Top-Floor Residential Income
New
For Sale
$729,900
23669 GOLDEN EMBERS SQUARE Unit 403, Ashburn, VA 20148
Updated condominium residence with a private garage, covered balcony, custom closet, and access to extensive active-adult amenities.
Property Size2,148 SF
Days on Market3
Property Features for 23669 GOLDEN EMBERS SQUARE Unit 403
General Information
Standard status
Active
Size
2,148 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,293
Amenities
private covered balcony
clubhouse
indoor pool
outdoor pool
fitness center
pickleball courts
tennis courts
walking trails
social clubs
Verizon FiOS TV and high-speed internet
Building Details
Building Size
2,148 SF
Year Built
2022
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 629-1112
Listed By:
Mike Cole · License #0225210592
(703) 629-1112
Source:
Barnesrealestatecompany
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 9 at 7:34AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 2022, this top-floor condominium residence offers three bedrooms, two full baths, and a study converted into a custom walk-in closet. The open layout connects the kitchen, dining area, and great room, while a covered balcony extends the living space. A private one-car garage includes built-in shelving and is paired with a full driveway and nearby guest parking.
The kitchen is equipped with marble countertops, Level 5 cabinetry, a Thermador gas cooktop, oversized island, custom tile backsplash, pendant lighting, and pantry storage. The primary suite includes two walk-in closets and a renovated walk-in shower; the additional full bath has also been remodeled. Fresh paint, premium LVP flooring, upgraded carpet, designer lighting, ceiling fans, and a second refrigerator in the laundry room complete the improvements.
The Birchwood at Brambleton community offers an award-winning clubhouse, indoor and outdoor pools, fitness facilities, pickleball and tennis courts, walking trails, social clubs, and scheduled activities. Shopping, dining, healthcare, the Silver Line Metro, and major commuter routes are minutes away. Monthly condominium fees include Verizon Fios TV and high-speed internet.
The kitchen is equipped with marble countertops, Level 5 cabinetry, a Thermador gas cooktop, oversized island, custom tile backsplash, pendant lighting, and pantry storage. The primary suite includes two walk-in closets and a renovated walk-in shower; the additional full bath has also been remodeled. Fresh paint, premium LVP flooring, upgraded carpet, designer lighting, ceiling fans, and a second refrigerator in the laundry room complete the improvements.
The Birchwood at Brambleton community offers an award-winning clubhouse, indoor and outdoor pools, fitness facilities, pickleball and tennis courts, walking trails, social clubs, and scheduled activities. Shopping, dining, healthcare, the Silver Line Metro, and major commuter routes are minutes away. Monthly condominium fees include Verizon Fios TV and high-speed internet.
Key Highlights
- Top‑floor condominium residence built in 2022
- Three bedrooms, two full baths, plus a study converted to a custom walk‑in closet
- Private one‑car garage with built‑in shelving and full driveway
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
$33,500
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%
$670,000
$670.0K
Cap Rate 7%
$478,571
$478.6K
Cap Rate 9%
$372,222
$372.2K
Market Conditions
NOI Build-Up for 2,148 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
$65.2K $30.36/SF
− Vacancy
−$4.3K −$2.00/SF
EGI
$60.9K $28.36/SF
− OpEx
−$27.4K −$12.76/SF
NOI
$33.5K $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%
$670,000
Cap Rate 7%
$478,571
Cap Rate 9%
$372,222
Alternative Uses
Best Use
Apartment 5plus
$478.6K
$418.8K – $558.3K
NOI $33,500 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$673.2K
$589.0K – $785.4K
NOI $47,122 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
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 - Updated condominium residence with a private garage, covered balcony, custom closet, and access to extensive active-adult amenities.
Where is this residential income property located?
The property is located at 23669 GOLDEN EMBERS SQUARE Unit 403 Ashburn, VA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Top‑floor condominium residence built in 2022; Three bedrooms, two full baths, plus a study converted to a custom walk‑in closet; Private one‑car garage with built‑in shelving and full driveway
