Top-Floor Residential Income
For Sale
$594,900
23650 HAVELOCK WALK TERRACE Unit 407, Ashburn, VA 20148
Corner-unit residence with three bedrooms, flexible bonus space, and a covered private balcony.
Property Size1,507 SF
Price / SF$394.76
Days on Market47
Property Features for 23650 HAVELOCK WALK TERRACE Unit 407
General Information
Standard status
Active
Size
1,507 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,972
Amenities
covered private balcony
double depth garage
Full EV Charger
pet washing station
indoor and outdoor pools
fitness centers
pickleball and bocce courts
scenic walking trails
clubhouse
billiards room
lake
Building Details
Building Size
1,507 SF
Year Built
2023
Listing Agency:
Pearson Smith Realty, LLC
(703) 589-3584
Listed By:
Katherine Forno · License #0225180937
(703) 589-3584
Source:
Kerishull
Added: Jul 16
Changed: Aug 31
Last Checked: Aug 31 at 1:30AM
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 2023 top-floor corner residence offers 1,507 square feet of living space with an open layout, extra-high ceilings, and abundant natural light. The main living area connects to a kitchen with hardwood flooring, crown molding, stainless steel appliances, upgraded countertops, extensive cabinetry, and a center island. A covered balcony extends the living area outdoors. The primary suite includes two walk-in closets with built-in systems and an en suite bathroom with an oversized Roman shower. Two additional bedrooms and a flexible room provide additional interior options.
The property includes a double-depth garage with a full EV charger, 240/AC outlet, modern connector, direct building access, and a pet-washing station. Birchwood at Brambleton is a 55+ active adult community with indoor and outdoor pools, two fitness centers, pickleball and bocce courts, walking trails, clubhouse areas, a billiards room, and a lake. Harris Teeter, Paris Baguette, restaurants, a library, a movie theater, Dulles International Airport, and major commuter routes are nearby.
The property includes a double-depth garage with a full EV charger, 240/AC outlet, modern connector, direct building access, and a pet-washing station. Birchwood at Brambleton is a 55+ active adult community with indoor and outdoor pools, two fitness centers, pickleball and bocce courts, walking trails, clubhouse areas, a billiards room, and a lake. Harris Teeter, Paris Baguette, restaurants, a library, a movie theater, Dulles International Airport, and major commuter routes are nearby.
Key Highlights
- 1,507‑square‑foot top‑floor corner residence built in 2023
- Three bedrooms plus a flexible room for office, lounge, reading, or studio use
- Primary suite with 2 walk‑in closets and an en suite Roman shower
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
$23,503
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
3.95%
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%
$470,060
$470.1K
Cap Rate 7%
$335,757
$335.8K
Cap Rate 9%
$261,144
$261.1K
Market Conditions
NOI Build-Up for 1,507 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
$45.8K $30.36/SF
− Vacancy
−$3.0K −$2.00/SF
EGI
$42.7K $28.36/SF
− OpEx
−$19.2K −$12.76/SF
NOI
$23.5K $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%
$470,060
Cap Rate 7%
$335,757
Cap Rate 9%
$261,144
Alternative Uses
Best Use
Apartment 5plus
$335.8K
$293.8K – $391.7K
NOI $23,503 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.3K
$413.3K – $551.0K
NOI $33,060 @ 7.0% cap · market cap 5.56%
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 - Corner-unit residence with three bedrooms, flexible bonus space, and a covered private balcony.
Where is this residential income property located?
The property is located at 23650 HAVELOCK WALK TERRACE Unit 407 Ashburn, VA.
What is the asking price?
The asking price for this property is $594,900.
What are key features of this property?
This property features: 1,507‑square‑foot top‑floor corner residence built in 2023; Three bedrooms plus a flexible room for office, lounge, reading, or studio use; Primary suite with 2 walk‑in closets and an en suite Roman shower
