Updated Residential Income
For Sale
$470,000
Pending
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
Days on Market223
Property Features for 19365 CYPRESS RIDGE TERRACE Unit 1115
General Information
Standard status
Pending
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: Oct 17
Last Checked: Oct 19 at 1:03PM
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
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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 / Yr
$23,004
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
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
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 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 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$462.3K
$404.5K – $539.3K
NOI $32,358 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
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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
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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 $470,000.
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
