End-Unit Residential Income
For Sale
$550,000
8435 PEACE LILY COURT Unit 214, Lorton, VA 22079
Well-maintained condominium with flexible living space, private balconies, assigned parking, and community recreation amenities.
Property Size1,621 SF
Price / SF$339.30
Days on Market9
Property Features for 8435 PEACE LILY COURT Unit 214
General Information
Standard status
Active
Size
1,621 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,980
Amenities
indoor pool
fitness room
tennis courts
in-unit laundry
private balconies
fireplace
gourmet kitchen
walk-in closet
soaking tub
separate shower
Murphy bed
storage unit
Building Details
Building Size
1,621 SF
Year Built
2012
Listing Agency:
Kirin Realty
Listed By:
Michael G Huang · License #0225189427
(703) 636-4388
Source:
Kerishull
Added: Sep 10
Changed: Sep 17
Last Checked: Sep 17 at 2:58AM
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 Kirin Realty
Investment Insights
Based on property information with market context.
This end-unit condominium was built in 2012 and offers an open interior plan with a fireplace, upgraded kitchen countertops and appliances, in-unit laundry, and two private balconies. The primary suite includes a walk-in closet and an en-suite bath with a soaking tub and separate shower. A Murphy bed adds flexibility to the second bedroom, while a dedicated storage unit and garage parking space provide practical utility. The home is positioned beside the stairwell, with an elevator located nearby.
Residents of the Spring Hill community have access to an indoor pool, fitness room, and tennis courts. The property is located in Lorton, Virginia, near parks, shopping, and dining.
Residents of the Spring Hill community have access to an indoor pool, fitness room, and tennis courts. The property is located in Lorton, Virginia, near parks, shopping, and dining.
Key Highlights
- End‑unit condominium built in 2012
- Open floor plan with fireplace and two private balconies
- Kitchen includes upgraded countertops and appliances
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
$24,264
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
4.41%
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%
$485,280
$485.3K
Cap Rate 7%
$346,629
$346.6K
Cap Rate 9%
$269,600
$269.6K
Market Conditions
NOI Build-Up for 1,621 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
$46.7K $28.80/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$44.1K $27.22/SF
− OpEx
−$19.9K −$12.25/SF
NOI
$24.3K $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%
$485,280
Cap Rate 7%
$346,629
Cap Rate 9%
$269,600
Alternative Uses
Best Use
Apartment 5plus
$346.6K
$303.3K – $404.4K
NOI $24,264 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.79M
$5.95M – $7.93M
NOI $475,638 @ 7.0% cap · market cap 86.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 22079, VA
35,225
Population
12,454
Households
2.8
Avg Household Size
37
Median Age
58%
College-Educated
94%
High-School Grad
28.4 sq mi
ZIP Area
1,240
Density / Sq Mi
$140,817
Median Household Income
$66,333
Median Earnings
$2,457
Median Rent
$600,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained condominium with flexible living space, private balconies, assigned parking, and community recreation amenities.
Where is this residential income property located?
The property is located at 8435 PEACE LILY COURT Unit 214 Lorton, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: End‑unit condominium built in 2012; Open floor plan with fireplace and two private balconies; Kitchen includes upgraded countertops and appliances
