Two-Bedroom Condo
For Sale
$420,000
45485 CABOOSE TERRACE Unit 301, Sterling, VA 20166
The residence pairs private en-suite bathrooms with shared community recreation and convenient regional connections.
Property Size1,204 SF
Price / SF$348.84
Days on Market54
Property Features for 45485 CABOOSE TERRACE Unit 301
General Information
Standard status
Active
Size
1,204 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,183
Amenities
fireplace
balcony
in-unit laundry
clubhouse
swimming pool
walking trails
tot lot
Building Details
Building Size
1,204 SF
Year Built
1997
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Cynthia Schneider · License #0225136582
(703) 822-0207
Source:
Canopy-re
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 27 at 4:50AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,204-square-foot condominium in Sterling was built in 1997 and has two bedrooms, each with a walk-in closet and private en-suite bathroom. An open living and dining area is divided by a three-sided fireplace, while a sliding glass door opens to a Trex balcony. The kitchen has stainless steel appliances and a recently added backsplash. The unit also includes an LG stacked washer-dryer installed less than one year ago.
Route 28, Dulles Town Center, shopping, dining and Dulles International Airport are accessible from the property. Community amenities include a clubhouse, swimming pool, walking trails and a tot lot. The condo fee covers water and trash.
Route 28, Dulles Town Center, shopping, dining and Dulles International Airport are accessible from the property. Community amenities include a clubhouse, swimming pool, walking trails and a tot lot. The condo fee covers water and trash.
Key Highlights
- 1,204‑square‑foot two‑bedroom condominium in Sterling
- Two bedrooms, each with a walk‑in closet and en‑suite bathroom
- Three‑sided fireplace between living and dining areas; Trex balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,778
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,560
$375.6K
Cap Rate 7%
$268,257
$268.3K
Cap Rate 9%
$208,644
$208.6K
Market Conditions
NOI Build-Up for 1,204 SF
Gross rent
$36.6K $30.36/SF
− Vacancy
−$2.4K −$2.00/SF
EGI
$34.1K $28.36/SF
− OpEx
−$15.4K −$12.76/SF
NOI
$18.8K $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 Rate 5%
$375,560
Cap Rate 7%
$268,257
Cap Rate 9%
$208,644
Alternative Uses
Best Use
Apartment 5plus
$268.3K
$234.7K – $313.0K
NOI $18,778 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$377.3K
$330.2K – $440.2K
NOI $26,413 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 20166, VA
14,164
Population
5,300
Households
2.7
Avg Household Size
34
Median Age
66%
College-Educated
93%
High-School Grad
27.2 sq mi
ZIP Area
521
Density / Sq Mi
$135,246
Median Household Income
$71,855
Median Earnings
$2,227
Median Rent
$576,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence pairs private en-suite bathrooms with shared community recreation and convenient regional connections.
Where is this residential income property located?
The property is located at 45485 CABOOSE TERRACE Unit 301 Sterling, VA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,204‑square‑foot two‑bedroom condominium in Sterling; Two bedrooms, each with a walk‑in closet and en‑suite bathroom; Three‑sided fireplace between living and dining areas; Trex balcony
