End-Unit Residential Income
For Sale
$500,000
44097 VAIRA TERRACE Unit 44097, Chantilly, VA 20152
Tenant-occupied end-unit condo with an in-place lease, garage, open layout, and access to major commuter routes.
Property Size1,598 SF
Price / SF$312.89
Days on Market82
Property Features for 44097 VAIRA TERRACE Unit 44097
General Information
Standard status
Active
Size
1,598 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,895
Building Details
Building Size
1,598 SF
Year Built
2014
Tenancy
Single
Listing Agency:
Pacific Realty
(703) 713-2513
Listed By:
ISAAC JANG · License #0225209798
(703) 713-2513
Source:
Kerishull
Added: Jun 10
Changed: Aug 29
Last Checked: Aug 29 at 1:56PM
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 Pacific Realty
Investment Insights
Based on property information with market context.
This tenant-occupied residential income property is an end-unit, townhome-style condominium built in 2014. The residence offers 1,598 square feet with 3 bedrooms, 2.5 bathrooms, a 1-car garage, and an open interior arrangement. Granite countertops and stainless steel appliances are included, along with spacious living areas. The existing lease runs through March 2027.
Located at 44097 Vaira Terrace in Chantilly, the property provides access to Route 50, Route 28, and I-66. Shopping and dining are noted nearby, while the community includes schools and other amenities. The combination of an established tenancy, residential configuration, and commuter-route access supports continued use as a residential income property.
Located at 44097 Vaira Terrace in Chantilly, the property provides access to Route 50, Route 28, and I-66. Shopping and dining are noted nearby, while the community includes schools and other amenities. The combination of an established tenancy, residential configuration, and commuter-route access supports continued use as a residential income property.
Key Highlights
- Lease in place through March 2027 with current tenant occupancy
- End‑unit, townhome‑style condo with 1,598 square feet
- 3 bedrooms and 2.5 bathrooms
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
$24,922
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
4.98%
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%
$498,440
$498.4K
Cap Rate 7%
$356,029
$356.0K
Cap Rate 9%
$276,911
$276.9K
Market Conditions
NOI Build-Up for 1,598 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
$48.5K $30.36/SF
− Vacancy
−$3.2K −$2.00/SF
EGI
$45.3K $28.36/SF
− OpEx
−$20.4K −$12.76/SF
NOI
$24.9K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /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%
$498,440
Cap Rate 7%
$356,029
Cap Rate 9%
$276,911
Alternative Uses
Best Use
Apartment 5plus
$356.0K
$311.5K – $415.4K
NOI $24,922 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$500.8K
$438.2K – $584.3K
NOI $35,056 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
Business Placement
Demographics for 20152, VA
37,013
Population
11,127
Households
3.3
Avg Household Size
35
Median Age
67%
College-Educated
94%
High-School Grad
13.3 sq mi
ZIP Area
2,783
Density / Sq Mi
$191,392
Median Household Income
$89,760
Median Earnings
$2,853
Median Rent
$708,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Tenant-occupied end-unit condo with an in-place lease, garage, open layout, and access to major commuter routes.
Where is this residential income property located?
The property is located at 44097 VAIRA TERRACE Unit 44097 Chantilly, VA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Lease in place through March 2027 with current tenant occupancy; End‑unit, townhome‑style condo with 1,598 square feet; 3 bedrooms and 2.5 bathrooms
