Potomac River-View Income
For Sale
$585,000
19365 CYPRESS RIDGE TERRACE #907, Leesburg, VA 20176
End-unit residence in a 55+ community with updated systems, multiple exposures, and expansive water views.
Property Size1,720 SF
Price / SF$340.12
Days on Market110
Property Features for 19365 CYPRESS RIDGE TERRACE #907
General Information
Standard status
Active
Size
1,720 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Furnished
No
Amenities
fitness center
indoor pool
tennis
pickleball
theatre
salon
24-hour security
Security System
Forced Air
Central A/C
Stainless Steel Appliances
Built-In Microwave
Dryer
Washer
Dishwasher
Disposal
Refrigerator
Icemaker
Oven/Range - Electric
Cable TV Available, Electric Available, Natural Gas Available, PhoneConnected, Sewer Available, Under Ground, Water Available
Building Details
Year Built
2004
Stories
11
Listing Agency:
Loudoun Gateway
(703) 618-6892
Listed By:
Kim Spear · License #0225077886
(703) 618-6892
Source:
Kw
Added: Apr 22
Changed: Aug 9
Last Checked: Aug 9 at 10:52AM
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 Loudoun Gateway
Investment Insights
Based on property information with market context.
This 1,720-square-foot end-unit residential income property at Potomac Ridge includes three bedrooms, two and a half bathrooms, and windows on multiple sides. Hardwood flooring extends through the bedrooms and primary living areas, while the foyer features Emperador Marble. The kitchen includes black granite counters, ceramic tile, generous cabinetry, and stainless steel appliances. A tiled sunroom adds flexible indoor space with direct Potomac River views. The primary suite has multiple closets, including a walk-in closet, and the hallway laundry area provides additional storage.
Built in 2004, the property has a 1-year-old HVAC system, fresh interior paint, new kitchen range and microwave, and brand-new remote-controlled sunroom blinds. Lansdowne Woods is a 55+ community with indoor and outdoor recreational amenities, fitness classes, tennis, pickleball, creative studios, a theatre, an on-site salon, and more than 40 clubs. Community services include internet, cable TV, water, trash removal, window washing, bus service, and 24-hour security. The property is near Dulles Airport, One Loudoun, Ashburn, Leesburg, and major commuter routes.
Built in 2004, the property has a 1-year-old HVAC system, fresh interior paint, new kitchen range and microwave, and brand-new remote-controlled sunroom blinds. Lansdowne Woods is a 55+ community with indoor and outdoor recreational amenities, fitness classes, tennis, pickleball, creative studios, a theatre, an on-site salon, and more than 40 clubs. Community services include internet, cable TV, water, trash removal, window washing, bus service, and 24-hour security. The property is near Dulles Airport, One Loudoun, Ashburn, Leesburg, and major commuter routes.
Key Highlights
- 1,720 SF end‑unit layout with windows on multiple sides
- Three bedrooms and 2.5 bathrooms
- Unobstructed Potomac River views from the residence and sunroom
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
$26,825
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
4.59%
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%
$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
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
$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 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%
$536,500
Cap Rate 7%
$383,214
Cap Rate 9%
$298,056
Alternative Uses
Best Use
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,825 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$539.0K
$471.7K – $628.9K
NOI $37,733 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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 - End-unit residence in a 55+ community with updated systems, multiple exposures, and expansive water views.
Where is this residential income property located?
The property is located at 19365 CYPRESS RIDGE TERRACE #907 Leesburg, VA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,720 SF end‑unit layout with windows on multiple sides; Three bedrooms and 2.5 bathrooms; Unobstructed Potomac River views from the residence and sunroom
