Ground-Floor Residential Income
For Sale
$249,999
7332 TAVENNER LANE Unit 1A, Alexandria, VA 22306
Two-bedroom condominium with an open layout, in-unit laundry, storage, and convenient access to bus and Metro service.
Property Size1,200 SF
Price / SF$208.33
Days on Market12
Property Features for 7332 TAVENNER LANE Unit 1A
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,597
Amenities
washer/dryer in unit
large storage
eat-in kitchen
Building Details
Building Size
1,200 SF
Year Built
1978
Construction
garden style
Listing Agency:
Samson Properties
(703) 309-6387
Listed By:
Diep H Le · License #0225068688
(703) 309-6387
Source:
Dcmetrorealtyteam
Added: Aug 12
Changed: Aug 19
Last Checked: Aug 23 at 8:44AM
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.
This 1,200-square-foot condominium is positioned on the ground floor of a garden-style residential property. The layout includes 2 bedrooms, 2 full bathrooms, an open living area, and an eat-in kitchen with a newer cooktop. Recessed lighting contributes to the living room, while a washer and dryer are located inside the unit. Large storage space adds practical utility.
The property is located at 7332 Tavenner Lane in Alexandria, Virginia. A bus stop is within walking distance, and Metro subway service is described as very close. Shopping and parks are nearby, with access also noted to Reagan National Airport, the Pentagon, and Amazon HQ2. Built in 1978, the condominium is described as being in good condition.
The property is located at 7332 Tavenner Lane in Alexandria, Virginia. A bus stop is within walking distance, and Metro subway service is described as very close. Shopping and parks are nearby, with access also noted to Reagan National Airport, the Pentagon, and Amazon HQ2. Built in 1978, the condominium is described as being in good condition.
Key Highlights
- 1,200 square feet with 2 bedrooms and 2 full bathrooms
- Ground‑floor, garden‑style condominium with an open floor plan
- Eat‑in kitchen with a newer cooktop
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
$18,395
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
7.36%
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%
$367,900
$367.9K
Cap Rate 7%
$262,786
$262.8K
Cap Rate 9%
$204,389
$204.4K
Market Conditions
NOI Build-Up for 1,200 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
$35.3K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$33.4K $27.87/SF
− OpEx
−$15.1K −$12.54/SF
NOI
$18.4K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /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%
$367,900
Cap Rate 7%
$262,786
Cap Rate 9%
$204,389
Alternative Uses
Best Use
Apartment 5plus
$262.8K
$229.9K – $306.6K
NOI $18,395 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 18.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 22306, VA
33,330
Population
11,514
Households
2.9
Avg Household Size
35
Median Age
40%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
4,901
Density / Sq Mi
$95,026
Median Household Income
$45,193
Median Earnings
$1,750
Median Rent
$583,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with an open layout, in-unit laundry, storage, and convenient access to bus and Metro service.
Where is this residential income property located?
The property is located at 7332 TAVENNER LANE Unit 1A Alexandria, VA.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: 1,200 square feet with 2 bedrooms and 2 full bathrooms; Ground‑floor, garden‑style condominium with an open floor plan; Eat‑in kitchen with a newer cooktop
