Residential Income Property with
For Sale
$325,000
12779 FAIR CREST COURT Unit 101, Fairfax, VA 22033
The den, private patio and refreshed finishes add useful flexibility to this one-bedroom condominium.
Property Size1,180 SF
Price / SF$275.42
Days on Market13
Property Features for 12779 FAIR CREST COURT Unit 101
General Information
Standard status
Active
Size
1,180 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR+den
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,883
Amenities
private patio
common areas
playgrounds
tot lots
Building Details
Building Size
1,180 SF
Year Built
1997
Listing Agency:
Compass
Listed By:
Horse Farms & Country Homes
(703) 966-9480
Source:
Horsefarmsandcountryhomes
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 3:23PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,180-square-foot condominium offers one bedroom, a den and an open living, dining and kitchen area. Recent interior updates include fresh paint, new carpet in the bedroom and den, updated light fixtures and luxury vinyl plank flooring in the main living areas. A gas fireplace anchors the living room, while French doors open to a private patio. The primary suite includes a walk-in closet, dual vanities, a soaking tub and a separate shower.
Residents have access to common areas with playgrounds and tot lots. Fair Lakes, Fair Oaks Mall, Fairfax Corner, restaurants and grocery stores are a short drive away. I-66, Route 50, Route 29 and Fairfax County Parkway provide regional connections.
Residents have access to common areas with playgrounds and tot lots. Fair Lakes, Fair Oaks Mall, Fairfax Corner, restaurants and grocery stores are a short drive away. I-66, Route 50, Route 29 and Fairfax County Parkway provide regional connections.
Key Highlights
- 1,180‑square‑foot condominium with one bedroom and a den
- Private patio accessed through French doors
- Gas fireplace in the living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,663
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,260
$353.3K
Cap Rate 7%
$252,329
$252.3K
Cap Rate 9%
$196,256
$196.3K
Market Conditions
NOI Build-Up for 1,180 SF
Gross rent
$34.0K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.1K $27.22/SF
− OpEx
−$14.5K −$12.25/SF
NOI
$17.7K $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%
$353,260
Cap Rate 7%
$252,329
Cap Rate 9%
$196,256
Alternative Uses
Best Use
Apartment 5plus
$252.3K
$220.8K – $294.4K
NOI $17,663 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.95M
$4.33M – $5.77M
NOI $346,239 @ 7.0% cap · market cap 106.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
614
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The den, private patio and refreshed finishes add useful flexibility to this one-bedroom condominium.
Where is this residential income property located?
The property is located at 12779 FAIR CREST COURT Unit 101 Fairfax, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,180‑square‑foot condominium with one bedroom and a den; Private patio accessed through French doors; Gas fireplace in the living room
