Renovated Residential Income
For Sale
$375,000
1101 HUNTMASTER TERRACE NE #201, Leesburg, VA 20176
Updated two-bedroom residence with renovated baths, a modern kitchen, and community recreation amenities.
Property Size984 SF
Days on Market91
Property Features for 1101 HUNTMASTER TERRACE NE #201
General Information
Standard status
Active
Size
984 SF
Property subtype
Apartment
Building Details
Building Size
984 SF
Year Built
1988
Stories
3
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Scott Calvin Gettier Jr.
(703) 378-8810
Source:
Kdrealtygroup.kw
Added: Jun 3
Changed: Aug 31
Last Checked: Sep 1 at 2:40PM
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
Investment Insights
Based on property information with market context.
This 984-square-foot residential income property is configured with two bedrooms and two bathrooms. A 2023 renovation refreshed the interior with new flooring and baseboards, remodeled bathrooms, and a redesigned kitchen featuring new cabinetry, countertops, appliances, hardware, and lighting. The living room includes an electric fireplace with stone veneer and a wood mantle, while a custom dry bar adds cabinetry, a natural stone counter, and a beer/wine refrigerator.
The property is located near Route 15, downtown Leesburg, and Route 7, with access to shopping, dining, and commuter routes. Community amenities include a pool, tennis and basketball facilities, and playgrounds. Water and recurring trash service are included in the monthly condominium association dues. Parking includes two resident spaces, including one reserved space, plus one guest parking pass. The building was constructed in 1988.
The property is located near Route 15, downtown Leesburg, and Route 7, with access to shopping, dining, and commuter routes. Community amenities include a pool, tennis and basketball facilities, and playgrounds. Water and recurring trash service are included in the monthly condominium association dues. Parking includes two resident spaces, including one reserved space, plus one guest parking pass. The building was constructed in 1988.
Key Highlights
- 984 SF residential property with 2 bedrooms and 2 bathrooms
- Interior renovation completed in 2023
- Updated kitchen with new cabinets, counters, appliances, hardware, and lighting
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
$15,346
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
4.09%
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%
$306,920
$306.9K
Cap Rate 7%
$219,229
$219.2K
Cap Rate 9%
$170,511
$170.5K
Market Conditions
NOI Build-Up for 984 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
$29.9K $30.36/SF
− Vacancy
−$2.0K −$2.00/SF
EGI
$27.9K $28.36/SF
− OpEx
−$12.6K −$12.76/SF
NOI
$15.3K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /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%
$306,920
Cap Rate 7%
$219,229
Cap Rate 9%
$170,511
Alternative Uses
Best Use
Apartment 5plus
$219.2K
$191.8K – $255.8K
NOI $15,346 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$308.4K
$269.8K – $359.8K
NOI $21,587 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 20176, VA
51,777
Population
17,044
Households
3
Avg Household Size
38
Median Age
59%
College-Educated
94%
High-School Grad
54.9 sq mi
ZIP Area
943
Density / Sq Mi
$166,870
Median Household Income
$67,473
Median Earnings
$2,089
Median Rent
$702,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom residence with renovated baths, a modern kitchen, and community recreation amenities.
Where is this residential income property located?
The property is located at 1101 HUNTMASTER TERRACE NE #201 Leesburg, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 984 SF residential property with 2 bedrooms and 2 bathrooms; Interior renovation completed in 2023; Updated kitchen with new cabinets, counters, appliances, hardware, and lighting
