Lansdowne Office Park Medical
For Sale
Contact for pricing
Pending
19465 Deerfield Ave, Leesburg, VA 20176
Class A medical office condo in Lansdowne Office Park.
Property Size2,210 SF
Days on Market996
Property Features for 19465 Deerfield Ave
General Information
Standard status
Pending
Size
2,210 SF
Class
A
Property subtype
Office
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Divaris Real Estate Inc DC Regional Office
(571) 455-7021
Listed By:
Erik Ulsaker · License #0225097564
Source:
Crexi
Added: Nov 29, 2023
Changed: Aug 12
Last Checked: Aug 20 at 7:09PM
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 Divaris Real Estate Inc DC Regional Office
Investment Insights
Based on property information with market context.
A Class A medical office condo is available for sale within the Lansdowne Office Park, located at 19465 Deerfield Ave, Suite 311. The meticulously designed property features a state-of-the-art physical therapy space. The layout includes a reception area, a waiting area, an office, and an open gym area. The property is located within a professional community and offers accessibility and proximity to amenities. This turnkey solution is suitable for medical professionals looking to expand their practice or for investors seeking an opportunity within the healthcare sector. The property is located directly across from Inova Loudoun Hospital Campus and 12 miles from Washington Dulles International Airport (IAD). The property size is 2210 square feet.
Key Highlights
- Class A medical office condo with state‑of‑the‑art physical therapy space.
- Turnkey solution ideal for medical professionals or investors.
- Prime location within the esteemed Lansdowne Office Park.
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
$41,835
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
5.97%
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%
$836,700
$836.7K
Cap Rate 7%
$597,643
$597.6K
Cap Rate 9%
$464,833
$464.8K
Market Conditions
NOI Build-Up for 2,210 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
$65.2K $29.52/SF
− Vacancy
−$9.5K −$4.28/SF
EGI
$55.8K $25.24/SF
− OpEx
−$13.9K −$6.31/SF
NOI
$41.8K $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%
$836,700
Cap Rate 7%
$597,643
Cap Rate 9%
$464,833
Alternative Uses
Best Use
Office B
$597.6K
$522.9K – $697.3K
NOI $41,835 @ 7.0% cap · market cap 5.97%
Second Best
Healthcare Medical
$588.1K
$514.6K – $686.1K
NOI $41,167 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$692.6K
$606.0K – $808.0K
NOI $48,482 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,519
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chesapeake Veterinary Cardiology — 19465 Deerfield Ave, Leesburg, VA 20176
Frequently Asked Questions
What type of property is this?
Medical Office Space - Class A medical office condo in Lansdowne Office Park.
Where is this medical office space located?
The property is located at 19465 Deerfield Ave Leesburg, VA.
What is the asking price?
The asking price for this property is $700,570.
What are key features of this property?
This property features: Class A medical office condo with state‑of‑the‑art physical therapy space.; Turnkey solution ideal for medical professionals or investors.; Prime location within the esteemed Lansdowne Office Park.
