Corner Residential Income
For Sale
$625,000
Pending
3925 FAIR RIDGE DRIVE Unit 201, Fairfax, VA 22033
Builder’s model residence with upgraded finishes, flexible den space, and a covered balcony in a secure elevator building.
Property Size1,526 SF
Days on Market110
Property Features for 3925 FAIR RIDGE DRIVE Unit 201
General Information
Standard status
Pending
Size
1,526 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,690
Amenities
private covered balcony
key fob entry
phone entry via app
mail room
gathering area
gated garage parking
climate-controlled storage
trash chutes
mud room/dog washing station
pool
lap lanes
kiddie pool
playground
common areas
jogging paths
walking paths
reservable common spaces
EV charging stations
Building Details
Building Size
1,526 SF
Year Built
2022
Listing Agency:
LPT Realty, LLC
(703) 232-3917
Listed By:
Juliet Mayers · License #0225205066
(703) 232-3917
Source:
Kerishull
Added: May 15
Changed: Aug 31
Last Checked: Aug 31 at 12:56AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This 2022-built builder’s model residence offers 1,526 square feet with two bedrooms, two full bathrooms, and a den that can serve as office or flex space. The corner unit receives additional natural light through expanded window exposure and includes a covered balcony. Interior finishes include luxury vinyl plank flooring, white cabinetry, quartz countertops and backsplash, a stainless farm sink, gas range, vent hood, French-door refrigerator, and matching dishwasher. The primary suite features two walk-in closets and a private bath with dual vanities and an oversized walk-in shower.
Building features include key-fob and phone-app entry, an elevator, a main-level mailroom, gated garage parking with spot #7, climate-controlled storage unit #38, floor-level trash chutes, and a mud room with dog-washing station. Community amenities include a lap pool, separate kiddie pool, playground, walking and jogging paths, reservable gathering areas, and EV charging stations. The community is near shops, restaurants, a grocery store, Route 50, Fairfax Corner, Fairfax Town Center, Dulles Airport, Metro, I-66, and Fairfax County Parkway.
Building features include key-fob and phone-app entry, an elevator, a main-level mailroom, gated garage parking with spot #7, climate-controlled storage unit #38, floor-level trash chutes, and a mud room with dog-washing station. Community amenities include a lap pool, separate kiddie pool, playground, walking and jogging paths, reservable gathering areas, and EV charging stations. The community is near shops, restaurants, a grocery store, Route 50, Fairfax Corner, Fairfax Town Center, Dulles Airport, Metro, I-66, and Fairfax County Parkway.
Key Highlights
- 1,526‑square‑foot builder’s model residence completed in 2022
- Two bedrooms, two full bathrooms, and a flexible den or office
- Corner unit with additional windows and a covered private balcony
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
$22,842
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
3.65%
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%
$456,840
$456.8K
Cap Rate 7%
$326,314
$326.3K
Cap Rate 9%
$253,800
$253.8K
Market Conditions
NOI Build-Up for 1,526 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
$43.9K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$41.5K $27.22/SF
− OpEx
−$18.7K −$12.25/SF
NOI
$22.8K $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 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%
$456,840
Cap Rate 7%
$326,314
Cap Rate 9%
$253,800
Alternative Uses
Best Use
Apartment 5plus
$326.3K
$285.5K – $380.7K
NOI $22,842 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.40M
$5.60M – $7.46M
NOI $447,763 @ 7.0% cap · market cap 71.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
995
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Builder’s model residence with upgraded finishes, flexible den space, and a covered balcony in a secure elevator building.
Where is this residential income property located?
The property is located at 3925 FAIR RIDGE DRIVE Unit 201 Fairfax, VA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,526‑square‑foot builder’s model residence completed in 2022; Two bedrooms, two full bathrooms, and a flexible den or office; Corner unit with additional windows and a covered private balcony
