Renovated Mixed-Use
New
For Sale
$1,400,000
19 Wirt Street Southwest, Leesburg, VA 20175
Renovated mixed-use building with office and retail space in Leesburg.
Property Size2,336 SF
Price / SF$599.32
Days on Market5
Property Features for 19 Wirt Street Southwest
General Information
Standard status
Active
Size
2,336 SF
Property subtype
Retail
Zoning
B2
Occupancy
100%
Additional Details
Office Units
8
Building Details
Building Size
2,336 SF
Year Built
1780
Year Renovated
2025
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Vaaler Commercial Real Estate
(571) 241-8723
Listed By:
Nancy Wyatt · License #0225198687
(571) 241-8723
Source:
Vaaler
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 17 at 6:03AM
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 2,336-square-foot mixed-use building contains nine units arranged for both office and retail occupancy. The layout includes three second-floor offices, five first-floor offices, and one retail unit. Originally built in 1780, the property received renovations in 2025, combining historic construction with updated improvements.
Located at 19 Wirt Street Southwest in Leesburg, Virginia, the property is zoned B2 and reported at 100% occupancy. Its combination of office suites and a retail component supports a diversified commercial configuration within the Leesburg area.
Located at 19 Wirt Street Southwest in Leesburg, Virginia, the property is zoned B2 and reported at 100% occupancy. Its combination of office suites and a retail component supports a diversified commercial configuration within the Leesburg area.
Key Highlights
- 2,336 SF mixed‑use building with 9 units
- Unit mix includes 3 second‑floor offices, 5 first‑floor offices, and 1 retail unit
- Built in 1780 and renovated in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,220
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$884,400
$884.4K
Cap Rate 7%
$631,714
$631.7K
Cap Rate 9%
$491,333
$491.3K
Market Conditions
NOI Build-Up for 2,336 SF
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.
Gross rent
$69.0K $29.52/SF
− Vacancy
−$10.0K −$4.28/SF
EGI
$59.0K $25.24/SF
− OpEx
−$14.7K −$6.31/SF
NOI
$44.2K $18.93/SF
Area
Loudoun County, VA
Vacancy
14.50%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$884,400
Cap Rate 7%
$631,714
Cap Rate 9%
$491,333
Alternative Uses
Best Use
Office B
$631.7K
$552.8K – $737.0K
NOI $44,220 @ 7.0% cap · market cap 3.16%
Second Best
Retail
$568.5K
$497.4K – $663.2K
NOI $39,794 @ 7.0% cap · market cap 2.84%
Theoretical Best
Specialty Retail
$732.1K
$640.6K – $854.1K
NOI $51,246 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,602
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use building with office and retail space in Leesburg.
Where is this mixed-use property located?
The property is located at 19 Wirt Street Southwest Leesburg, VA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2,336 SF mixed‑use building with 9 units; Unit mix includes 3 second‑floor offices, 5 first‑floor offices, and 1 retail unit; Built in 1780 and renovated in 2025
