Residential Income Condo with
For Sale
$425,000
512 SUNSET VIEW TERRACE SE #201, Leesburg, VA 20175
Gated-community condominium with three bedrooms, two full bathrooms, private balcony, and updated mechanical systems.
Property Size1,311 SF
Days on Market45
Property Features for 512 SUNSET VIEW TERRACE SE #201
General Information
Standard status
Active
Size
1,311 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
gated community
clubhouse
pool
playground
trash service
guest parking
Building Details
Building Size
1,311 SF
Year Built
2005
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Kristine Price · License #0225064951
(703) 378-8810
Source:
Kdrealtygroup.kw
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 29 at 5:45AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This three-bedroom, two-bathroom condominium combines a residential layout with features suited to income-property ownership. The main living area connects the kitchen, dining space, and family room, while the kitchen includes white cabinetry, glass-inlay accents, substantial counters, a pantry, and a breakfast bar. A gas fireplace, private balcony, nine-foot ceilings, and modern lighting add to the interior configuration. The unit also includes a full-size washer and dryer, dishwasher, and a tankless water heater installed in 2022, along with an updated heating and air-conditioning system.
An oversized detached one-car garage is positioned beneath the condominium and includes additional storage and a private driveway. Stratford Club is a gated community with a clubhouse, swimming pool, playground, trash service, and guest parking. The property is located just off the Dulles Greenway and minutes from downtown Leesburg.
An oversized detached one-car garage is positioned beneath the condominium and includes additional storage and a private driveway. Stratford Club is a gated community with a clubhouse, swimming pool, playground, trash service, and guest parking. The property is located just off the Dulles Greenway and minutes from downtown Leesburg.
Key Highlights
- Three‑bedroom, two‑full‑bathroom condominium
- Oversized detached one‑car garage with extra storage and private driveway
- 2022 tankless water heater plus updated heating and air‑conditioning system
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
$20,446
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
4.81%
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%
$408,920
$408.9K
Cap Rate 7%
$292,086
$292.1K
Cap Rate 9%
$227,178
$227.2K
Market Conditions
NOI Build-Up for 1,311 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
$39.8K $30.36/SF
− Vacancy
−$2.6K −$2.00/SF
EGI
$37.2K $28.36/SF
− OpEx
−$16.7K −$12.76/SF
NOI
$20.4K $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%
$408,920
Cap Rate 7%
$292,086
Cap Rate 9%
$227,178
Alternative Uses
Best Use
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,446 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$410.9K
$359.5K – $479.3K
NOI $28,760 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
235
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 - Gated-community condominium with three bedrooms, two full bathrooms, private balcony, and updated mechanical systems.
Where is this residential income property located?
The property is located at 512 SUNSET VIEW TERRACE SE #201 Leesburg, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑bedroom, two‑full‑bathroom condominium; Oversized detached one‑car garage with extra storage and private driveway; 2022 tankless water heater plus updated heating and air‑conditioning system
