Corner-Unit Residential Income
New
For Sale
$765,000
12025 NEW DOMINION PARKWAY Unit 313, Reston, VA 20190
Two-bedroom condominium with abundant windows, updated flooring, underground parking, and access to building amenities.
Property Size1,421 SF
Days on Market5
Property Features for 12025 NEW DOMINION PARKWAY Unit 313
General Information
Standard status
Active
Size
1,421 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,604
Amenities
fitness center
concierge
game room
in-unit washer/dryer
gas range
stainless appliances
Building Details
Building Size
1,421 SF
Year Built
2007
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Jennifer Toole Jo · License #0225228712
(703) 489-0935
Source:
Barnesrealestatecompany
Added: Sep 7
Changed: Sep 10
Last Checked: Sep 10 at 3:05PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
Unit 313 is a corner condominium residence in a 2007 building, with a curved entry hall, high ceilings, and extensive window exposure. Newly installed LVP flooring spans the primary living areas, while the kitchen includes a gas range, stainless appliances, and an island. The layout provides a primary suite with a walk-in closet and ensuite bath, plus a separate second bedroom suited to guest or office use. An in-unit washer and dryer and two secure underground parking spaces add practical convenience.
The property is positioned in Midtown North near Reston Town Center’s restaurants, retail, entertainment, and Silver Line metro service. Building amenities include a fitness center, concierge, and game room. The residence also presents an opportunity to assume a VA loan at 2.25%, subject to eligibility and lender terms.
The property is positioned in Midtown North near Reston Town Center’s restaurants, retail, entertainment, and Silver Line metro service. Building amenities include a fitness center, concierge, and game room. The residence also presents an opportunity to assume a VA loan at 2.25%, subject to eligibility and lender terms.
Key Highlights
- Corner condominium residence with abundant natural light from extensive window exposure
- Two‑bedroom layout with separated secondary bedroom, walk‑in closet, and ensuite primary bath
- Kitchen includes gas range, stainless appliances, and center island
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
$22,162
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
2.90%
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%
$443,240
$443.2K
Cap Rate 7%
$316,600
$316.6K
Cap Rate 9%
$246,244
$246.2K
Market Conditions
NOI Build-Up for 1,421 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
$43.1K $30.36/SF
− Vacancy
−$2.8K −$2.00/SF
EGI
$40.3K $28.36/SF
− OpEx
−$18.1K −$12.76/SF
NOI
$22.2K $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%
$443,240
Cap Rate 7%
$316,600
Cap Rate 9%
$246,244
Alternative Uses
Best Use
Apartment 5plus
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$445.3K
$389.7K – $519.6K
NOI $31,173 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 abundant windows, updated flooring, underground parking, and access to building amenities.
Where is this residential income property located?
The property is located at 12025 NEW DOMINION PARKWAY Unit 313 Reston, VA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Corner condominium residence with abundant natural light from extensive window exposure; Two‑bedroom layout with separated secondary bedroom, walk‑in closet, and ensuite primary bath; Kitchen includes gas range, stainless appliances, and center island
