Two-Level Income
For Sale
$540,000
8850 ASHGROVE HOUSE LANE Unit 101, Vienna, VA 22182
Condominium offers flexible living and work areas with community amenities and dedicated parking.
Property Size1,506 SF
Price / SF$358.57
Days on Market18
Property Features for 8850 ASHGROVE HOUSE LANE Unit 101
General Information
Standard status
Active
Size
1,506 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,022
Amenities
clubhouse
fitness center
swimming pool
fireplace
balcony
media room
Building Details
Building Size
1,506 SF
Year Built
2000
Listing Agency:
Spring Hill Real Estate, LLC.
(703) 473-8815
Listed By:
Sonal Grover · License #0225254688
(703) 473-8815
Source:
Kerishull
Added: Aug 14
Changed: Aug 31
Last Checked: Aug 30 at 11:03PM
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 Spring Hill Real Estate, LLC.
Investment Insights
Based on property information with market context.
This two-level condominium contains 1,506 square feet with two bedrooms and two full bathrooms. The main floor includes a living room with fireplace, an eat-in kitchen, a primary bedroom with an attached bath, and a balcony. A lower-level media room provides additional interior space that can function as an office, lounge, or living area. The property was built in 2000.
The unit includes one assigned parking space plus a guest parking pass. Community amenities include a clubhouse, fitness center, and swimming pool. Restaurants, retail, Walmart, a Metro station, and a gym are described as walkable from the property, while Wolf Trap National Park for the Performing Arts is a short drive away.
The unit includes one assigned parking space plus a guest parking pass. Community amenities include a clubhouse, fitness center, and swimming pool. Restaurants, retail, Walmart, a Metro station, and a gym are described as walkable from the property, while Wolf Trap National Park for the Performing Arts is a short drive away.
Key Highlights
- 1,506‑square‑foot condominium with two bedrooms and two full bathrooms
- Two‑level layout with lower‑level media room suitable for office, lounge, or living use
- Main‑level primary bedroom includes an attached bath and balcony
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
$22,543
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
4.17%
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%
$450,860
$450.9K
Cap Rate 7%
$322,043
$322.0K
Cap Rate 9%
$250,478
$250.5K
Market Conditions
NOI Build-Up for 1,506 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
$43.4K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$41.0K $27.22/SF
− OpEx
−$18.4K −$12.25/SF
NOI
$22.5K $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%
$450,860
Cap Rate 7%
$322,043
Cap Rate 9%
$250,478
Alternative Uses
Best Use
Apartment 5plus
$322.0K
$281.8K – $375.7K
NOI $22,543 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.31M
$5.52M – $7.36M
NOI $441,894 @ 7.0% cap · market cap 81.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 22182, VA
27,778
Population
10,285
Households
2.7
Avg Household Size
42
Median Age
82%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,222
Density / Sq Mi
$200,038
Median Household Income
$102,749
Median Earnings
$2,618
Median Rent
$1,086,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium offers flexible living and work areas with community amenities and dedicated parking.
Where is this residential income property located?
The property is located at 8850 ASHGROVE HOUSE LANE Unit 101 Vienna, VA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 1,506‑square‑foot condominium with two bedrooms and two full bathrooms; Two‑level layout with lower‑level media room suitable for office, lounge, or living use; Main‑level primary bedroom includes an attached bath and balcony
