Building Details

Building Size 1,720 SF

Year Built 2006

Listing Agency: Alexandria - Old Town

Listed By: Gina Baum · License #0225198614 Show Phone

Source: Kw

Added: Dec 1, 2025 Changed: Sep 29 Last Checked: Oct 5 at 5:17PM

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Investment Insights

Based on property information with market context.

A residential apartment located in Leesburg, Virginia, is available for sale. The property is identified as unit #1006 at 19355 CYPRESS RIDGE TER TERRACE.

Key Highlights

• Leesburg, VA Location
• Apartment Style Property
• Built in 2006

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,825

Cap Rate

4.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$536,500 $536.5K

Cap Rate 7%

$383,214 $383.2K

Cap Rate 9%

$298,056 $298.1K

Market Conditions

NOI Build-Up for 1,720 SF

Gross rent

$52.2K $30.36/SF

− Vacancy

−$3.4K −$2.00/SF

EGI

$48.8K $28.36/SF

− OpEx

−$21.9K −$12.76/SF

NOI

$26.8K $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 Rate 5%

$536,500

Cap Rate 7%

$383,214

Cap Rate 9%

$298,056

Alternative Uses

Best Use

Apartment 5plus

$383.2K

$335.3K – $447.1K (±1% cap)

NOI $26,825 @ 7.0% cap · market cap 4.67%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$539.0K

$471.7K – $628.9K (±1% cap)

NOI $37,733 @ 7.0% cap · market cap 6.56%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Riverview at Lansdowne Woods ... Condominium Complex

Suggested Use

Top Pick Real Estate Agency Tech Support Center Pet Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment in Leesburg, VA available for purchase.

Where is this apartment building located?

The property is located at 19355 CYPRESS RIDGE TER TERRACE #1006 Leesburg, VA.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Leesburg, VA Location; Apartment Style Property; Built in 2006