Residential Income Condo with
For Sale
$349,999
12901 ALTON SQUARE Unit 103, Herndon, VA 20170
The 1997 residence has an open living and dining area, granite counters, and a gas fireplace.
Property Size1,140 SF
Price / SF$307.02
Days on Market72
Property Features for 12901 ALTON SQUARE Unit 103
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,906
Building Details
Building Size
1,140 SF
Year Built
1997
Listing Agency:
Corcoran McEnearney
Listed By:
David Pena · License #0225213054
(703) 554-7349
Source:
Canopy-re
Added: Aug 19
Changed: Oct 26
Last Checked: Oct 26 at 1:33PM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This 1,140-square-foot condominium, built in 1997, includes an open living and dining space with bamboo flooring and a gas fireplace. A sliding glass door connects the interior to a private balcony. The kitchen has granite countertops, a gas range, ample cabinetry, and a pass-through to the dining area. Both bathrooms have granite counters; the primary bath includes a double vanity. The primary bedroom has generous closet space and room for a sitting area or home office.
In the Worldgate community in Herndon, the property is less than 10 minutes from Reston Town Center. Nearby transportation options include the Dulles Toll Road, Route 28, Fairfax County Parkway, Dulles International Airport, and Metro access. Shopping, dining, entertainment, and everyday services are also described as nearby.
In the Worldgate community in Herndon, the property is less than 10 minutes from Reston Town Center. Nearby transportation options include the Dulles Toll Road, Route 28, Fairfax County Parkway, Dulles International Airport, and Metro access. Shopping, dining, entertainment, and everyday services are also described as nearby.
Key Highlights
- 1,140‑square‑foot condominium built in 1997
- Private balcony accessed through a sliding glass door
- Open living and dining area with bamboo flooring and a gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,064
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,280
$341.3K
Cap Rate 7%
$243,771
$243.8K
Cap Rate 9%
$189,600
$189.6K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$32.8K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$31.0K $27.22/SF
− OpEx
−$14.0K −$12.25/SF
NOI
$17.1K $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%
$341,280
Cap Rate 7%
$243,771
Cap Rate 9%
$189,600
Alternative Uses
Best Use
Apartment 5plus
$243.8K
$213.3K – $284.4K
NOI $17,064 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.78M
$4.18M – $5.58M
NOI $334,502 @ 7.0% cap · market cap 95.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,386
Businesses Nearby
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Business Placement
Demographics for 20170, VA
42,756
Population
14,084
Households
3
Avg Household Size
36
Median Age
57%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,859
Density / Sq Mi
$157,875
Median Household Income
$59,119
Median Earnings
$2,224
Median Rent
$625,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1997 residence has an open living and dining area, granite counters, and a gas fireplace.
Where is this residential income property located?
The property is located at 12901 ALTON SQUARE Unit 103 Herndon, VA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 1,140‑square‑foot condominium built in 1997; Private balcony accessed through a sliding glass door; Open living and dining area with bamboo flooring and a gas fireplace
