Building Details

Building Size 1,382 SF

Year Built 2004

Listing Agency: Everland Realty LLC

Listed By: Jae I Lee · License #0225062001 Show Phone

Source: Kerishull

Added: May 20 Changed: Oct 16 Last Checked: Oct 16 at 4:05PM

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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 Everland Realty LLC

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Investment Insights

Based on property information with market context.

This residential income property is a condominium unit at 4191 Lochleven Trail, Unit 405, in Fairfax. Built in 2004, the home features cherry hardwood flooring, a kitchen with granite countertops and upgraded finishes, elevator access, and a private garage.

The property is located near Routes 29, 50, and 66, providing direct connectivity to major regional roads. Its residential condominium format and combination of interior finishes, dedicated garage parking, and elevator service define the offering.

Key Highlights

• Condominium unit at 4191 Lochleven Trail, Unit 405, Fairfax, VA 22030
• Built in 2004
• Cherry hardwood flooring throughout the entry and living areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,687

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$413,740 $413.7K

Cap Rate 7%

$295,529 $295.5K

Cap Rate 9%

$229,856 $229.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,382 SF

Gross rent

$39.8K $28.80/SF

− Vacancy

−$2.2K −$1.58/SF

EGI

$37.6K $27.22/SF

− OpEx

−$16.9K −$12.25/SF

NOI

$20.7K $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%

$413,740

Cap Rate 7%

$295,529

Cap Rate 9%

$229,856

Alternative Uses

Best Use

Apartment 5plus

$295.5K

$258.6K – $344.8K (±1% cap)

NOI $20,687 @ 7.0% cap · market cap 3.90%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$5.79M

$5.07M – $6.76M (±1% cap)

NOI $405,510 @ 7.0% cap · market cap 76.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Courts at Westcott Ridge ... Condominium Complex

Suggested Use

Top Pick Auto Parts Store Electrical Service Tattoo & Piercing Shop Home Appliance Store (Bike/Boat/Book/etc) Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,188

Businesses Nearby

Explore this area Business Placement

Demographics for 22030, VA

60,431

Population

21,758

Households

2.8

Avg Household Size

34

Median Age

67%

College-Educated

94%

High-School Grad

19.4 sq mi

ZIP Area

3,115

Density / Sq Mi

$139,885

Median Household Income

$61,628

Median Earnings

$2,242

Median Rent

$700,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - Cherry hardwood floors and a granite-finished kitchen complement elevator access and a private garage.

Where is this residential income property located?

The property is located at 4191 LOCHLEVEN TRAIL Unit 405 Fairfax, VA.

What is the asking price?

The asking price for this property is $529,990.

What are key features of this property?

This property features: Condominium unit at 4191 Lochleven Trail, Unit 405, Fairfax, VA 22030; Built in 2004; Cherry hardwood flooring throughout the entry and living areas