Residential Income Property with
For Sale
$485,000
20816 NOBLE TERRACE Unit 210, Sterling, VA 20165
A three-bedroom condominium in a 55+ community includes a private patio and a flexible room suited to office use.
Property Size1,989 SF
Price / SF$243.84
Days on Market28
Property Features for 20816 NOBLE TERRACE Unit 210
General Information
Standard status
Active
Size
1,989 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,762
Amenities
fireplace
private patio
eat-in kitchen
updated en-suite bath
walk-in closets
laundry/utility room
garage
Building Details
Building Size
1,989 SF
Year Built
2005
Listing Agency:
Compass
Listed By:
Horse Farms & Country Homes
(703) 966-9480
Source:
Horsefarmsandcountryhomes
Added: Sep 30
Changed: Oct 26
Last Checked: Oct 26 at 3:59PM
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 2005-built condominium has three bedrooms, an open floor plan, an eat-in kitchen, and a fireplace. The primary suite includes a refreshed en-suite bathroom and walk-in closets. A second bedroom and a third flexible room provide additional interior options, alongside a laundry and utility room.
The property also includes a garage, a private patio, and a separate private entrance. It is located in a 55+ community.
The property also includes a garage, a private patio, and a separate private entrance. It is located in a 55+ community.
Key Highlights
- Three‑bedroom condominium in a 55+ community
- Built in 2005
- Open floor plan with fireplace and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,020
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,400
$620.4K
Cap Rate 7%
$443,143
$443.1K
Cap Rate 9%
$344,667
$344.7K
Market Conditions
NOI Build-Up for 1,989 SF
Gross rent
$60.4K $30.36/SF
− Vacancy
−$4.0K −$2.00/SF
EGI
$56.4K $28.36/SF
− OpEx
−$25.4K −$12.76/SF
NOI
$31.0K $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%
$620,400
Cap Rate 7%
$443,143
Cap Rate 9%
$344,667
Alternative Uses
Best Use
Apartment 5plus
$443.1K
$387.8K – $517.0K
NOI $31,020 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$623.3K
$545.4K – $727.2K
NOI $43,634 @ 7.0% cap · market cap 9.00%
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
238
Businesses Nearby
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Business Placement
Demographics for 20165, VA
33,777
Population
12,283
Households
2.7
Avg Household Size
39
Median Age
67%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
3,447
Density / Sq Mi
$185,594
Median Household Income
$83,463
Median Earnings
$2,480
Median Rent
$661,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom condominium in a 55+ community includes a private patio and a flexible room suited to office use.
Where is this residential income property located?
The property is located at 20816 NOBLE TERRACE Unit 210 Sterling, VA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three‑bedroom condominium in a 55+ community; Built in 2005; Open floor plan with fireplace and eat‑in kitchen
