Corner-Unit Residential Income
For Sale
$505,000
12880 MOSAIC PARK WAY Unit 1-Q, Herndon, VA 20171
Two-bedroom condo with upgraded kitchen, private balcony, and covered garage parking.
Property Size1,162 SF
Price / SF$434.60
Days on Market60
Property Features for 12880 MOSAIC PARK WAY Unit 1-Q
General Information
Standard status
Active
Size
1,162 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,384
Building Details
Building Size
1,162 SF
Year Built
2023
Listing Agency:
Keller Williams Realty
(571) 233-2763
Listed By:
Paul Vincent Sneeringer III · License #0225238260
(571) 233-2763
Source:
Kerishull
Added: Jul 2
Changed: Aug 28
Last Checked: Aug 29 at 4:49PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This corner-unit condo offers 1,333 SF with two bedrooms, two bathrooms, and an open living, dining, and kitchen arrangement. The kitchen includes white cabinetry, stone countertops, stainless steel appliances, a farmhouse-style sink, and an oversized island. Large windows bring natural light into the main living areas, while a covered private balcony extends the usable space. The primary suite includes a walk-in closet and private bathroom with a double vanity and glass-enclosed shower. Additional features include a second full bathroom, in-unit laundry, built-in storage, and only one shared wall.
Parking includes one covered garage space, a community pass for outdoor parking, and access to additional street parking. A staircase beside the unit provides direct access to the garage area, and the building also has an elevator. The property is located in Herndon, Virginia, at 12880 Mosaic Park Way, Unit 1-B.
Parking includes one covered garage space, a community pass for outdoor parking, and access to additional street parking. A staircase beside the unit provides direct access to the garage area, and the building also has an elevator. The property is located in Herndon, Virginia, at 12880 Mosaic Park Way, Unit 1-B.
Key Highlights
- 1,333 SF corner‑unit condo with two bedrooms and two bathrooms
- Kitchen features stone countertops, stainless steel appliances, farmhouse‑style sink, and oversized island
- Primary suite includes walk‑in closet, double vanity, and glass‑enclosed shower
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
$18,122
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
3.59%
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%
$362,440
$362.4K
Cap Rate 7%
$258,886
$258.9K
Cap Rate 9%
$201,356
$201.4K
Market Conditions
NOI Build-Up for 1,162 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
$35.3K $30.36/SF
− Vacancy
−$2.3K −$2.00/SF
EGI
$32.9K $28.36/SF
− OpEx
−$14.8K −$12.76/SF
NOI
$18.1K $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%
$362,440
Cap Rate 7%
$258,886
Cap Rate 9%
$201,356
Alternative Uses
Best Use
Apartment 5plus
$258.9K
$226.5K – $302.0K
NOI $18,122 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$364.2K
$318.6K – $424.9K
NOI $25,491 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Two-bedroom condo with upgraded kitchen, private balcony, and covered garage parking.
Where is this residential income property located?
The property is located at 12880 MOSAIC PARK WAY Unit 1-Q Herndon, VA.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: 1,333 SF corner‑unit condo with two bedrooms and two bathrooms; Kitchen features stone countertops, stainless steel appliances, farmhouse‑style sink, and oversized island; Primary suite includes walk‑in closet, double vanity, and glass‑enclosed shower
