Residential Income Property with
19385 CYPRESS RIDGE TER #920, Leesburg, VA 20176
For Sale
$450,000
LEESBURG, VA
Property Size1,475 SF
Price / SF$305.08
Days on Market260
Property Features for 19385 CYPRESS RIDGE TER #920
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Amenities
fitness center
indoor pool
sun deck
saunas
restaurant
woodshop
art studio
tennis courts
walking paths
garden plots
Building Details
Year built
Listing Agency:
Reston
(703) 437-3800
Listed By:
Karen Kell
Added: Feb 28
Changed: Oct 27
Last Checked: Nov 14 at 1:06AM
MLS# VALO2107774
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 19385 Cypress Ridge Ter #920 in Leesburg, this 1,475-square-foot condominium offers three bedrooms and two bathrooms on the 9th floor. The interior includes an open living area, dining room, sunroom, private primary suite, walk-in closet with organizer, and an ensuite bathroom with a separate shower, dual-sink vanity, and tub. The residence also includes two additional bedrooms, a second bathroom, and organized closet storage.
Residents of Lansdowne Woods have access to a 48,000-square-foot, two-story clubhouse with a fitness center, indoor pool, sun deck, saunas, restaurant, woodshop, and art studio. Additional community amenities include a summer patio, tennis courts, walking paths, and garden plots. The home was built in 1998 and overlooks the Virginia landscape from its elevated position.
Residents of Lansdowne Woods have access to a 48,000-square-foot, two-story clubhouse with a fitness center, indoor pool, sun deck, saunas, restaurant, woodshop, and art studio. Additional community amenities include a summer patio, tennis courts, walking paths, and garden plots. The home was built in 1998 and overlooks the Virginia landscape from its elevated position.
Key Highlights
- 1,475‑square‑foot condominium with 3 bedrooms and 2 bathrooms
- 9th‑floor residence with 270‑degree views of the Virginia landscape
- Sunroom connected to the open living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,004
Cap Rate
5.11%
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 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$462.3K
$404.5K – $539.3K
NOI $32,358 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 - Spacious condominium residence in a 55+ community with expansive views, resort-style amenities, and a private primary suite.
Where is this residential income property located?
The property is located at 19385 CYPRESS RIDGE TER #920 Leesburg, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,475‑square‑foot condominium with 3 bedrooms and 2 bathrooms; 9th‑floor residence with 270‑degree views of the Virginia landscape; Sunroom connected to the open living and dining areas
