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Single-Unit Office Building
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1503-1509 Dodona Terrace SE, Leesburg, VA 20175

Built in 2010, this 1,696 SF office property with a single unit is offered for sale in Leesburg.

Property Size1,696 SF
Price / SF$376.77
Days on Market351

Property Features for 1503-1509 Dodona Terrace SE

General Information

Standard status Active
Size 1,696 SF
Property subtype OFFICE

Building Details

Year Built 2010
Listing Agency: Vaaler Commercial Real Estate
Listed By: Nancy Wyatt · License #0225198687
Source: Moodyscre
Added: Aug 14, 2025 Changed: Jul 27 Last Checked: Jul 29 at 2:08PM

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 1,696 SF office building was constructed in 2010 and features a single-unit configuration. It is being offered for sale as a straightforward office/office building investment or occupancy option.

Located at 1503-1509 Dodona Terrace SE in Leesburg, Virginia, the property sits within the DC/VA suburbs area.

As a single-unit asset, the layout is designed for tenants and investors seeking one consolidated office space rather than a multi-suite arrangement.

Key Highlights

  • Built in 2010, this 1,696 SF office property is for sale in Leesburg.
  • Single‑unit office setup with 1 unit total.
  • Ideal for an office/office building investor seeking a low‑maintenance, newer construction asset.

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 $50.1k $29.52
− Vacancy −$7.3k −$4.28
EGI $42.8k $25.24
− OpEx −$10.7k −$6.31
NOI $32.1k $18.93
1,696 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$458.6K
$401.3K – $535.1K (±1% cap)
NOI $32,105 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$531.5K
$465.1K – $620.1K (±1% cap)
NOI $37,206 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Electrical Service Law Firm (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

431
Businesses Nearby

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Built in 2010, this 1,696 SF office property with a single unit is offered for sale in Leesburg.
Where is this office building located?
The property is located at 1503-1509 Dodona Terrace SE Leesburg, VA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Built in 2010, this 1,696 SF office property is for sale in Leesburg.; Single‑unit office setup with 1 unit total.; Ideal for an office/office building investor seeking a low‑maintenance, newer construction asset.
(571) 241-8723 Call to check price and availability
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