Renovated Two-Unit Office
New
For Sale
$899,900
104 LOUDOUN St SW, Leesburg, VA 20175
Two renovated office condominium units totaling approximately 1,619 SF, offered together as one complete purchase.
Property Size1,619 SF
Price / SF$555.84
Days on Market3
Property Features for 104 LOUDOUN St SW
General Information
Standard status
Active
Size
1,619 SF
Property subtype
Commercial
Additional Details
HOA Fee
$540
Office Units
2
Building Details
Year Built
2018
Year Renovated
2019
Listing Agency:
Keller Williams Realty Falls Church
(540) 842-0300
Listed By:
Kevin P Clement · License #0225227208
(540) 842-0300
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 7:21PM
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 Keller Williams Realty Falls Church
Investment Insights
Based on property information with market context.
This offering includes two renovated commercial condominium office units offered together as one complete purchase. Unit 001 is located at 104 Loudoun Street SW and is approximately 755 square feet (Tax ID 231378152001). Unit 101 is also at 104 Loudoun Street SW and is approximately 864 square feet (Tax ID 231378152002). The two units have been renovated in 2019 and are presented as a polished, professional commercial space. The property is set up to be sold together and will not be offered separately. The building was constructed in 2018.
Positioned in the heart of downtown Leesburg, the property is near the courthouse and surrounded by historic downtown activity. Two public parking garages are located nearby for convenient visitor and customer parking. Walk score is 70 (Very Walkable) and bike score is 69 (Bikeable).
Offered for an owner-user or investor, the combination of two contiguous office condominium units provides a practical configuration for professional use in a downtown address.
Positioned in the heart of downtown Leesburg, the property is near the courthouse and surrounded by historic downtown activity. Two public parking garages are located nearby for convenient visitor and customer parking. Walk score is 70 (Very Walkable) and bike score is 69 (Bikeable).
Offered for an owner-user or investor, the combination of two contiguous office condominium units provides a practical configuration for professional use in a downtown address.
Key Highlights
- Two office condominium units to be sold together: Unit 001 and Unit 101 at 104 Loudoun St SW
- Unit 001: approximately 755 SF (Tax ID 231378152001)
- Unit 101: approximately 864 SF (Tax ID 231378152002)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.8k | $29.52 |
| − Vacancy | −$6.9k | −$4.28 |
| EGI | $40.9k | $25.24 |
| − OpEx | −$10.2k | −$6.31 |
| NOI | $30.6k | $18.93 |
1,619 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.8K
$383.1K – $510.8K
NOI $30,647 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$507.4K
$444.0K – $592.0K
NOI $35,517 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
2,602
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two renovated office condominium units totaling approximately 1,619 SF, offered together as one complete purchase.
Where is this office units located?
The property is located at 104 LOUDOUN St SW Leesburg, VA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two office condominium units to be sold together: Unit 001 and Unit 101 at 104 Loudoun St SW; Unit 001: approximately 755 SF (Tax ID 231378152001); Unit 101: approximately 864 SF (Tax ID 231378152002)
