Corner Residential Income
For Sale
$574,990
12875 MOSAIC PARK WAY Unit 4-B, Herndon, VA 20171
Former builder model condo with secured entry, elevator access, and underground garage parking.
Property Size1,333 SF
Price / SF$431.35
Days on Market17
Property Features for 12875 MOSAIC PARK WAY Unit 4-B
General Information
Standard status
Active
Size
1,333 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,016
Amenities
Digital Package Kiosk
Video Telecom System
Building Details
Building Size
1,333 SF
Year Built
2022
Listing Agency:
Realty Resource
(703) 508-9205
Listed By:
Sri Meka · License #0225080443
(703) 508-9205
Source:
Kerishull
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 29 at 11:49AM
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 Realty Resource
Investment Insights
Based on property information with market context.
This residential income property is a second-level, end-corner condominium with 1,333 interior square feet, two bedrooms, and two full bathrooms. Built in 2022, the former builder model features one-level living, an open plan, abundant natural light, and clear open views. The living area extends to a 70-square-foot covered balcony. Interior finishes include LVP flooring, upgraded cabinetry, quartz countertops, stainless steel appliances, a center island, backsplash, and a deep apron sink. The owner's suite includes a walk-in closet and bathroom with dual vanities and a large shower. A laundry closet, draperies, and an Eco programmable thermostat are also included.
Building features include a secured entrance, digital package kiosk, video telecom system, elevator, and secured underground garage parking assigned as #2. The property is 3/4 mile from the Herndon Metro Silver Line and offers access to Routes 267 and 28 and Fairfax County Parkway. Dulles International Airport, shopping, dining, fitness facilities, movie theaters, meeting places, and parks are nearby.
Building features include a secured entrance, digital package kiosk, video telecom system, elevator, and secured underground garage parking assigned as #2. The property is 3/4 mile from the Herndon Metro Silver Line and offers access to Routes 267 and 28 and Fairfax County Parkway. Dulles International Airport, shopping, dining, fitness facilities, movie theaters, meeting places, and parks are nearby.
Key Highlights
- Second‑level end‑corner condominium with 1,333 interior sq ft
- Two bedrooms and 2 full baths with one‑level living
- 70 sq ft covered balcony with clear open views
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
$20,789
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
3.62%
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%
$415,780
$415.8K
Cap Rate 7%
$296,986
$297.0K
Cap Rate 9%
$230,989
$231.0K
Market Conditions
NOI Build-Up for 1,333 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
$40.5K $30.36/SF
− Vacancy
−$2.7K −$2.00/SF
EGI
$37.8K $28.36/SF
− OpEx
−$17.0K −$12.76/SF
NOI
$20.8K $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%
$415,780
Cap Rate 7%
$296,986
Cap Rate 9%
$230,989
Alternative Uses
Best Use
Apartment 5plus
$297.0K
$259.9K – $346.5K
NOI $20,789 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$417.8K
$365.5K – $487.4K
NOI $29,243 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 20171, VA
51,759
Population
19,221
Households
2.7
Avg Household Size
36
Median Age
74%
College-Educated
97%
High-School Grad
11.6 sq mi
ZIP Area
4,462
Density / Sq Mi
$166,154
Median Household Income
$89,943
Median Earnings
$2,276
Median Rent
$770,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Former builder model condo with secured entry, elevator access, and underground garage parking.
Where is this residential income property located?
The property is located at 12875 MOSAIC PARK WAY Unit 4-B Herndon, VA.
What is the asking price?
The asking price for this property is $574,990.
What are key features of this property?
This property features: Second‑level end‑corner condominium with 1,333 interior sq ft; Two bedrooms and 2 full baths with one‑level living; 70 sq ft covered balcony with clear open views
