Second-Floor Medical Office
13-107 W Federal St Middleburg, VA 20117
13-107 W Federal St, Middleburg, VA, 20117
$405,000
For Sale
$405,000
Renovated in 2021, this second-floor corner suite includes a reception area, four offices, and dedicated HVAC.
Property Size1,500 SF
Price / SF$270
Days on Market9
Property Features for 13-107 W Federal St
General Information
- Standard status
- Active
- Size
- 1,500 SF
Listing agency
Thomas and Talbot Estate Properties, Inc.
(540) 229-3201
Listed by
Cricket Bedford
(540) 229-3201
Source
Exprealty
Added: Jul 15 Updated: Jul 22 at 5:06PM Checked: Jul 22 at 5:06PM
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 Thomas and Talbot Estate Properties, Inc.
Investment Insights
Based on property information with market context.
This Federal Court office condominium unit offers approximately 1,500 square feet of bright, versatile office space on the second floor. The suite is a corner location with natural light from three directions and is currently configured as a medical office with a large reception area and four separate offices. Non-structural interior walls allow for reconfiguration to accommodate different professional layouts. Renovated in 2021, it features updated flooring, paint, and lighting, along with a break room and powder room. The suite also has separate electric metering and its own dedicated heating and cooling system.
Assigned parking is available with three spaces located directly behind the building. The condominium is within the Town of Middleburg’s C-3 zoning district and is designed for professional office use. Comcast Internet is included, and the quarterly condominium fee of $1,216.40 covers water and sewer service, snow removal, and trash dumpster service. A floor plan is included with the offering.
The property’s second-floor arrangement, multi-office configuration, and interior wall flexibility support a range of professional uses within the professional office design intent.
Assigned parking is available with three spaces located directly behind the building. The condominium is within the Town of Middleburg’s C-3 zoning district and is designed for professional office use. Comcast Internet is included, and the quarterly condominium fee of $1,216.40 covers water and sewer service, snow removal, and trash dumpster service. A floor plan is included with the offering.
The property’s second-floor arrangement, multi-office configuration, and interior wall flexibility support a range of professional uses within the professional office design intent.
Key Highlights
- Approximately 1,500 SF second‑floor corner office condominium with abundant natural light from three directions
- Medical office layout includes a large reception area plus 4 separate offices
- Non‑structural interior walls allow reconfiguration for a variety of professional uses
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 | $44.3k | $29.52 |
| − Vacancy | −$6.4k | −$4.28 |
| EGI | $37.9k | $25.24 |
| − OpEx | −$9.5k | −$6.31 |
| NOI | $28.4k | $18.93 |
1,500 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$405.6K
$354.9K – $473.3K
NOI $28,395 @ 7.0% cap · market cap 7.01%
Second Best
Healthcare Medical
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 6.90%
Theoretical Best
Specialty Retail
$470.1K
$411.3K – $548.4K
NOI $32,906 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Renovated in 2021, this second-floor corner suite includes a reception area, four offices, and dedicated HVAC.
Where is this medical office space located?
The property is located at 13-107 W Federal St Middleburg, VA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Approximately 1,500 SF second‑floor corner office condominium with abundant natural light from three directions; Medical office layout includes a large reception area plus 4 separate offices; Non‑structural interior walls allow reconfiguration for a variety of professional uses
