Updated Residential Income
For Sale
$335,000
514 SUNSET VIEW #207, Leesburg, VA 20175
Bright, low-maintenance residence with upgraded interiors, extensive storage, and access to gated community amenities.
Property Size804 SF
Days on Market59
Property Features for 514 SUNSET VIEW #207
General Information
Standard status
Active
Size
804 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
outdoor pool
clubhouse with business/workspace
fitness center
playgrounds
outdoor grilling areas
landscaped gardens with fountains
private covered balcony
Building Details
Building Size
804 SF
Year Built
2005
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Diana L Geremia
(540) 338-1350
Source:
Kdrealtygroup.kw
Added: Jul 15
Changed: Sep 5
Last Checked: Sep 11 at 4:31AM
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.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath residential income property at 514 SUNSET VIEW #207 features an open living arrangement with tall ceilings, hardwood flooring, fresh paint, and new carpet. The kitchen includes granite counters, cabinetry, a tile backsplash, pantry, and bar-height seating connected to the living and dining areas. Additional interior features include a foyer with ceramic tile and built-in shelving, a walk-in bedroom closet, dual bathroom vanities, a soaking tub, and a laundry room. A covered balcony faces a wooded setting. The property was built in 2005 and has received several recent updates, including HVAC in 2024, a hot water heater and garbage disposal in 2025, a microwave in 2026, and a dishwasher and washer/dryer in 2022.
Community amenities include an outdoor pool, clubhouse with business/workspace, fitness center, playgrounds, grilling areas, landscaped gardens, and fountains. Open, unassigned parking is available within the gated community and near the clubhouse. The property is minutes from shopping, restaurants, major commuter routes, and historic downtown Leesburg.
Community amenities include an outdoor pool, clubhouse with business/workspace, fitness center, playgrounds, grilling areas, landscaped gardens, and fountains. Open, unassigned parking is available within the gated community and near the clubhouse. The property is minutes from shopping, restaurants, major commuter routes, and historic downtown Leesburg.
Key Highlights
- One‑bedroom, one‑bath property built in 2005
- Updated HVAC in 2024; hot water heater and garbage disposal replaced in 2025
- Kitchen with granite counters, tile backsplash, pantry, and bar‑height seating
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
3.74%
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 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$252.0K
$220.5K – $294.0K
NOI $17,638 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright, low-maintenance residence with upgraded interiors, extensive storage, and access to gated community amenities.
Where is this residential income property located?
The property is located at 514 SUNSET VIEW #207 Leesburg, VA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath property built in 2005; Updated HVAC in 2024; hot water heater and garbage disposal replaced in 2025; Kitchen with granite counters, tile backsplash, pantry, and bar‑height seating
