Updated Residential Income
For Sale
$490,000
19365 CYPRESS RIDGE TERRACE Unit 1115, Leesburg, VA 20176
Eleventh-floor condominium with Potomac River views, indoor garage parking, and extensive community amenities.
Property Size1,475 SF
Price / SF$332.20
Days on Market175
Property Features for 19365 CYPRESS RIDGE TERRACE Unit 1115
General Information
Standard status
Active
Size
1,475 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,354
Building Details
Building Size
1,475 SF
Year Built
2004
Listing Agency:
Compass
Listed By:
Karen A Miller · License #0225209126
(703) 622-8838
Source:
Kerishull
Added: Mar 13
Changed: Aug 31
Last Checked: Sep 1 at 10:30PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,475-square-foot condominium was built in 2004 and occupies the 11th floor of a gated 55+ community. The residence has an open living and dining area, hardwood flooring, a kitchen with quartz counters and stainless steel appliances, three bedrooms, and two updated bathrooms. The primary suite includes a walk-in closet and en-suite bath, while the third bedroom has built-in office furniture and storage. An enclosed sunroom extends the living area and captures views toward the Potomac River and surrounding greenery. The sale includes an indoor garage space and a separate storage unit.
Community facilities include an indoor pool, fitness center, library, ceramics and art studios, woodworking shop, tennis courts, and organized social activities. The property also offers gated access with 24/7 security and is located near shopping, dining, and medical facilities.
Community facilities include an indoor pool, fitness center, library, ceramics and art studios, woodworking shop, tennis courts, and organized social activities. The property also offers gated access with 24/7 security and is located near shopping, dining, and medical facilities.
Key Highlights
- 1,475‑square‑foot condominium on the 11th floor
- Panoramic views toward the Potomac River, community grounds, and greenery
- Indoor garage space 7‑100 conveys with the unit
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
$23,004
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
4.69%
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%
$460,080
$460.1K
Cap Rate 7%
$328,629
$328.6K
Cap Rate 9%
$255,600
$255.6K
Market Conditions
NOI Build-Up for 1,475 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
$44.8K $30.36/SF
− Vacancy
−$3.0K −$2.00/SF
EGI
$41.8K $28.36/SF
− OpEx
−$18.8K −$12.76/SF
NOI
$23.0K $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%
$460,080
Cap Rate 7%
$328,629
Cap Rate 9%
$255,600
Alternative Uses
Best Use
Apartment 5plus
$328.6K
$287.6K – $383.4K
NOI $23,004 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$462.3K
$404.5K – $539.3K
NOI $32,358 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,517
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 - Eleventh-floor condominium with Potomac River views, indoor garage parking, and extensive community amenities.
Where is this residential income property located?
The property is located at 19365 CYPRESS RIDGE TERRACE Unit 1115 Leesburg, VA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 1,475‑square‑foot condominium on the 11th floor; Panoramic views toward the Potomac River, community grounds, and greenery; Indoor garage space 7‑100 conveys with the unit
