Residential Income Property with Rooftop
New
For Sale
$707,000
43445 OLD RYAN ROAD, Ashburn, VA 20148
Contemporary three-bedroom home with designer finishes, private outdoor space, and access to extensive community amenities.
Property Size2,500 SF
Price / SF$282.80
Days on Market5
Property Features for 43445 OLD RYAN ROAD
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
resort-style pool
fitness center
clubhouse
playground
rooftop terrace
Building Details
Building Size
2,500 SF
Year Built
2026
Listing Agency:
Toll Brothers Real Estate Inc.
(703) 623-3462
Listed By:
Carla C Brown
(703) 623-3462
Source:
Kerishull
Added: Aug 10
Changed: Aug 14
Last Checked: Aug 14 at 12:53PM
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 Toll Brothers Real Estate Inc.
Investment Insights
Based on property information with market context.
This residential income property is a contemporary three-bedroom, 2.5-bath home with a one-car garage and an open interior layout. The kitchen includes white cabinetry, quartz countertops, a full-height backsplash, center island, brass hardware, and KitchenAid stainless steel appliances. A butler’s pantry adds cabinetry and a secondary sink beside the dining area. Wide-plank luxury vinyl flooring and an open oak staircase continue throughout the home. The primary suite features a tray ceiling, walk-in closet, dual vanities, and an oversized shower. A bedroom-level laundry room is equipped with a Whirlpool front-load washer and dryer, upper cabinetry, a utility sink, and quartz counters.
Outdoor living extends to a northwest-facing rooftop terrace. Community amenities include a resort-style pool, fitness center, clubhouse, and playground. The home is within a short walk of Ashburn Metro Station and is scheduled for completion in October 2026.
Outdoor living extends to a northwest-facing rooftop terrace. Community amenities include a resort-style pool, fitness center, clubhouse, and playground. The home is within a short walk of Ashburn Metro Station and is scheduled for completion in October 2026.
Key Highlights
- Three‑bedroom, 2.5‑bath home with a one‑car garage
- Northwest‑facing rooftop terrace for outdoor dining and entertaining
- Kitchen with quartz surfaces, center island, butler’s pantry, and KitchenAid stainless steel appliances
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
$38,990
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%
$779,800
$779.8K
Cap Rate 7%
$557,000
$557.0K
Cap Rate 9%
$433,222
$433.2K
Market Conditions
NOI Build-Up for 2,500 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
$75.9K $30.36/SF
− Vacancy
−$5.0K −$2.00/SF
EGI
$70.9K $28.36/SF
− OpEx
−$31.9K −$12.76/SF
NOI
$39.0K $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%
$779,800
Cap Rate 7%
$557,000
Cap Rate 9%
$433,222
Alternative Uses
Best Use
Apartment 5plus
$557.0K
$487.4K – $649.8K
NOI $38,990 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$783.5K
$685.6K – $914.1K
NOI $54,844 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
880
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 - Contemporary three-bedroom home with designer finishes, private outdoor space, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 43445 OLD RYAN ROAD Ashburn, VA.
What is the asking price?
The asking price for this property is $707,000.
What are key features of this property?
This property features: Three‑bedroom, 2.5‑bath home with a one‑car garage; Northwest‑facing rooftop terrace for outdoor dining and entertaining; Kitchen with quartz surfaces, center island, butler’s pantry, and KitchenAid stainless steel appliances
