Updated Residential Income
For Sale
$345,000
Pending
512 SUNSET VIEW TERRACE SE #202, Leesburg, VA 20175
Condominium residence with refreshed interiors, private balcony views, and access to gated community amenities.
Property Size804 SF
Days on Market102
Property Features for 512 SUNSET VIEW TERRACE SE #202
General Information
Standard status
Pending
Size
804 SF
Property subtype
Apartment
Building Details
Building Size
804 SF
Year Built
2005
Listing Agency:
Redfin Corporation
(703) 665-6665
Listed By:
Rheema H Ziadeh · License #0225207886
(703) 665-6665
Source:
Kdrealtygroup.kw
Added: May 22
Changed: Aug 29
Last Checked: Aug 30 at 1:17PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This condominium residence at 512 Sunset View Terrace SE #202 offers an open interior with a welcoming foyer, abundant daylight, and updated finishes. Improvements include built-in shelving, neutral wall colors, wood trim, upgraded flooring, and newer lighting. The kitchen combines granite worktops, a tile backsplash, breakfast bar, and large pantry. A spacious primary suite includes a walk-in closet and private bath with dual vanities, while the separate laundry room contains a full-size washer and dryer. A balcony accessible from the living room and bedroom overlooks wooded surroundings.
The property is within the gated Stratford Club community in Leesburg, Virginia. Community features include a pool, fitness room, and clubhouse. The location provides access to the Toll Road and Route 7, with shopping, dining, recreation centers, the public library, and the WO&D Trail nearby. Built in 2005.
The property is within the gated Stratford Club community in Leesburg, Virginia. Community features include a pool, fitness room, and clubhouse. The location provides access to the Toll Road and Route 7, with shopping, dining, recreation centers, the public library, and the WO&D Trail nearby. Built in 2005.
Key Highlights
- Condominium at 512 Sunset View Terrace SE #202, Leesburg, VA 20175
- Gated Stratford Club community with pool, fitness room, and clubhouse
- Updated flooring, lighting, built‑in shelving, wood trim, and neutral paint
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
$12,539
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
3.63%
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%
$250,780
$250.8K
Cap Rate 7%
$179,129
$179.1K
Cap Rate 9%
$139,322
$139.3K
Market Conditions
NOI Build-Up for 804 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
$24.4K $30.36/SF
− Vacancy
−$1.6K −$2.00/SF
EGI
$22.8K $28.36/SF
− OpEx
−$10.3K −$12.76/SF
NOI
$12.5K $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%
$250,780
Cap Rate 7%
$179,129
Cap Rate 9%
$139,322
Alternative Uses
Best Use
Apartment 5plus
$179.1K
$156.7K – $209.0K
NOI $12,539 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$252.0K
$220.5K – $294.0K
NOI $17,638 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Condominium residence with refreshed interiors, private balcony views, and access to gated community amenities.
Where is this residential income property located?
The property is located at 512 SUNSET VIEW TERRACE SE #202 Leesburg, VA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Condominium at 512 Sunset View Terrace SE #202, Leesburg, VA 20175; Gated Stratford Club community with pool, fitness room, and clubhouse; Updated flooring, lighting, built‑in shelving, wood trim, and neutral paint
