Remodeled Residential Income
New
For Sale
$674,900
19360 MAGNOLIA GROVE SQUARE Unit 414, Leesburg, VA 20176
Fourth-floor condominium with open living areas, renovated kitchen and bathroom, assigned garage parking, storage, and golf-course views.
Property Size1,930 SF
Price / SF$349.69
Days on Market5
Property Features for 19360 MAGNOLIA GROVE SQUARE Unit 414
General Information
Standard status
Active
Size
1,930 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,684
Building Details
Building Size
1,930 SF
Year Built
2003
Listing Agency:
Samson Properties
(703) 627-1999
Listed By:
Andrew M Norton
(703) 627-1999
Source:
Kerishull
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 30 at 8:23PM
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
Investment Insights
Based on property information with market context.
This 1,930-square-foot condominium occupies the fourth floor of a center stack in a secure, controlled-access building constructed in 2003. The open layout connects the living, dining, and kitchen areas, with a fully remodeled kitchen featuring extensive cabinetry and counter space. A built-in bar serves the living area, while the remodeled primary bathroom complements a bedroom oriented toward the fountain and common grounds.
The residence overlooks a pond, golf course, and surrounding green space, with the Potomac River visible in the distance. Included features are an assigned underground parking space and separate storage area. The property is within Lansdowne Woods, a gated 55-and-better community offering clubhouse access, fitness facilities, indoor and outdoor pools, landscaped grounds, security, classes, shows, and organized activities.
The residence overlooks a pond, golf course, and surrounding green space, with the Potomac River visible in the distance. Included features are an assigned underground parking space and separate storage area. The property is within Lansdowne Woods, a gated 55-and-better community offering clubhouse access, fitness facilities, indoor and outdoor pools, landscaped grounds, security, classes, shows, and organized activities.
Key Highlights
- 1,930 square feet on the fourth floor
- Views of the pond, golf course, green space, and distant Potomac River
- Fully remodeled kitchen with extensive cabinetry and counter space
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
$30,100
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
4.46%
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%
$602,000
$602.0K
Cap Rate 7%
$430,000
$430.0K
Cap Rate 9%
$334,444
$334.4K
Market Conditions
NOI Build-Up for 1,930 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
$58.6K $30.36/SF
− Vacancy
−$3.9K −$2.00/SF
EGI
$54.7K $28.36/SF
− OpEx
−$24.6K −$12.76/SF
NOI
$30.1K $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%
$602,000
Cap Rate 7%
$430,000
Cap Rate 9%
$334,444
Alternative Uses
Best Use
Apartment 5plus
$430.0K
$376.3K – $501.7K
NOI $30,100 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$604.8K
$529.2K – $705.7K
NOI $42,339 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fourth-floor condominium with open living areas, renovated kitchen and bathroom, assigned garage parking, storage, and golf-course views.
Where is this residential income property located?
The property is located at 19360 MAGNOLIA GROVE SQUARE Unit 414 Leesburg, VA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 1,930 square feet on the fourth floor; Views of the pond, golf course, green space, and distant Potomac River; Fully remodeled kitchen with extensive cabinetry and counter space
