Two-Bedroom Residential Income
8308 TOBIN ROAD Unit 22, Annandale, VA 22003
For Sale
$255,000
Condo fees cover electricity, gas, and water, with community recreation facilities and reserved parking also available.
Property Size1,011 SF
Price / SF$252.23
Days on Market38
Property Features for 8308 TOBIN ROAD Unit 22
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Utilities to Site
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
tennis court
basketball court
playground
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Cristian Salinas · License VA #0225250041
(703) 863-0830
Source:
Jackrealtygroup
Added: Oct 8
Changed: Nov 11
Last Checked: Nov 13 at 9:13AM
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
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Investment Insights
Based on property information with market context.
This 2-bedroom, 1.5-bath condominium offers 1,011 square feet of living space, with a separate dining area and a covered balcony facing mature trees. Interior features include crown molding, wood flooring, a galley kitchen with granite countertops and stainless steel appliances, and fresh paint. The building dates to 1969.
Community amenities include a pool, tennis and basketball courts, and a playground. Electricity, gas, and water are included in the condo fee, and the unit has reserved parking. The property is near the Capital Beltway, INOVA Fairfax Hospital, and bus service to Dunn Loring Metro. Shopping, dining, and entertainment options are available at the nearby Mosaic District.
Community amenities include a pool, tennis and basketball courts, and a playground. Electricity, gas, and water are included in the condo fee, and the unit has reserved parking. The property is near the Capital Beltway, INOVA Fairfax Hospital, and bus service to Dunn Loring Metro. Shopping, dining, and entertainment options are available at the nearby Mosaic District.
Key Highlights
- 2‑bedroom, 1.5‑bath condominium with 1,011 square feet
- Covered balcony overlooks mature trees
- Galley kitchen has granite countertops, stainless steel appliances, and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,133
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,660
$302.7K
Cap Rate 7%
$216,186
$216.2K
Cap Rate 9%
$168,144
$168.1K
Market Conditions
NOI Build-Up for 1,011 SF
Gross rent
$29.1K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$27.5K $27.22/SF
− OpEx
−$12.4K −$12.25/SF
NOI
$15.1K $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%
$302,660
Cap Rate 7%
$216,186
Cap Rate 9%
$168,144
Alternative Uses
Best Use
Apartment 5plus
$216.2K
$189.2K – $252.2K
NOI $15,133 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$561.5K
$491.4K – $655.1K
NOI $39,308 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 22003, VA
59,372
Population
19,497
Households
3
Avg Household Size
39
Median Age
51%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
4,712
Density / Sq Mi
$134,109
Median Household Income
$54,906
Median Earnings
$1,988
Median Rent
$694,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo fees cover electricity, gas, and water, with community recreation facilities and reserved parking also available.
Where is this residential income property located?
The property is located at 8308 TOBIN ROAD Unit 22 Annandale, VA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 2‑bedroom, 1.5‑bath condominium with 1,011 square feet; Covered balcony overlooks mature trees; Galley kitchen has granite countertops, stainless steel appliances, and gas cooking
