Three-Bedroom
New
For Sale
$630,000
9430 SILVER KING COURT Unit 103, Fairfax, VA 22031
Residents have access to a fitness center, clubroom, outdoor grilling areas, and a fire pit.
Property Size1,501 SF
Price / SF$419.72
Days on Market5
Property Features for 9430 SILVER KING COURT Unit 103
General Information
Standard status
Active
Size
1,501 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,505
Amenities
fitness center
community clubroom
outdoor gathering spaces
grilling areas
fire pit
in-unit washer and dryer
storage unit
Building Details
Building Size
1,501 SF
Year Built
2017
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
MaryEllen Ragsdale · License #0225217211
(443) 521-1529
Source:
Barnesrealestatecompany
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 27 at 1:14AM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This single-level condominium at The Enclave has 1,501 square feet, three bedrooms, and two full bathrooms. Its open living and dining areas connect with a kitchen equipped with modern appliances. In-unit laundry, assigned underground garage parking, and a dedicated storage unit are also included. The building was constructed in 2017.
Community features include a fitness center, clubroom, maintained grounds, outdoor gathering areas, grilling stations, and a fire pit. The property is in Fairfax, with Old Town Fairfax, George Mason University, and local parks nearby. The Vienna/Fairfax-GMU Metro station, Route 50, and I-66 are accessible from the area.
Community features include a fitness center, clubroom, maintained grounds, outdoor gathering areas, grilling stations, and a fire pit. The property is in Fairfax, with Old Town Fairfax, George Mason University, and local parks nearby. The Vienna/Fairfax-GMU Metro station, Route 50, and I-66 are accessible from the area.
Key Highlights
- 1,501‑square‑foot, single‑level condominium
- Three bedrooms and two full bathrooms
- Built in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,468
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,360
$449.4K
Cap Rate 7%
$320,971
$321.0K
Cap Rate 9%
$249,644
$249.6K
Market Conditions
NOI Build-Up for 1,501 SF
Gross rent
$43.2K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$40.9K $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 Rate 5%
$449,360
Cap Rate 7%
$320,971
Cap Rate 9%
$249,644
Alternative Uses
Best Use
Apartment 5plus
$321.0K
$280.9K – $374.5K
NOI $22,468 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.29M
$5.51M – $7.34M
NOI $440,427 @ 7.0% cap · market cap 69.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 22031, VA
35,256
Population
15,390
Households
2.3
Avg Household Size
36
Median Age
72%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,966
Density / Sq Mi
$129,743
Median Household Income
$74,178
Median Earnings
$2,267
Median Rent
$710,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a fitness center, clubroom, outdoor grilling areas, and a fire pit.
Where is this residential income property located?
The property is located at 9430 SILVER KING COURT Unit 103 Fairfax, VA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 1,501‑square‑foot, single‑level condominium; Three bedrooms and two full bathrooms; Built in 2017
