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 Market106
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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:
Samson Properties
Listed By:
Paul Vincent Sneeringer III · License #0225238260
(571) 233-2763
Source:
Kerishull
Added: Jul 2
Changed: Oct 8
Last Checked: Oct 15 at 5:38AM
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
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 / Yr
$17,394
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,880
$347.9K
Cap Rate 7%
$248,486
$248.5K
Cap Rate 9%
$193,267
$193.3K
Market Conditions
NOI Build-Up for 1,162 SF
Gross rent
$33.5K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$31.6K $27.22/SF
− OpEx
−$14.2K −$12.25/SF
NOI
$17.4K $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%
$347,880
Cap Rate 7%
$248,486
Cap Rate 9%
$193,267
Alternative Uses
Best Use
Apartment 5plus
$248.5K
$217.4K – $289.9K
NOI $17,394 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.87M
$4.26M – $5.68M
NOI $340,957 @ 7.0% cap · market cap 67.52%
Zoning and permitted uses should be independently verified with authorities.
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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
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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
