Retail Space with
For Sale
Contact for pricing
19338 DIAMOND LAKE DRIVE, Leesburg, VA 20176
Finished commercial unit in Village at Leesburg, surrounded by restaurants, national retailers, and high-density residential communities.
Property Size1,017 SF
Price / SF$0.04
Days on Market74
Property Features for 19338 DIAMOND LAKE DRIVE
General Information
Standard status
Active
Size
1,017 SF
Property subtype
Commercial
Building Details
Year Built
2016
Listing Agency:
Pearson Smith Realty, LLC
(571) 386-1075
Listed By:
Mohamed S Aly · License #0225064854
(703) 981-7998
Source:
Cummingsrealtors
Added: Aug 5
Changed: Oct 16
Last Checked: Oct 16 at 8:33AM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,017-square-foot retail unit was built in 2016 and is configured for customer-facing commercial use. The space includes updated finishes, strong interior lighting, and a welcoming storefront. It previously operated as a jewelry store, providing a finished starting point for a retail, boutique, or specialty business.
The property is located in Village at Leesburg at 19338 Diamond Lake Drive in Leesburg, Virginia. Its setting includes restaurants, national retailers, and nearby high-density residential communities, placing the unit within an established shopping and entertainment environment.
The property is located in Village at Leesburg at 19338 Diamond Lake Drive in Leesburg, Virginia. Its setting includes restaurants, national retailers, and nearby high-density residential communities, placing the unit within an established shopping and entertainment environment.
Key Highlights
- 1,017 SF retail unit in Village at Leesburg
- Built in 2016
- Existing storefront with modern finishes and strong lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,325
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,500
$346.5K
Cap Rate 7%
$247,500
$247.5K
Cap Rate 9%
$192,500
$192.5K
Market Conditions
NOI Build-Up for 1,017 SF
Gross rent
$25.4K $24.96/SF
− Vacancy
−$635 −$0.62/SF
EGI
$24.7K $24.34/SF
− OpEx
−$7.4K −$7.30/SF
NOI
$17.3K $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%
$346,500
Cap Rate 7%
$247,500
Cap Rate 9%
$192,500
Alternative Uses
Best Use
Retail
$247.5K
$216.6K – $288.8K
NOI $17,325 @ 7.0% cap · market cap 43,312.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$318.7K
$278.9K – $371.8K
NOI $22,310 @ 7.0% cap · market cap 55,775.00%
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
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
107k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Groceries 29%
Shops & Services 17%
Harris Teeter
Groceries
31,002 visits/mo
0.1 miles
Chick-fil-A
Dining
29,442 visits/mo
0.3 miles
Shell
Shops & Services
18,520 visits/mo
0.2 miles
Starbucks
Dining
14,957 visits/mo
0.3 miles
Panera Bread
Dining
13,254 visits/mo
0.2 miles
Demographics for 20176, VA
51,777
Population
17,044
Households
3
Avg Household Size
38
Median Age
59%
College-Educated
94%
High-School Grad
54.9 sq mi
ZIP Area
943
Density / Sq Mi
$166,870
Median Household Income
$67,473
Median Earnings
$2,089
Median Rent
$702,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Finished commercial unit in Village at Leesburg, surrounded by restaurants, national retailers, and high-density residential communities.
Where is this retail space located?
The property is located at 19338 DIAMOND LAKE DRIVE Leesburg, VA.
What are key features of this property?
This property features: 1,017 SF retail unit in Village at Leesburg; Built in 2016; Existing storefront with modern finishes and strong lighting
