Residential Income Property with
For Sale
$498,888
4320 CANNON RIDGE COURT Unit 56, Fairfax, VA 22033
Renovation plans, private parking, and shared recreational facilities add practical appeal to this low-maintenance residence.
Property Size1,555 SF
Price / SF$320.83
Days on Market60
Property Features for 4320 CANNON RIDGE COURT Unit 56
General Information
Standard status
Active
Size
1,555 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$5,467
Amenities
outdoor pool
clubhouse
exercise room
tennis courts
in-unit laundry
Building Details
Building Size
1,555 SF
Year Built
2000
Listing Agency:
SilverLine Realty & Investment LLC
(703) 966-7268
Listed By:
Tracy Taeeun Comstock · License #0226022452
(703) 966-7268
Source:
Kerishull
Added: Jul 4
Changed: Aug 31
Last Checked: Aug 31 at 12:06AM
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 SilverLine Realty & Investment LLC
Investment Insights
Based on property information with market context.
This 1,555-square-foot residential income property was built in 2000 and offers three bedrooms, two full bathrooms, and an open living and dining arrangement. The kitchen includes stainless steel appliances, a built-in microwave, gas oven/range, and dishwasher. Engineered wood flooring, carpeting, in-unit washer and dryer hookups, and a dedicated parking garage space with extra storage are included. Renovation is planned for 2026.
Community amenities include an outdoor pool, clubhouse, exercise room, tennis courts, and maintained common grounds. Security features include a secured main entrance, smoke detectors, and an indoor sprinkler system. The association fee covers lawn maintenance, snow removal, and trash collection. The property is located at 4320 Cannon Ridge Court, Unit 56, in Fairfax, Virginia 22033.
Community amenities include an outdoor pool, clubhouse, exercise room, tennis courts, and maintained common grounds. Security features include a secured main entrance, smoke detectors, and an indoor sprinkler system. The association fee covers lawn maintenance, snow removal, and trash collection. The property is located at 4320 Cannon Ridge Court, Unit 56, in Fairfax, Virginia 22033.
Key Highlights
- 1,555 SF residence with 3 bedrooms and 2 full bathrooms
- Built in 2000; renovation planned for 2026
- Stainless steel kitchen appliances include gas oven/range, dishwasher, and built‑in microwave
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
$23,276
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
4.67%
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%
$465,520
$465.5K
Cap Rate 7%
$332,514
$332.5K
Cap Rate 9%
$258,622
$258.6K
Market Conditions
NOI Build-Up for 1,555 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
$44.8K $28.80/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$42.3K $27.22/SF
− OpEx
−$19.0K −$12.25/SF
NOI
$23.3K $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%
$465,520
Cap Rate 7%
$332,514
Cap Rate 9%
$258,622
Alternative Uses
Best Use
Apartment 5plus
$332.5K
$291.0K – $387.9K
NOI $23,276 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.52M
$5.70M – $7.60M
NOI $456,272 @ 7.0% cap · market cap 91.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,255
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 - Renovation plans, private parking, and shared recreational facilities add practical appeal to this low-maintenance residence.
Where is this residential income property located?
The property is located at 4320 CANNON RIDGE COURT Unit 56 Fairfax, VA.
What is the asking price?
The asking price for this property is $498,888.
What are key features of this property?
This property features: 1,555 SF residence with 3 bedrooms and 2 full bathrooms; Built in 2000; renovation planned for 2026; Stainless steel kitchen appliances include gas oven/range, dishwasher, and built‑in microwave
