Building Details

Building Size 1,524 SF

Year Built 2014

Listing Agency: Alluri Realty, Inc. Show Phone

Listed By: Chandrasekhar Rathnakaram · License #0225203427 Show Phone

Source: Kerishull

Added: Jul 31 Changed: Aug 30 Last Checked: Aug 30 at 11:14PM

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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 Alluri Realty, Inc.

Investment Insights

Based on property information with market context.

Located at 41895 Cathedral Valley Square Unit 401 in Aldie, Virginia, this condominium residence was built in 2014 and offers approximately 1,524 square feet. The three-bedroom, two-bathroom layout includes separate living and dining areas, a kitchen connected to both spaces, a primary suite with private bath, two additional bedrooms, a second full bathroom, and a laundry area. Hardwood flooring and stainless steel appliances are featured in the kitchen, which also provides cabinet and counter space.

Elevator service provides access to the unit, while the property includes assigned single-car garage parking. The residence offers access to shopping, dining, parks, Route 50, Route 28, the Dulles Greenway, and Dulles International Airport. Condominium and homeowners association services, amenities, and fees are governed by the applicable association documents.

Key Highlights

• Approximately 1,524 square feet with 3 bedrooms and 2 full bathrooms
• Primary bedroom includes an en‑suite bathroom and closet space
• Open kitchen connects with the living and dining areas

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

$23,768

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

4.86%

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%

$475,360 $475.4K

Cap Rate 7%

$339,543 $339.5K

Cap Rate 9%

$264,089 $264.1K

Market Conditions

NOI Build-Up for 1,524 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

$46.3K $30.36/SF

− Vacancy

−$3.1K −$2.00/SF

EGI

$43.2K $28.36/SF

− OpEx

−$19.4K −$12.76/SF

NOI

$23.8K $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%

$475,360

Cap Rate 7%

$339,543

Cap Rate 9%

$264,089

Alternative Uses

Best Use

Apartment 5plus

$339.5K

$297.1K – $396.1K (±1% cap)

NOI $23,768 @ 7.0% cap · market cap 4.86%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$477.6K

$417.9K – $557.2K (±1% cap)

NOI $33,433 @ 7.0% cap · market cap 6.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Residential income properties

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Real Estate Agency Catering Service Restaurant Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

25

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

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Frequently Asked Questions

What type of property is this?

Residential income property - Condominium residence with elevator access, an en-suite primary bedroom, stainless steel appliances, and assigned garage parking.

Where is this residential income property located?

The property is located at 41895 CATHEDRAL VALLEY SQUARE Unit 401 Aldie, VA.

What is the asking price?

The asking price for this property is $489,000.

What are key features of this property?

This property features: Approximately 1,524 square feet with 3 bedrooms and 2 full bathrooms; Primary bedroom includes an en‑suite bathroom and closet space; Open kitchen connects with the living and dining areas