Residential Income Property with
15120 HEATHER MILL LANE Unit 401, Haymarket, VA 20169
For Sale
$529,000
Three bedrooms, two full bathrooms, and an oversized heated garage are part of this 55+ community residence.
Property Size1,800 SF
Price / SF$293.89
Days on Market15
Property Features for 15120 HEATHER MILL LANE Unit 401
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
indoor pool
outdoor pool
restaurant
clubs
activities
recreational trails
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Kerri Bryn Ralston · License VA #0225235142
(703) 350-8086
Source:
Kerishull
Added: Nov 1
Changed: Nov 14
Last Checked: Nov 14 at 2:20PM
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 2016 residence offers three bedrooms and two full bathrooms in a corner position on the top floor. The open living and dining areas connect to a covered balcony, while hardwood flooring extends through the main spaces and third bedroom. The kitchen includes white quartz counters, stainless steel appliances, a breakfast bar, and an adjoining dining area. A primary suite has a sitting area, walk-in closet, and private bath; two other bedrooms are separated from the suite. An oversized heated garage is attached to the building, with driveway space for another vehicle. Interior features also include a fireplace, in-unit laundry, and storage shelving.
The home is within Regency at Dominion Valley, a 55+ community with a clubhouse, indoor and outdoor pools, a restaurant, organized activities, and recreational trails. Golf memberships are available. The building backs to wooded grounds with walking trails, and visitor parking is nearby.
The home is within Regency at Dominion Valley, a 55+ community with a clubhouse, indoor and outdoor pools, a restaurant, organized activities, and recreational trails. Golf memberships are available. The building backs to wooded grounds with walking trails, and visitor parking is nearby.
Key Highlights
- Top‑floor corner residence with three bedrooms and two full bathrooms
- Oversized heated garage attached to the building, plus driveway space for another vehicle
- Covered balcony and hardwood flooring in main living areas and third bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,200
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,000
$484.0K
Cap Rate 7%
$345,714
$345.7K
Cap Rate 9%
$268,889
$268.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$45.4K $25.20/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$44.0K $24.44/SF
− OpEx
−$19.8K −$11.00/SF
NOI
$24.2K $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%
$484,000
Cap Rate 7%
$345,714
Cap Rate 9%
$268,889
Alternative Uses
Best Use
Apartment 5plus
$345.7K
$302.5K – $403.3K
NOI $24,200 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$528.6K
$462.6K – $616.7K
NOI $37,004 @ 7.0% cap · market cap 7.00%
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
215
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 - Three bedrooms, two full bathrooms, and an oversized heated garage are part of this 55+ community residence.
Where is this residential income property located?
The property is located at 15120 HEATHER MILL LANE Unit 401 Haymarket, VA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Top‑floor corner residence with three bedrooms and two full bathrooms; Oversized heated garage attached to the building, plus driveway space for another vehicle; Covered balcony and hardwood flooring in main living areas and third bedroom
