Residential Income Property with
For Sale
$530,000
23235 MILLTOWN KNOLL SQUARE Unit 107, Ashburn, VA 20148
Three-level townhome-style condominium with private outdoor space, dual bedroom suites, and access to extensive community amenities.
Property Size1,452 SF
Price / SF$365.01
Days on Market46
Property Features for 23235 MILLTOWN KNOLL SQUARE Unit 107
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,757
Amenities
balcony
swimming pools
fitness centers
clubhouses
parks
playgrounds
walking trails
Building Details
Building Size
1,452 SF
Year Built
2019
Listing Agency:
Pearson Smith Realty, LLC
(703) 203-9756
Listed By:
John Karasinski · License #0225252580
(703) 203-9756
Source:
Kerishull
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 29 at 3:26PM
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 Pearson Smith Realty, LLC
Investment Insights
Based on property information with market context.
This 1,452-square-foot townhome-style condominium was built in 2019 and spans three levels. The residence includes two bedroom suites, each with a private full bathroom and closet space, along with a laundry room located near the bedrooms. The main level combines a granite-finished kitchen with stainless steel appliances, extensive cabinetry, dining space, and living space, plus a powder room. A bonus room at the entry level provides additional interior flexibility. The property also features an attached walk-in garage, private driveway, and balcony positioned toward wooded acreage.
Residents of Loudoun Valley Estates II have access to three swimming pools, two fitness centers, clubhouses, parks, playgrounds, and walking trails. The home is near Ashburn Silver Line Metro, Brambleton Town Center, shopping, dining, and major commuter routes.
Residents of Loudoun Valley Estates II have access to three swimming pools, two fitness centers, clubhouses, parks, playgrounds, and walking trails. The home is near Ashburn Silver Line Metro, Brambleton Town Center, shopping, dining, and major commuter routes.
Key Highlights
- 1,452 SF townhome‑style condominium built in 2019
- Three‑level layout with two bedroom suites and private full baths
- Attached walk‑in garage, private driveway, and balcony facing wooded acreage
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
$22,645
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
4.27%
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%
$452,900
$452.9K
Cap Rate 7%
$323,500
$323.5K
Cap Rate 9%
$251,611
$251.6K
Market Conditions
NOI Build-Up for 1,452 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
$44.1K $30.36/SF
− Vacancy
−$2.9K −$2.00/SF
EGI
$41.2K $28.36/SF
− OpEx
−$18.5K −$12.76/SF
NOI
$22.6K $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%
$452,900
Cap Rate 7%
$323,500
Cap Rate 9%
$251,611
Alternative Uses
Best Use
Apartment 5plus
$323.5K
$283.1K – $377.4K
NOI $22,645 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$455.0K
$398.2K – $530.9K
NOI $31,853 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 20148, VA
61,793
Population
20,413
Households
3
Avg Household Size
34
Median Age
77%
College-Educated
97%
High-School Grad
19.4 sq mi
ZIP Area
3,185
Density / Sq Mi
$233,502
Median Household Income
$119,027
Median Earnings
$2,647
Median Rent
$843,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-level townhome-style condominium with private outdoor space, dual bedroom suites, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 23235 MILLTOWN KNOLL SQUARE Unit 107 Ashburn, VA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 1,452 SF townhome‑style condominium built in 2019; Three‑level layout with two bedroom suites and private full baths; Attached walk‑in garage, private driveway, and balcony facing wooded acreage
