Residential Income Property with
For Sale
$409,872
13390 SPOFFORD ROAD Unit 302, Herndon, VA 20171
Two bedrooms, 2.5 baths, and shared recreational amenities shape this Herndon condo offering.
Property Size1,215 SF
Price / SF$337.34
Days on Market56
Property Features for 13390 SPOFFORD ROAD Unit 302
General Information
Standard status
Active
Size
1,215 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,566
Amenities
pool
tennis courts
basketball courts
tot lots
clubhouse
walking trails
in-unit washer/dryer
covered balcony
walk-in closet
generous storage
Building Details
Building Size
1,215 SF
Year Built
2001
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Nathan D Evans Jr. · License #0225243307
(703) 586-7634
Source:
Catoctinproperties
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 26 at 4:09PM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,215-square-foot penthouse condo has two bedrooms and 2.5 bathrooms, with living and dining areas on the main level and both bedrooms upstairs. Hardwood floors and a covered private balcony complement the main-floor space. The kitchen has granite counters, stainless steel appliances, white cabinets, and a tile backsplash. A walk-in closet and private full bath serve the primary suite; an in-unit washer and dryer and additional storage are also included. Built in 2001, the property has received minor improvements during the current owner’s 12-month tenure. A 2025 home inspection report is available with a ratified offer.
Community features include two pools, tennis and basketball courts, tot lots, a clubhouse, walking trails, and unassigned parking. The HOA covers water, sewer, and trash. Schools, shopping, dining, the Silver Line Metro, Dulles Airport, Route 28, Route 50, Fairfax County Parkway, Reston, and the Dulles Tech Corridor are listed among nearby destinations.
Community features include two pools, tennis and basketball courts, tot lots, a clubhouse, walking trails, and unassigned parking. The HOA covers water, sewer, and trash. Schools, shopping, dining, the Silver Line Metro, Dulles Airport, Route 28, Route 50, Fairfax County Parkway, Reston, and the Dulles Tech Corridor are listed among nearby destinations.
Key Highlights
- 1,215‑square‑foot penthouse condo with two bedrooms and 2.5 bathrooms
- Private covered balcony off the main‑level living and dining area
- Kitchen with granite countertops, stainless steel appliances, white cabinetry, and tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,187
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,740
$363.7K
Cap Rate 7%
$259,814
$259.8K
Cap Rate 9%
$202,078
$202.1K
Market Conditions
NOI Build-Up for 1,215 SF
Gross rent
$35.0K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$33.1K $27.22/SF
− OpEx
−$14.9K −$12.25/SF
NOI
$18.2K $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%
$363,740
Cap Rate 7%
$259,814
Cap Rate 9%
$202,078
Alternative Uses
Best Use
Apartment 5plus
$259.8K
$227.3K – $303.1K
NOI $18,187 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.09M
$4.46M – $5.94M
NOI $356,508 @ 7.0% cap · market cap 86.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
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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 bedrooms, 2.5 baths, and shared recreational amenities shape this Herndon condo offering.
Where is this residential income property located?
The property is located at 13390 SPOFFORD ROAD Unit 302 Herndon, VA.
What is the asking price?
The asking price for this property is $409,872.
What are key features of this property?
This property features: 1,215‑square‑foot penthouse condo with two bedrooms and 2.5 bathrooms; Private covered balcony off the main‑level living and dining area; Kitchen with granite countertops, stainless steel appliances, white cabinetry, and tile backsplash
