Two-Bedroom Condominium with
For Sale
$414,900
15100 HEATHER MILL LANE #304, Haymarket, VA 20169
The home includes a separate dining area, in-unit laundry, and a private balcony in a gated active adult community.
Property Size1,499 SF
Days on Market152
Property Features for 15100 HEATHER MILL LANE #304
General Information
Standard status
Active
Size
1,499 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
restaurant
fitness center
indoor pool
outdoor pool
tennis courts
pickleball courts
walking trails
golf courses
Building Details
Building Size
1,499 SF
Year Built
2016
Listing Agency:
Ross Real Estate
Listed By:
Layne Jensen
(540) 351-0922
Source:
Vwolpert.kw
Added: May 30
Changed: Oct 26
Last Checked: Oct 26 at 3:12PM
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 Ross Real Estate
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Investment Insights
Based on property information with market context.
Built in 2016, this two-bedroom, two-bath condominium features a kitchen with granite counters, ample cabinetry, and stainless steel appliances. The living area opens to a private balcony, while the primary suite has a walk-in shower, double vanity, and linen storage. A second bedroom and bathroom are located across the home, alongside the laundry room.
Regency at Dominion Valley is a gated active adult community with indoor and outdoor pools, a fitness center, tennis and pickleball courts, walking trails, and a community restaurant. Residents also have access to organized activities and the opportunity to join either of two golf courses. Landscaping, snow removal, water, sewer, trash, high-speed internet, and cable television are included. A grocery store is within walking distance.
Regency at Dominion Valley is a gated active adult community with indoor and outdoor pools, a fitness center, tennis and pickleball courts, walking trails, and a community restaurant. Residents also have access to organized activities and the opportunity to join either of two golf courses. Landscaping, snow removal, water, sewer, trash, high-speed internet, and cable television are included. A grocery store is within walking distance.
Key Highlights
- Two bedrooms and two bathrooms in a condominium built in 2016
- Private balcony accessed from the living area
- Kitchen with granite counters, extensive cabinetry, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,153
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,060
$403.1K
Cap Rate 7%
$287,900
$287.9K
Cap Rate 9%
$223,922
$223.9K
Market Conditions
NOI Build-Up for 1,499 SF
Gross rent
$37.8K $25.20/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$36.6K $24.44/SF
− OpEx
−$16.5K −$11.00/SF
NOI
$20.2K $13.44/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,060
Cap Rate 7%
$287,900
Cap Rate 9%
$223,922
Alternative Uses
Best Use
Apartment 5plus
$287.9K
$251.9K – $335.9K
NOI $20,153 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$440.2K
$385.2K – $513.6K
NOI $30,816 @ 7.0% cap · market cap 7.43%
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
222
Businesses Nearby
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Business Placement
Demographics for 20169, VA
28,182
Population
9,511
Households
3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
37.4 sq mi
ZIP Area
754
Density / Sq Mi
$198,317
Median Household Income
$87,869
Median Earnings
$2,809
Median Rent
$676,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home includes a separate dining area, in-unit laundry, and a private balcony in a gated active adult community.
Where is this residential income property located?
The property is located at 15100 HEATHER MILL LANE #304 Haymarket, VA.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in a condominium built in 2016; Private balcony accessed from the living area; Kitchen with granite counters, extensive cabinetry, and stainless steel appliances
