Residential Income Condo with Rooftop
For Sale
$430,000
12025 NEW DOMINION PARKWAY #505, Reston, VA 20190
Updated condo features a modern kitchen, private storage, dedicated parking, and access to full-service building amenities.
Property Size1,000 SF
Days on Market190
Property Features for 12025 NEW DOMINION PARKWAY #505
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
rooftop patio
fitness room
concierge
lobby lounge
Central A/C
Forced Air
Dishwasher
Disposal
Icemaker
Refrigerator
Washer/Dryer Stacked
Built-In Microwave
Oven/Range - Gas
Stainless Steel Appliances
Deck
Building Details
Building Size
1,000 SF
Year Built
2007
Listed By:
Melinda Schnur · License #0225072468
(571) 437-8039
Source:
Kw
Added: Feb 25
Changed: Sep 2
Last Checked: Sep 3 at 4:58AM
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 Melinda Schnur
Investment Insights
Based on property information with market context.
This condominium offers a spacious interior with high ceilings and courtyard-facing views. The kitchen includes stone countertops, a decorative backsplash, stainless steel appliances, a gas range, dishwasher, disposal, icemaker, refrigerator, and built-in microwave. The residence also includes central A/C, forced air, stacked washer and dryer, a walk-in closet with built-in organization, and an oversized bathroom. A dedicated hall closet, private storage unit, deck, and assigned parking add practical convenience.
Built in 2007, the building provides a rooftop patio, fitness room, concierge service, and lobby lounge. The property is located at Reston Town Center, with dining, shopping, and nightlife nearby. Metro access is immediately outside the building, providing connectivity to Washington, D.C.
Built in 2007, the building provides a rooftop patio, fitness room, concierge service, and lobby lounge. The property is located at Reston Town Center, with dining, shopping, and nightlife nearby. Metro access is immediately outside the building, providing connectivity to Washington, D.C.
Key Highlights
- Courtyard‑facing condominium with high ceilings and a spacious interior
- Kitchen with stone counters, backsplash, gas range, and stainless steel appliances
- Walk‑in closet with built‑in organization plus private storage unit
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
$15,596
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
3.63%
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%
$311,920
$311.9K
Cap Rate 7%
$222,800
$222.8K
Cap Rate 9%
$173,289
$173.3K
Market Conditions
NOI Build-Up for 1,000 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
$30.4K $30.36/SF
− Vacancy
−$2.0K −$2.00/SF
EGI
$28.4K $28.36/SF
− OpEx
−$12.8K −$12.76/SF
NOI
$15.6K $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%
$311,920
Cap Rate 7%
$222,800
Cap Rate 9%
$173,289
Alternative Uses
Best Use
Apartment 5plus
$222.8K
$195.0K – $259.9K
NOI $15,596 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$313.4K
$274.2K – $365.6K
NOI $21,938 @ 7.0% cap · market cap 5.10%
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 - Updated condo features a modern kitchen, private storage, dedicated parking, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 12025 NEW DOMINION PARKWAY #505 Reston, VA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Courtyard‑facing condominium with high ceilings and a spacious interior; Kitchen with stone counters, backsplash, gas range, and stainless steel appliances; Walk‑in closet with built‑in organization plus private storage unit
