Building Details

Building Size 2,468 SF

Year Built 1880

Listing Agency: Hunt Country Sotheby's International Realty

Listed By: Christy Hertel · License #0225192856 Show Phone

Source: Barnesrealestatecompany

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 9:52AM

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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 Hunt Country Sotheby's International Realty

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Investment Insights

Based on property information with market context.

Constructed in 1880, this renovated building offers 2,468 square feet for retail or other commercial use. The space can also serve as a professional office, boutique, gallery, or residential use, supporting a range of configurations at 15481 Second Street in Waterford, Virginia.

Key Highlights

• Built in 1880
• Renovated building with 2,468 square feet
• Potential uses include retail, professional office, boutique, gallery, or residential

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,043

Cap Rate

7.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$840,860 $840.9K

Cap Rate 7%

$600,614 $600.6K

Cap Rate 9%

$467,144 $467.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,468 SF

Gross rent

$61.6K $24.96/SF

− Vacancy

−$1.5K −$0.62/SF

EGI

$60.1K $24.34/SF

− OpEx

−$18.0K −$7.30/SF

NOI

$42.0K $17.04/SF

Area

Loudoun County, VA

Vacancy

2.50%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$840,860

Cap Rate 7%

$600,614

Cap Rate 9%

$467,144

Alternative Uses

Best Use

Retail

$600.6K

$525.5K – $700.7K (±1% cap)

NOI $42,043 @ 7.0% cap · market cap 7.02%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$773.5K

$676.8K – $902.4K (±1% cap)

NOI $54,142 @ 7.0% cap · market cap 9.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Grocery & Convenience Store Daycare Center Gym & Fitness Center

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

46

Businesses Nearby

Explore this area Business Placement

Demographics for 20197, VA

2,558

Population

863

Households

3

Avg Household Size

42

Median Age

70%

College-Educated

100%

High-School Grad

14.7 sq mi

ZIP Area

174

Density / Sq Mi

$233,777

Median Household Income

$115,417

Median Earnings

$988,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Renovated space can accommodate retail, office, gallery, or residential use.

Where is this retail space located?

The property is located at 15481 SECOND STREET Waterford, VA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Built in 1880; Renovated building with 2,468 square feet; Potential uses include retail, professional office, boutique, gallery, or residential