Renovated Residential Income
New
For Sale
$367,000
503 SUNSET VIEW TERRACE SE #404, Leesburg, VA 20175
Penthouse residence with a loft, private balcony, updated finishes, and access to extensive community amenities.
Property Size992 SF
Price / SF$369.96
Days on Market4
Property Features for 503 SUNSET VIEW TERRACE SE #404
General Information
Standard status
Active
Size
992 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA with loft
Multifamily Units
1
Amenities
private balcony
24-hour security
pool
fitness center
clubhouse
Building Details
Building Size
992 SF
Year Built
2005
Year Renovated
2022
Listing Agency:
Real Broker, LLC
Listed By:
Louis Casciano II · License #0225037918
(855) 450-0442
Source:
Kdrealtygroup.kw
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 6 at 4:01AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This 992-square-foot penthouse unit at Westchester at Stratford includes one bedroom, one bathroom, and a loft within an open-concept layout. The 2005 residence was renovated in 2022 and features a kitchen with stainless steel appliances, subway tile, and upgraded granite countertops. Vaulted ceilings, crown molding, recessed lighting, a custom shadowbox wall, and wall sconces add detail throughout the interior. A private balcony extends the living area outdoors.
Community amenities include 24-hour security, a pool, fitness center, and clubhouse. The property is located at 503 Sunset View Terrace SE #404 in Leesburg, Virginia, with access to major transportation routes and an airport approximately 10 miles away.
Community amenities include 24-hour security, a pool, fitness center, and clubhouse. The property is located at 503 Sunset View Terrace SE #404 in Leesburg, Virginia, with access to major transportation routes and an airport approximately 10 miles away.
Key Highlights
- 992 SF penthouse unit with one bedroom, one bathroom, and a loft
- Renovated in 2022; original construction dates to 2005
- Kitchen includes stainless steel appliances, subway tile, and upgraded granite countertops
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
$15,471
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
4.22%
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%
$309,420
$309.4K
Cap Rate 7%
$221,014
$221.0K
Cap Rate 9%
$171,900
$171.9K
Market Conditions
NOI Build-Up for 992 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
$30.1K $30.36/SF
− Vacancy
−$2.0K −$2.00/SF
EGI
$28.1K $28.36/SF
− OpEx
−$12.7K −$12.76/SF
NOI
$15.5K $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%
$309,420
Cap Rate 7%
$221,014
Cap Rate 9%
$171,900
Alternative Uses
Best Use
Apartment 5plus
$221.0K
$193.4K – $257.9K
NOI $15,471 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$310.9K
$272.0K – $362.7K
NOI $21,762 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 20175, VA
33,245
Population
12,695
Households
2.6
Avg Household Size
38
Median Age
64%
College-Educated
94%
High-School Grad
59.0 sq mi
ZIP Area
563
Density / Sq Mi
$168,035
Median Household Income
$80,588
Median Earnings
$2,039
Median Rent
$717,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Penthouse residence with a loft, private balcony, updated finishes, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 503 SUNSET VIEW TERRACE SE #404 Leesburg, VA.
What is the asking price?
The asking price for this property is $367,000.
What are key features of this property?
This property features: 992 SF penthouse unit with one bedroom, one bathroom, and a loft; Renovated in 2022; original construction dates to 2005; Kitchen includes stainless steel appliances, subway tile, and upgraded granite countertops
