Two-Unit Office
New
For Sale
$899,900
104 LOUDOUN Street SW, Leesburg, VA 20175
Commercial Sale - LEESBURG, VA
Property Size1,619 SF
Lot Size0.04 Acres
Price / SF$555.84
Days on Market5
Property Features for 104 LOUDOUN Street SW
General Information
Property type
Other
Property subtype
Retail
Parking features
On Street, Garage
Elementary school district
LOUDOUN COUNTY PUBLIC SCHOOLS
Middle school district
LOUDOUN COUNTY PUBLIC SCHOOLS
High school district
LOUDOUN COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5169
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2018
Building materials
Brick, Masonry
Listing Agency:
KW United · Keller Williams Realty
(703) 533-1500
Listed By:
Kevin P Clement · License #0225227208
(540) 842-0300
Added: Jul 28
Last Checked: Aug 1 at 10:06PM
MLS# VALO2132512
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two renovated office condominium units are being offered together as one complete purchase in downtown Leesburg. The sale includes 104 Loudoun Street SW, Unit 001 (approximately 755 square feet, Tax ID 231378152001) and 104 Loudoun Street SW, Unit 101 (approximately 864 square feet, Tax ID 231378152002), for a combined total of approximately 1,619 square feet. Both units are to be sold together and are not offered separately.
Thoughtfully renovated in 2019, the space is presented as a refined, move-in-ready environment. The building is constructed with brick and masonry, and the units are served by a heat pump with central air. Parking is available via on-street parking, with two public parking garages located nearby for visitors and customers.
Built in 2018, this two-unit condominium setup is designed to support professional office use and offers a concentrated footprint for an owner-user or tenant team seeking a downtown address.
Thoughtfully renovated in 2019, the space is presented as a refined, move-in-ready environment. The building is constructed with brick and masonry, and the units are served by a heat pump with central air. Parking is available via on-street parking, with two public parking garages located nearby for visitors and customers.
Built in 2018, this two-unit condominium setup is designed to support professional office use and offers a concentrated footprint for an owner-user or tenant team seeking a downtown address.
Key Highlights
- Two office condominium units sold together: Unit 001 ~755 SF (Tax ID 231378152001) and Unit 101 ~864 SF (Tax ID 231378152002)
- Combined size approximately 1,619 square feet
- Renovated in 2019
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
Property Profile
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 near the courthouse with heat pump HVAC and central air, plus on-street parking and nearby garages.
Where is this office units located?
The property is located at 104 LOUDOUN Street 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 sold together: Unit 001 ~755 SF (Tax ID 231378152001) and Unit 101 ~864 SF (Tax ID 231378152002); Combined size approximately 1,619 square feet; Renovated in 2019
