Residential Income Condo with
For Sale
$400,000
12929 GRAYS POINTE ROAD Unit C, Fairfax, VA 22033
Vaulted ceilings and a wood-burning fireplace distinguish this two-bedroom, two-bath residence.
Property Size1,094 SF
Price / SF$365.63
Days on Market42
Property Features for 12929 GRAYS POINTE ROAD Unit C
General Information
Standard status
Active
Size
1,094 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,029
Amenities
pool
vaulted ceilings
breakfast bar
pantry
skylights
wood burning fireplace
large deck/balcony with storage shed
Building Details
Building Size
1,094 SF
Year Built
1985
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group
(202) 410-0672
Source:
Canopy-re
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 26 at 12:08PM
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 eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,094-square-foot condominium was built in 1985 and has two bedrooms and two full bathrooms. Vaulted ceilings extend throughout the interior. The kitchen includes a breakfast bar, pantry, and skylights, while another skylight brightens the primary bathroom. A wood-burning fireplace and a deck with a storage shed add to the home’s features, and the residence looks out over a pool.
A shopping center is within walking distance, and a hospital is nearby. Fair Oaks Mall and I-66 are each 3 miles away.
A shopping center is within walking distance, and a hospital is nearby. Fair Oaks Mall and I-66 are each 3 miles away.
Key Highlights
- 1,094‑square‑foot condominium with two bedrooms and two full bathrooms
- 1985 construction with vaulted ceilings throughout
- Wood‑burning fireplace and deck with storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,376
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,520
$327.5K
Cap Rate 7%
$233,943
$233.9K
Cap Rate 9%
$181,956
$182.0K
Market Conditions
NOI Build-Up for 1,094 SF
Gross rent
$31.5K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$29.8K $27.22/SF
− OpEx
−$13.4K −$12.25/SF
NOI
$16.4K $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%
$327,520
Cap Rate 7%
$233,943
Cap Rate 9%
$181,956
Alternative Uses
Best Use
Apartment 5plus
$233.9K
$204.7K – $272.9K
NOI $16,376 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.59M
$4.01M – $5.35M
NOI $321,004 @ 7.0% cap · market cap 80.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
749
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
Frequently Asked Questions
What type of property is this?
Residential income property - Vaulted ceilings and a wood-burning fireplace distinguish this two-bedroom, two-bath residence.
Where is this residential income property located?
The property is located at 12929 GRAYS POINTE ROAD Unit C Fairfax, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,094‑square‑foot condominium with two bedrooms and two full bathrooms; 1985 construction with vaulted ceilings throughout; Wood‑burning fireplace and deck with storage shed
