Single-Level Residential Income
For Sale
$849,000
43446 CROSON LANE Unit 300, Ashburn, VA 20148
Third-floor condominium with direct elevator access, a private garage, and a covered balcony overlooking community amenities.
Property Size2,285 SF
Days on Market141
Property Features for 43446 CROSON LANE Unit 300
General Information
Standard status
Active
Size
2,285 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Additional Details
Asking Price
$849,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,206
Amenities
clubhouse
fitness center
outdoor pool
walking paths
green spaces
Building Details
Building Size
2,285 SF
Year Built
2022
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Joe Adas · License #0225246221
(571) 246-2455
Source:
Barnesrealestatecompany
Added: May 7
Changed: Sep 21
Last Checked: Sep 22 at 9:10PM
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 Pearson Smith Realty, LLC
Investment Insights
Based on property information with market context.
Completed in 2022, this third-floor, single-level condominium offers three bedrooms, a private office or den, and 2.5 bathrooms. The open living, dining, and kitchen arrangement includes a quartz island, upgraded cabinetry, backsplash, stainless steel appliances, hardwood flooring, recessed lighting, and 10-foot ceilings. The primary suite adds a sitting area, two walk-in closets, and a bathroom with designer tile and a freestanding Kohler soaking tub.
A semi-private elevator opens directly into the residence, while the private two-car garage provides dedicated parking. Large windows and a covered balcony face the community clubhouse and outdoor pool. The property is near the Ashburn Metro Silver Line Station, Loudoun Station, Southern Walk Plaza, and Washington Dulles International Airport. Community amenities include a clubhouse with fitness center, outdoor pool, walking paths, and green spaces.
A semi-private elevator opens directly into the residence, while the private two-car garage provides dedicated parking. Large windows and a covered balcony face the community clubhouse and outdoor pool. The property is near the Ashburn Metro Silver Line Station, Loudoun Station, Southern Walk Plaza, and Washington Dulles International Airport. Community amenities include a clubhouse with fitness center, outdoor pool, walking paths, and green spaces.
Key Highlights
- Three‑bedroom condominium with a private office or den and 2.5 bathrooms
- Built in 2022 with 10‑foot ceilings and hardwood flooring throughout
- Semi‑private elevator opens directly to the residence
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
$35,637
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
4.20%
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%
$712,740
$712.7K
Cap Rate 7%
$509,100
$509.1K
Cap Rate 9%
$395,967
$396.0K
Market Conditions
NOI Build-Up for 2,285 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
$69.4K $30.36/SF
− Vacancy
−$4.6K −$2.00/SF
EGI
$64.8K $28.36/SF
− OpEx
−$29.2K −$12.76/SF
NOI
$35.6K $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%
$712,740
Cap Rate 7%
$509,100
Cap Rate 9%
$395,967
Alternative Uses
Best Use
Apartment 5plus
$509.1K
$445.5K – $594.0K
NOI $35,637 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$716.1K
$626.6K – $835.5K
NOI $50,127 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
256
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor condominium with direct elevator access, a private garage, and a covered balcony overlooking community amenities.
Where is this residential income property located?
The property is located at 43446 CROSON LANE Unit 300 Ashburn, VA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three‑bedroom condominium with a private office or den and 2.5 bathrooms; Built in 2022 with 10‑foot ceilings and hardwood flooring throughout; Semi‑private elevator opens directly to the residence
