Penthouse Residential Income
New
For Sale
$1,075,000
19276 WINMEADE DRIVE, Leesburg, VA 20176
Top-floor residence with private elevator access, rooftop entertaining space, and direct access to town center amenities.
Property Size3,170 SF
Price / SF$339.12
Days on Market6
Property Features for 19276 WINMEADE DRIVE
General Information
Standard status
Active
Size
3,170 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$5,769
Amenities
private rooftop deck
pool
fitness center
dog park
Building Details
Building Size
3,170 SF
Year Built
2018
Listing Agency:
Keller Williams Realty
Listed By:
Jean K Garrell · License #0225094186
(703) 599-1178
Source:
Kerishull
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 21 at 8:15AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 3,170-square-foot top-floor residence, built in 2018, combines private elevator access with an extensive interior renovation. The elevator connects the private two-car garage directly to the home, while the open great room features high ceilings, abundant windows, luxury vinyl plank flooring, recessed lighting, and new blinds. The remodeled kitchen includes quartz countertops, a marble tile backsplash, updated appliances, a redesigned island, and two beverage refrigerators. Both bathrooms and the laundry area have also been upgraded, with additional cabinetry throughout the residence.
A private rooftop deck provides panoramic views and an indoor-outdoor gas fireplace for year-round entertaining or relaxation. Nearby guest parking supplements the garage. Shops, restaurants, grocery shopping, coffee, personal services, pet care, and seasonal events are within walking distance at Lansdowne Town Center. Residents also have access to a pool, fitness center, dog park, common areas, and nearby trails, with Route 7, One Loudoun, downtown Leesburg, Lansdowne Resort, golf courses, and multiple grocery destinations within easy reach.
A private rooftop deck provides panoramic views and an indoor-outdoor gas fireplace for year-round entertaining or relaxation. Nearby guest parking supplements the garage. Shops, restaurants, grocery shopping, coffee, personal services, pet care, and seasonal events are within walking distance at Lansdowne Town Center. Residents also have access to a pool, fitness center, dog park, common areas, and nearby trails, with Route 7, One Loudoun, downtown Leesburg, Lansdowne Resort, golf courses, and multiple grocery destinations within easy reach.
Key Highlights
- 3,170‑square‑foot top‑floor residence built in 2018
- Private elevator runs from the two‑car garage directly to the residence
- Private rooftop deck with panoramic views and indoor‑outdoor gas fireplace
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
$49,439
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
4.60%
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%
$988,780
$988.8K
Cap Rate 7%
$706,271
$706.3K
Cap Rate 9%
$549,322
$549.3K
Market Conditions
NOI Build-Up for 3,170 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
$96.2K $30.36/SF
− Vacancy
−$6.4K −$2.00/SF
EGI
$89.9K $28.36/SF
− OpEx
−$40.5K −$12.76/SF
NOI
$49.4K $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%
$988,780
Cap Rate 7%
$706,271
Cap Rate 9%
$549,322
Alternative Uses
Best Use
Apartment 5plus
$706.3K
$618.0K – $824.0K
NOI $49,439 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$993.5K
$869.3K – $1.16M
NOI $69,542 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
532
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor residence with private elevator access, rooftop entertaining space, and direct access to town center amenities.
Where is this residential income property located?
The property is located at 19276 WINMEADE DRIVE Leesburg, VA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 3,170‑square‑foot top‑floor residence built in 2018; Private elevator runs from the two‑car garage directly to the residence; Private rooftop deck with panoramic views and indoor‑outdoor gas fireplace
