Residential Income Property with
For Sale
$484,999
24660 WOOLLY MAMMOTH TERRACE Unit 305, Aldie, VA 20105
Updated condominium residence with elevator access, secure entry, and a spacious interior layout.
Property Size1,712 SF
Price / SF$283.29
Days on Market75
Property Features for 24660 WOOLLY MAMMOTH TERRACE Unit 305
General Information
Standard status
Active
Size
1,712 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,728
Amenities
fireplace
hardwood flooring
new wood flooring
freshly painted walls
granite countertops
stainless steel appliances
double oven
under cabinet lighting
walk-in pantry with custom wood shelving
office space
en suite bathroom
double sinks
walk-in shower
walk-in closet
professionally installed shelves
decorative blinds
tiled bathrooms
secure entry call box
trash room
mailboxes
Building Details
Building Size
1,712 SF
Year Built
2014
Listing Agency:
RE/MAX Realty Group
(301) 928-1772
Listed By:
Anthony Golden · License #0225055174
(301) 928-1772
Source:
Kerishull
Added: Jun 17
Changed: Aug 29
Last Checked: Aug 29 at 7:17PM
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 RE/MAX Realty Group
Investment Insights
Based on property information with market context.
This 2014 condominium residence offers 1,712 square feet with three bedrooms, two full bathrooms, and a dedicated office. The open interior includes hardwood and newer wood flooring, freshly painted walls, decorative blinds, tiled bathrooms, and a fireplace. The kitchen is equipped with granite countertops, stainless steel appliances, a double oven, under-cabinet lighting, slide-out lower-cabinet organizers, and an oversized walk-in pantry with custom shelving.
The owner's suite includes a private bathroom with double sinks, a walk-in shower, and a large walk-in closet fitted with shelving and rods. The second bedroom also has professionally installed storage. Building amenities include elevator service, a secure entry call box, interior mailboxes, and a trash room. The property also includes an extra-large one-car garage, and the outside AC unit was replaced in 2024. The residence is near shops, restaurants, Loudoun County public schools, and Dulles South Recreation and Community Center.
The owner's suite includes a private bathroom with double sinks, a walk-in shower, and a large walk-in closet fitted with shelving and rods. The second bedroom also has professionally installed storage. Building amenities include elevator service, a secure entry call box, interior mailboxes, and a trash room. The property also includes an extra-large one-car garage, and the outside AC unit was replaced in 2024. The residence is near shops, restaurants, Loudoun County public schools, and Dulles South Recreation and Community Center.
Key Highlights
- 1,712‑square‑foot condominium residence built in 2014
- Three bedrooms, two full bathrooms, and a dedicated office
- Kitchen with granite counters, stainless appliances, double oven, and oversized walk‑in pantry
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
$26,700
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
5.51%
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%
$534,000
$534.0K
Cap Rate 7%
$381,429
$381.4K
Cap Rate 9%
$296,667
$296.7K
Market Conditions
NOI Build-Up for 1,712 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
$52.0K $30.36/SF
− Vacancy
−$3.4K −$2.00/SF
EGI
$48.5K $28.36/SF
− OpEx
−$21.8K −$12.76/SF
NOI
$26.7K $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%
$534,000
Cap Rate 7%
$381,429
Cap Rate 9%
$296,667
Alternative Uses
Best Use
Apartment 5plus
$381.4K
$333.8K – $445.0K
NOI $26,700 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$536.5K
$469.5K – $626.0K
NOI $37,557 @ 7.0% cap · market cap 7.74%
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
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 20105, VA
34,475
Population
10,600
Households
3.3
Avg Household Size
34
Median Age
71%
College-Educated
96%
High-School Grad
35.7 sq mi
ZIP Area
966
Density / Sq Mi
$202,775
Median Household Income
$91,871
Median Earnings
$2,745
Median Rent
$807,400
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 elevator access, secure entry, and a spacious interior layout.
Where is this residential income property located?
The property is located at 24660 WOOLLY MAMMOTH TERRACE Unit 305 Aldie, VA.
What is the asking price?
The asking price for this property is $484,999.
What are key features of this property?
This property features: 1,712‑square‑foot condominium residence built in 2014; Three bedrooms, two full bathrooms, and a dedicated office; Kitchen with granite counters, stainless appliances, double oven, and oversized walk‑in pantry
