled backsplash, upgraded lighting, and stainless steel GE Profile appliances. The primary suite includes a walk-in closet and an updated full bathroom with a soaking tub and separate shower.
Building amenities include concierge service, a fitness center, art studio, entertainment area with kitchen, and a rooftop terrace with a grill. The property is located at 12025 New Dominion Parkway in Reston, Virginia, near Reston Town Center, with the Silver Line outside the building and access to the W&OD Trail. Dulles Airport is also nearby.
Building amenities include concierge service, a fitness center, art studio, entertainment area with kitchen, and a rooftop terrace with a grill. The property is located at 12025 New Dominion Parkway in Reston, Virginia, near Reston Town Center, with the Silver Line outside the building and access to the W&OD Trail. Dulles Airport is also nearby.
Key Highlights
- 1,310 SF two‑bedroom condominium residence
- 11‑foot ceilings with floor‑to‑ceiling windows
- Balcony plus rooftop terrace with grill
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
$20,431
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
3.72%
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%
$408,620
$408.6K
Cap Rate 7%
$291,871
$291.9K
Cap Rate 9%
$227,011
$227.0K
Market Conditions
NOI Build-Up for 1,310 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 $30.36/SF
− Vacancy
−$2.6K −$2.00/SF
EGI
$37.1K $28.36/SF
− OpEx
−$16.7K −$12.76/SF
NOI
$20.4K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /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%
$408,620
Cap Rate 7%
$291,871
Cap Rate 9%
$227,011
Alternative Uses
Best Use
Apartment 5plus
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$410.5K
$359.2K – $479.0K
NOI $28,738 @ 7.0% cap · market cap 5.23%
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
4,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium residence with concierge service, upgraded finishes, and access to shared fitness and entertainment amenities.
Where is this residential income property located?
The property is located at 12025 NEW DOMINION PARKWAY Unit 304 Reston, VA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1,310 SF two‑bedroom condominium residence; 11‑foot ceilings with floor‑to‑ceiling windows; Balcony plus rooftop terrace with grill
