Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10 Pendleton St, Unit C Middleburg, VA 20118

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $29 SF/Yr

    Professional office suites for lease in Middleburg, Virginia.

    Lot size:
    0.36 Acres

    Property Features for 10 Pendleton St

    General Information

    Standard status
    Active
    Lot size
    0.36 Acres

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    J. Carter Wiley
    Source: Exitrealty

    Listing Agency: The Wiley Companies, Inc. Listing Agent: J. Carter Wiley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Class A Office Suites Available

    Multiple Class A commercial office suites are available for lease at The Courtyard at Middleburg, a 12,395.58 +/- square foot complex comprised of three historic office buildings. The property is located in Middleburg, Virginia, with frontage on Pendleton Street and Marshall Street, providing superior access and proximity to town amenities. Available suites include Space A2+A3 with 2269.12 rentable square feet and Space C with 2466.88 rentable square feet. Suites may be leased together for a total of 4,736 rentable square feet. The offices feature a waiting area, kitchenette, conference room, and meeting room. Building-mounted signage is available. The property is professionally managed with 24-hour full-service operation, parking garage with 4 spaces available, handicap accessibility, and elevator access. The full-service rental rate includes taxes, insurance, CAM, janitorial services, electricity, water, and sewer.
    Location Intelligence

    Current Use by Public Records

    The Massage Stop Alternative Medicine Practice Salamander Corporate Office Corporate Office VIP Nails Nail Salon Katherine Yeutter Counselor

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Spa & Massage Center Hotel & Motel Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middleburg
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.7372996
    Latitude
    38.969072

    Nearby Similar for Lease

    • $1,000 /Mo
      3,485 SF

      Office Space in Middleburg, VA

      Office space available above Middleburg Deli.
      2 N Liberty St, Middleburg, VA 20117
      View Details
    • $2,600 /Mo

      Prime Commercial Space in Middleburg

      Two-story commercial building on Middleburg's main street, flexible floor plan.
      200 E Washington St, Middleburg, VA 20117
      View Details
    • $1,000 /Mo

      Office Space Above Middleburg Deli

      Office space available above Middleburg Deli.
      2 N Liberty St, Middleburg, VA 20117
      View Details
    • Contact for pricing
      4,500 SF

      Middleburg Office Space For Rent

      Office space in Middleburg with flexible lease terms.
      8 N Jay St, Middleburg, VA 20117
      View Details
    • $24 SF/Yr
      4,205 SF

      Middleburg Executive Office Space

      Modern office suites, ample parking, flexible lease terms.
      5 Hamilton St, Middleburg, VA 20117
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suites for lease in Middleburg, Virginia.
    Where is this office units located?
    The property is located at 10 Pendleton St, Unit C Middleburg, VA.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: - Full service rental rate includes Taxes, Insurance, CAM, Janitorial, Electricity, Water & Sewer.; - Professionally managed; 24 hr full service operation.; - Suites may be leased together for a total of 4,736 rentable SF.
    (703) 753-9600
    Request Owner's contact information
    10 Pendleton St, Unit C Middleburg, VA 20118
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10 Pendleton St, Unit C
    Middleburg, VA 20118
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10 Pendleton St, Unit C Middleburg, VA 20118
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    J. Carter Wiley
    (703) 753-9600 (703) 298-8129
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!