Updated Residential Income
For Sale
$568,900
1855 STRATFORD PARK PLACE Unit 103, Reston, VA 20190
Two-bedroom condominium with renovated finishes, private patio, underground parking, and community amenities near Reston Metro.
Property Size1,055 SF
Price / SF$539.24
Days on Market60
Property Features for 1855 STRATFORD PARK PLACE Unit 103
General Information
Standard status
Active
Size
1,055 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,563
Amenities
pool
clubhouse
office area
library
gym
showers
Building Details
Building Size
1,055 SF
Year Built
2000
Listing Agency:
Coldwell Banker Realty
(703) 623-5614
Listed By:
Christine E Meade · License #0225048726
(703) 623-5614
Source:
Kerishull
Added: Jul 2
Changed: Aug 28
Last Checked: Aug 29 at 3:47PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,055-square-foot condominium, built in 2000, offers an open interior with two bedrooms and two bathrooms. Recent improvements include new LVP flooring, updated paint, and a renovated gas fireplace. The kitchen features white cabinetry, marble countertops, under-cabinet lighting, and gas cooking, while the primary suite includes a walk-in closet and bath with double vanity and steam shower. A private patio extends from the living room, and the unit includes underground parking and storage.
Residents have access to a community pool, clubhouse, library, gym, showers, and office area. The condominium is located at 1855 Stratford Park Place Unit 103 in Reston, Virginia, within Reston Town Center and less than a mile from Reston Metro. A side exit provides convenient outdoor access, and the community is pet friendly.
Residents have access to a community pool, clubhouse, library, gym, showers, and office area. The condominium is located at 1855 Stratford Park Place Unit 103 in Reston, Virginia, within Reston Town Center and less than a mile from Reston Metro. A side exit provides convenient outdoor access, and the community is pet friendly.
Key Highlights
- 1,055‑square‑foot condominium built in 2000
- Two‑bedroom, two‑bathroom layout with open living areas
- Kitchen with marble countertops, gas cooking, and under‑cabinet 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
$16,454
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
2.89%
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%
$329,080
$329.1K
Cap Rate 7%
$235,057
$235.1K
Cap Rate 9%
$182,822
$182.8K
Market Conditions
NOI Build-Up for 1,055 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
$32.0K $30.36/SF
− Vacancy
−$2.1K −$2.00/SF
EGI
$29.9K $28.36/SF
− OpEx
−$13.5K −$12.76/SF
NOI
$16.5K $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%
$329,080
Cap Rate 7%
$235,057
Cap Rate 9%
$182,822
Alternative Uses
Best Use
Apartment 5plus
$235.1K
$205.7K – $274.2K
NOI $16,454 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$330.6K
$289.3K – $385.7K
NOI $23,144 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,348
Businesses Nearby
Explore this area
Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with renovated finishes, private patio, underground parking, and community amenities near Reston Metro.
Where is this residential income property located?
The property is located at 1855 STRATFORD PARK PLACE Unit 103 Reston, VA.
What is the asking price?
The asking price for this property is $568,900.
What are key features of this property?
This property features: 1,055‑square‑foot condominium built in 2000; Two‑bedroom, two‑bathroom layout with open living areas; Kitchen with marble countertops, gas cooking, and under‑cabinet lighting
