Bright Condo in Convenient
For Sale
$479,900
1322 RAIL STOP Dr, Woodbridge, VA 22191
Comfortable condo in Woodbridge, close to amenities and commuter routes.
Property Size2,020 SF
Days on Market267
Property Features for 1322 RAIL STOP Dr
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$4,965
Building Details
Building Size
2,020 SF
Year Built
2021
Listing Agency:
Houwzer, LLC
(252) 903-3616
Listed By:
Pamela Debnam · License #0225264797
(252) 903-3616
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 15
Last Checked: Aug 22 at 9:28AM
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 Houwzer, LLC
Investment Insights
Based on property information with market context.
Located at 1322 Rail Stop Drive in Woodbridge, VA, this condo offers a bright and comfortable living space in a convenient location. The open-concept layout includes a welcoming living area, a dining space, and a well-appointed kitchen featuring ample cabinetry and workspace. The bedrooms are generously sized, providing comfort and privacy, and large windows allow for an abundance of natural light throughout the home. This property offers low-maintenance living with community amenities and included exterior upkeep. It is situated close to shopping, dining, parks, and schools, with easy access to major commuter routes including I-95, Route 1, and the VRE.
Key Highlights
- Convenient Woodbridge location: Close to shopping, dining, parks, schools, I‑95, Route 1, and the VRE.
- Open‑concept layout: Features a welcoming living area, dining space, and well‑appointed kitchen.
- Generously sized bedrooms: Provides comfort and privacy.
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
$27,157
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
5.66%
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%
$543,140
$543.1K
Cap Rate 7%
$387,957
$388.0K
Cap Rate 9%
$301,744
$301.7K
Market Conditions
NOI Build-Up for 2,020 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
$50.9K $25.20/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$49.4K $24.44/SF
− OpEx
−$22.2K −$11.00/SF
NOI
$27.2K $13.44/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$25.20 /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%
$543,140
Cap Rate 7%
$387,957
Cap Rate 9%
$301,744
Alternative Uses
Best Use
Apartment 5plus
$388.0K
$339.5K – $452.6K
NOI $27,157 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$593.2K
$519.1K – $692.1K
NOI $41,527 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 22191, VA
74,189
Population
26,127
Households
2.8
Avg Household Size
34
Median Age
39%
College-Educated
87%
High-School Grad
15.4 sq mi
ZIP Area
4,817
Density / Sq Mi
$107,993
Median Household Income
$49,388
Median Earnings
$2,069
Median Rent
$432,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Comfortable condo in Woodbridge, close to amenities and commuter routes.
Where is this apartment building located?
The property is located at 1322 RAIL STOP Dr Woodbridge, VA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Convenient Woodbridge location: Close to shopping, dining, parks, schools, I‑95, Route 1, and the VRE.; Open‑concept layout: Features a welcoming living area, dining space, and well‑appointed kitchen.; Generously sized bedrooms: Provides comfort and privacy.
