Residential Income
For Sale
$387,500
12110 GREEN LEDGE COURT Unit 3, Fairfax, VA 22033
Three bedrooms and two full bathrooms are complemented by shared recreation and outdoor amenities in the Penderbrook community.
Property Size1,064 SF
Price / SF$364.19
Days on Market12
Property Features for 12110 GREEN LEDGE COURT Unit 3
General Information
Standard status
Active
Size
1,064 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,339
Amenities
outdoor swimming pools
fitness center
tennis courts
basketball courts
clubhouse
playgrounds
scenic walking paths
Building Details
Building Size
1,064 SF
Year Built
1987
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group
(202) 410-0672
Source:
Canopy-re
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 11:43AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This three-bedroom condominium in The Heights at Penderbrook includes two full bathrooms. The property was built in 1987 and is part of a community organized around an 18-hole golf course, with outdoor pools, a fitness center, tennis and basketball courts, a clubhouse, playgrounds, and walking paths.
Shopping and dining destinations named nearby include Fair Oaks Mall, Fairfax Corner, Fairfax Towne Center, and Fair Lakes. Regional road connections include I-66, Route 50, Fairfax County Parkway, and West Ox Road; public transportation connections to Metro are also noted.
Shopping and dining destinations named nearby include Fair Oaks Mall, Fairfax Corner, Fairfax Towne Center, and Fair Lakes. Regional road connections include I-66, Route 50, Fairfax County Parkway, and West Ox Road; public transportation connections to Metro are also noted.
Key Highlights
- Three bedrooms and two full bathrooms
- Penderbrook community includes an 18‑hole golf course
- Community amenities include outdoor pools, fitness center, tennis and basketball courts, clubhouse, playgrounds, and walking paths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,927
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,540
$318.5K
Cap Rate 7%
$227,529
$227.5K
Cap Rate 9%
$176,967
$177.0K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$30.6K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$29.0K $27.22/SF
− OpEx
−$13.0K −$12.25/SF
NOI
$15.9K $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%
$318,540
Cap Rate 7%
$227,529
Cap Rate 9%
$176,967
Alternative Uses
Best Use
Apartment 5plus
$227.5K
$199.1K – $265.5K
NOI $15,927 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.46M
$3.90M – $5.20M
NOI $312,202 @ 7.0% cap · market cap 80.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 22033, VA
40,692
Population
16,057
Households
2.5
Avg Household Size
37
Median Age
67%
College-Educated
95%
High-School Grad
7.8 sq mi
ZIP Area
5,217
Density / Sq Mi
$134,532
Median Household Income
$75,231
Median Earnings
$2,253
Median Rent
$621,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Three bedrooms and two full bathrooms are complemented by shared recreation and outdoor amenities in the Penderbrook community.
Where is this residential income property located?
The property is located at 12110 GREEN LEDGE COURT Unit 3 Fairfax, VA.
What is the asking price?
The asking price for this property is $387,500.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms; Penderbrook community includes an 18‑hole golf course; Community amenities include outdoor pools, fitness center, tennis and basketball courts, clubhouse, playgrounds, and walking paths
