Residential Income Property with
For Sale
$699,000
4053 LEGATO ROAD Unit 80, Fairfax, VA 22033
Townhouse-style condominium offering contemporary finishes, flexible bedroom space, and low-maintenance ownership in the Park at Fair Oaks community.
Property Size2,344 SF
Price / SF$298.21
Days on Market58
Property Features for 4053 LEGATO ROAD Unit 80
General Information
Standard status
Active
Size
2,344 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,396
Building Details
Building Size
2,344 SF
Year Built
2022
Listing Agency:
Samson Properties
(703) 868-3838
Listed By:
Sanjiv D Shah · License #0225036821
(703) 868-3838
Source:
Kerishull
Added: Jun 25
Changed: Aug 21
Last Checked: Aug 21 at 11:23AM
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 Samson Properties
Investment Insights
Based on property information with market context.
Built in 2022, this townhouse-style condominium presents a three-bedroom, two-and-one-half-bath layout with an open main level and abundant natural light. The interior includes luxury vinyl plank flooring, distinct living and dining areas, and a contemporary kitchen equipped with quartz counters, custom cabinetry, pendant fixtures, an oversized island, and stainless steel appliances. A covered patio extends the main-level living area, while the upper floor includes a primary suite with private bath, two additional bedrooms, a hall bathroom, and a laundry closet with full-size washer and dryer.
The property also includes an attached one-car garage with an EV charger and a private driveway for a second vehicle. Fair Oaks Mall and Fairfax Towne Center are within walking distance, with Fairfax Corner, Whole Foods, and Wegmans nearby. Access to I-66, Route 50, and Fairfax County Parkway supports regional commuting.
The property also includes an attached one-car garage with an EV charger and a private driveway for a second vehicle. Fair Oaks Mall and Fairfax Towne Center are within walking distance, with Fairfax Corner, Whole Foods, and Wegmans nearby. Access to I-66, Route 50, and Fairfax County Parkway supports regional commuting.
Key Highlights
- Built in 2022 with a three‑bedroom, 2.5‑bath configuration
- Townhouse‑style condominium with open‑concept main‑level living areas
- Kitchen features quartz countertops, custom cabinetry, oversized island, and stainless steel appliances
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
$35,087
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
5.02%
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%
$701,740
$701.7K
Cap Rate 7%
$501,243
$501.2K
Cap Rate 9%
$389,856
$389.9K
Market Conditions
NOI Build-Up for 2,344 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
$67.5K $28.80/SF
− Vacancy
−$3.7K −$1.58/SF
EGI
$63.8K $27.22/SF
− OpEx
−$28.7K −$12.25/SF
NOI
$35.1K $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 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%
$701,740
Cap Rate 7%
$501,243
Cap Rate 9%
$389,856
Alternative Uses
Best Use
Apartment 5plus
$501.2K
$438.6K – $584.8K
NOI $35,087 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.83M
$8.60M – $11.46M
NOI $687,782 @ 7.0% cap · market cap 98.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,977
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 - Townhouse-style condominium offering contemporary finishes, flexible bedroom space, and low-maintenance ownership in the Park at Fair Oaks community.
Where is this residential income property located?
The property is located at 4053 LEGATO ROAD Unit 80 Fairfax, VA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Built in 2022 with a three‑bedroom, 2.5‑bath configuration; Townhouse‑style condominium with open‑concept main‑level living areas; Kitchen features quartz countertops, custom cabinetry, oversized island, and stainless steel appliances
