Residential Income Property with Smart
For Sale
$589,000
43100 THOROUGHFARE GAP TERRACE, Ashburn, VA 20148
Upper-level condo living with an open layout, gourmet kitchen, smart-home upgrades, and community recreation amenities.
Property Size2,452 SF
Price / SF$240.21
Days on Market28
Property Features for 43100 THOROUGHFARE GAP TERRACE
General Information
Standard status
Active
Size
2,452 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,601
Building Details
Building Size
2,452 SF
Year Built
2018
Listing Agency:
Redfin Corporation
(703) 200-1135
Listed By:
Rheema H Ziadeh · License #0225207886
(703) 200-1135
Source:
Kerishull
Added: Aug 3
Changed: Aug 29
Last Checked: Aug 29 at 8:10PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This 2,452-square-foot upper-level, townhome-style condominium was built in 2018 and features an open interior with abundant natural light. The main living areas connect the kitchen, dining space, and gathering areas, while the kitchen includes white cabinetry, stainless steel appliances, quartz countertops, a tile backsplash, and a large center island. The residence includes three bedrooms, an owner’s suite with a walk-in closet and spa-style bath, two additional bedrooms, a full hall bathroom, and upper-level laundry. Smart-home improvements include connected entry locks, Kasa TP-Link switches, and an Ecobee thermostat.
Residents of Loudoun Valley have access to pools, fitness centers, parks, trails, tennis courts, pickleball courts, and playgrounds. The property is in Ashburn near Walmart, Target, Harris Teeter, Brambleton Regional Park, Legacy Park, Hal & Berni Hanson Regional Park, Brambleton Town Center, Ashburn Metro Station, Dulles Greenway, and major commuter routes.
Residents of Loudoun Valley have access to pools, fitness centers, parks, trails, tennis courts, pickleball courts, and playgrounds. The property is in Ashburn near Walmart, Target, Harris Teeter, Brambleton Regional Park, Legacy Park, Hal & Berni Hanson Regional Park, Brambleton Town Center, Ashburn Metro Station, Dulles Greenway, and major commuter routes.
Key Highlights
- 2,452‑square‑foot upper‑level townhome‑style condominium
- Built in 2018 with an open‑concept interior and abundant natural light
- Gourmet kitchen with quartz countertops, stainless steel appliances, and oversized center island
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
$38,241
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
6.49%
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%
$764,820
$764.8K
Cap Rate 7%
$546,300
$546.3K
Cap Rate 9%
$424,900
$424.9K
Market Conditions
NOI Build-Up for 2,452 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
$74.4K $30.36/SF
− Vacancy
−$4.9K −$2.00/SF
EGI
$69.5K $28.36/SF
− OpEx
−$31.3K −$12.76/SF
NOI
$38.2K $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%
$764,820
Cap Rate 7%
$546,300
Cap Rate 9%
$424,900
Alternative Uses
Best Use
Apartment 5plus
$546.3K
$478.0K – $637.4K
NOI $38,241 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$768.4K
$672.4K – $896.5K
NOI $53,791 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
285
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 - Upper-level condo living with an open layout, gourmet kitchen, smart-home upgrades, and community recreation amenities.
Where is this residential income property located?
The property is located at 43100 THOROUGHFARE GAP TERRACE Ashburn, VA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 2,452‑square‑foot upper‑level townhome‑style condominium; Built in 2018 with an open‑concept interior and abundant natural light; Gourmet kitchen with quartz countertops, stainless steel appliances, and oversized center island
