Residential Income Condo with
For Sale
$284,900
12236 LADYMEADE COURT Unit 201, Woodbridge, VA 22192
The one-level floor plan pairs an open living area with updated systems and appliances.
Property Size976 SF
Price / SF$291.91
Days on Market70
Property Features for 12236 LADYMEADE COURT Unit 201
General Information
Standard status
Active
Size
976 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,863
Building Details
Building Size
976 SF
Year Built
1993
Listing Agency:
Samson Properties
Listed By:
Chanel C. Harper · License #0225062076
(703) 608-2708
Source:
Irvinrealtyllc
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 27 at 4:04AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 976-square-foot, one-level condo has two bedrooms, two full bathrooms, an open floor plan, and a private balcony. Interior finishes include hardwood flooring and granite countertops, with coordinating granite-topped bathroom vanities. The windows are newer, and the HVAC system, water heater, and appliances were updated approximately 3–5 years ago. The building dates to 1993.
Lake Ridge Marina, a golf course, parks, and trails are among the nearby recreational destinations. Shops and stores are within walking distance, while I-95, Prince William Parkway, and Potomac Mills are accessible from the property.
Lake Ridge Marina, a golf course, parks, and trails are among the nearby recreational destinations. Shops and stores are within walking distance, while I-95, Prince William Parkway, and Potomac Mills are accessible from the property.
Key Highlights
- Two‑bedroom, two‑full‑bath condo with 976 square feet
- Private balcony and open floor plan
- Hardwood flooring and granite kitchen countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,122
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,440
$262.4K
Cap Rate 7%
$187,457
$187.5K
Cap Rate 9%
$145,800
$145.8K
Market Conditions
NOI Build-Up for 976 SF
Gross rent
$24.6K $25.20/SF
− Vacancy
−$738 −$0.76/SF
EGI
$23.9K $24.44/SF
− OpEx
−$10.7K −$11.00/SF
NOI
$13.1K $13.44/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,440
Cap Rate 7%
$187,457
Cap Rate 9%
$145,800
Alternative Uses
Best Use
Apartment 5plus
$187.5K
$164.0K – $218.7K
NOI $13,122 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$286.6K
$250.8K – $334.4K
NOI $20,064 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 22192, VA
60,299
Population
21,290
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
19.2 sq mi
ZIP Area
3,141
Density / Sq Mi
$122,005
Median Household Income
$60,918
Median Earnings
$2,012
Median Rent
$465,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-level floor plan pairs an open living area with updated systems and appliances.
Where is this residential income property located?
The property is located at 12236 LADYMEADE COURT Unit 201 Woodbridge, VA.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath condo with 976 square feet; Private balcony and open floor plan; Hardwood flooring and granite kitchen countertops
