Leesburg Office Building For
For Sale
Contact for pricing
508 E Market St, Leesburg, VA
11,968 SF office building in DC VA Burbs area.
Property Size11,968 SF
Lot Size0.54 Acres
Price / SF$350.94
Days on Market715
Property Features for 508 E Market St
General Information
Standard status
Active
Size
11,968 SF
Lot size
0.54 Acres
Property subtype
OFFICE
Listing Agency:
Vaaler Commercial Real Estate
(571) 241-8723
Listed By:
Nancy Wyatt · License #0225198687
(571) 241-8723
Source:
Moodyscre
Added: Aug 16, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:25AM
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
Investment Insights
Based on property information with market context.
This is an 11,968 square foot office building constructed in 1978, offering potential for modernization. It is located in the DC VA Burbs area. The property is zoned LB:CDD, making it suitable for various office uses.
Key Highlights
- 11,968 SF office building
- Strategic location in DC VA Burbs area
- Zoned LB:CDD, suitable for various office uses
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 |
11,968 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.24M
$2.83M – $3.78M
NOI $226,551 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.75M
$3.28M – $4.38M
NOI $262,548 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,797
Businesses Nearby
Explore this area
Business Placement
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 building - 11,968 SF office building in DC VA Burbs area.
Where is this office building located?
The property is located at 508 E Market St Leesburg, VA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 11,968 SF office building; Strategic location in DC VA Burbs area; Zoned LB:CDD, suitable for various office uses
