Updated Ground-Floor Residential Income
For Sale
$475,000
7880 ROLLING WOODS COURT Unit 2103, Springfield, VA 22152
Two-bedroom condo with private patio, open living areas, and access to Hiddenbrooke community amenities.
Property Size1,366 SF
Days on Market8
Property Features for 7880 ROLLING WOODS COURT Unit 2103
General Information
Standard status
Active
Size
1,366 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,090
Amenities
social events
community center (The Bistro)
kitchen
meeting spaces
exercise room
library
outdoor area
pet-friendly
walking trails
Building Details
Building Size
1,366 SF
Year Built
2004
Listing Agency:
Coldwell Banker Realty
Listed By:
Tracy L Vitali · License #0225210433
(904) 505-1874
Source:
Dcmetrorealtyteam
Added: Aug 31
Changed: Sep 3
Last Checked: Sep 6 at 12:15PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This ground-floor residential income property is a two-bedroom, two-bathroom condominium in Hiddenbrooke, a 55+ community. The one-level interior has an open layout, 9-foot ceilings, millwork, LVP flooring, stainless steel kitchen appliances, and an electric fireplace. The primary suite includes large windows, a walk-in closet, and an ensuite bathroom with dual sinks, a soaking tub, and a separate shower. Storage is provided through multiple closets, and the home opens to a private patio overlooking a wooded setting.
Residents have access to The Bistro community center, which includes a kitchen, meeting spaces, an exercise room, a library, and an outdoor area. The community also offers social events, walking trails, and pet-friendly policies with restrictions. The property is near Fairfax County Parkway, I-95, the Springfield-Franconia Metro, shopping, and dining. Built in 2004, the condominium does not include a garage; nearby garage rentals may be available from neighbors.
Residents have access to The Bistro community center, which includes a kitchen, meeting spaces, an exercise room, a library, and an outdoor area. The community also offers social events, walking trails, and pet-friendly policies with restrictions. The property is near Fairfax County Parkway, I-95, the Springfield-Franconia Metro, shopping, and dining. Built in 2004, the condominium does not include a garage; nearby garage rentals may be available from neighbors.
Key Highlights
- Ground‑floor, one‑level condo with 2 bedrooms and 2 full bathrooms
- Open‑concept interior with 9‑foot ceilings, LVP flooring, and stainless steel appliances
- Primary suite features a walk‑in closet, dual‑sink bath, soaking tub, and separate shower
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
$20,447
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
4.30%
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%
$408,940
$408.9K
Cap Rate 7%
$292,100
$292.1K
Cap Rate 9%
$227,189
$227.2K
Market Conditions
NOI Build-Up for 1,366 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
$39.3K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.2K $27.22/SF
− OpEx
−$16.7K −$12.25/SF
NOI
$20.4K $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%
$408,940
Cap Rate 7%
$292,100
Cap Rate 9%
$227,189
Alternative Uses
Best Use
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,447 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.73M
$5.01M – $6.68M
NOI $400,815 @ 7.0% cap · market cap 84.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 22152, VA
29,843
Population
9,779
Households
3.1
Avg Household Size
40
Median Age
64%
College-Educated
94%
High-School Grad
6.0 sq mi
ZIP Area
4,974
Density / Sq Mi
$159,557
Median Household Income
$73,552
Median Earnings
$2,495
Median Rent
$620,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with private patio, open living areas, and access to Hiddenbrooke community amenities.
Where is this residential income property located?
The property is located at 7880 ROLLING WOODS COURT Unit 2103 Springfield, VA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Ground‑floor, one‑level condo with 2 bedrooms and 2 full bathrooms; Open‑concept interior with 9‑foot ceilings, LVP flooring, and stainless steel appliances; Primary suite features a walk‑in closet, dual‑sink bath, soaking tub, and separate shower
