Renovated Residential
9254 CARDINAL FOREST LANE Unit 302, Lorton, VA 22079
For Sale
$419,900
A covered balcony overlooks trees, and every bedroom has its own en-suite bathroom.
Property Size1,256 SF
Price / SF$334.32
Days on Market53
Property Features for 9254 CARDINAL FOREST LANE Unit 302
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered balcony
parking
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Donna Chong · License #225211217
(703) 863-4438
Source:
Irvinrealtyllc
Added: Sep 18
Changed: Oct 30
Last Checked: Nov 8 at 8:43AM
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 1,256-square-foot residence, built in 1993, has undergone a complete renovation. The kitchen features new cabinetry and appliances, along with quartz countertops. Luxury vinyl plank flooring runs throughout, with no carpet. Each bedroom has a private en-suite bathroom, and the home also includes a covered balcony facing trees. Plentiful parking is available.
The property is in Lorton, with access to I-95 and Route 1. The Lorton VRE station and Franconia-Springfield Metro are also noted as transportation connections, and Washington, D.C., is within reach.
The property is in Lorton, with access to I-95 and Route 1. The Lorton VRE station and Franconia-Springfield Metro are also noted as transportation connections, and Washington, D.C., is within reach.
Key Highlights
- Complete renovation throughout the 1,256‑square‑foot residence
- Kitchen updated with new cabinetry, appliances, and quartz countertops
- Every bedroom has an en‑suite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,801
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,020
$376.0K
Cap Rate 7%
$268,586
$268.6K
Cap Rate 9%
$208,900
$208.9K
Market Conditions
NOI Build-Up for 1,256 SF
Gross rent
$36.2K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.2K $27.22/SF
− OpEx
−$15.4K −$12.25/SF
NOI
$18.8K $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%
$376,020
Cap Rate 7%
$268,586
Cap Rate 9%
$208,900
Alternative Uses
Best Use
Apartment 5plus
$268.6K
$235.0K – $313.4K
NOI $18,801 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$697.6K
$610.4K – $813.9K
NOI $48,833 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
445
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 - A covered balcony overlooks trees, and every bedroom has its own en-suite bathroom.
Where is this residential income property located?
The property is located at 9254 CARDINAL FOREST LANE Unit 302 Lorton, VA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Complete renovation throughout the 1,256‑square‑foot residence; Kitchen updated with new cabinetry, appliances, and quartz countertops; Every bedroom has an en‑suite bathroom
