508 E Market St, Leesburg, VA
11,968 SF office building in DC VA Burbs area.
- Added:
- Aug 16, 2024
- Days on Market:
- 669
- Last Refresh:
- May 19 at 8:47 pm
Property Features for 508 E Market St
General Information
- Standard status
- Active
- Size
- 11,968 SF
- Lot size
- 0.54 Acres
- Property subtype
- OFFICE
Properties For Sale
at 508 E Market St Contact us
Listing agent Nancy Wyatt (571) 241-8723
Listing office Vaaler Commercial Real Estate (571) 241-8723
Listing date Aug 16, 2024
Source Moodyscre
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 Vaaler Commercial Real Estate
HighLights
- 11,968 SF office building
- Strategic location in DC VA Burbs area
- Zoned LB:CDD, suitable for various office uses
- Built in 1978
- Potential for modernization
Overview
Local 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 | $353.3k | $29.52 |
| − Vacancy | −$51.2k | −$4.28 |
| EGI | $302.1k | $25.24 |
| − OpEx | −$75.5k | −$6.31 |
| NOI | $226.6k | $18.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Loudoun
- State
- Virginia
- Longitude
- -77.553
- Latitude
- 39.1097
