Condominium Unit with Private
8435 PEACE LILY COURT Unit 214, Lorton, VA 22079
For Sale
$550,000
Residents have access to an indoor pool, fitness room, and tennis courts within the Spring Hill community.
Property Size1,621 SF
Price / SF$343.75
Days on Market66
Property Features for 8435 PEACE LILY COURT Unit 214
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
private balconies
fireplace
indoor pool
fitness room
tennis courts
Building Details
Building Size
Year Built
Listing Agency:
Kirin Realty
Listed By:
Michael G Huang · License VA #0225189427
(703) 636-4388
Source:
Barnesrealestatecompany
Added: Sep 10
Changed: Nov 12
Last Checked: Nov 12 at 1:18PM
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
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Investment Insights
Based on property information with market context.
Built in 2012, this end-unit condominium provides 1,600 square feet of finished living space with an open layout, fireplace, and kitchen with upgraded countertops and appliances. The home has two private balconies and in-unit laundry. Its primary bedroom includes a walk-in closet and en-suite bath with a soaking tub and separate shower; the second bedroom has a built-in Murphy bed. A garage parking space and separate storage unit are assigned to the condo.
The unit is beside a stairwell, with the elevator a short distance down the hall. Spring Hill residents can use the community’s indoor pool, fitness room, and tennis courts. Local parks, shopping, and dining are also nearby.
The unit is beside a stairwell, with the elevator a short distance down the hall. Spring Hill residents can use the community’s indoor pool, fitness room, and tennis courts. Local parks, shopping, and dining are also nearby.
Key Highlights
- 1,600 square feet of finished living space
- End‑unit layout with 2 private balconies
- Built in 2012
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,950
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,000
$479.0K
Cap Rate 7%
$342,143
$342.1K
Cap Rate 9%
$266,111
$266.1K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$46.1K $28.80/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$43.5K $27.22/SF
− OpEx
−$19.6K −$12.25/SF
NOI
$24.0K $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%
$479,000
Cap Rate 7%
$342,143
Cap Rate 9%
$266,111
Alternative Uses
Best Use
Apartment 5plus
$342.1K
$299.4K – $399.2K
NOI $23,950 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$888.7K
$777.6K – $1.04M
NOI $62,208 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
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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 - Residents have access to an indoor pool, fitness room, and tennis courts within the Spring Hill community.
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: 1,600 square feet of finished living space; End‑unit layout with 2 private balconies; Built in 2012
