Medical Office
2-b Cardinal Park Drive Se # 101, Leesburg, VA 20175
For Sale
New
$750,000
The suite combines private offices and shared work areas with a reception point, conference room, kitchenette, and in-unit restroom.
Property Size1,915 SF
Price / SF$391.64
Days on Market2
Property Features for 2-b Cardinal Park Drive Se # 101
General Information
Standard status
Size
Zoning
Additional Details
Road Access
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Electric
Yes
Public
No
1915.00
114900.00
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Distinctive Real Estate, Inc.
(703) 858-9108
Listed By:
Terri A Pope-Robinson · License VA #0225061962
(703) 216-4272
Source:
Thevasquezgrouprealtors
Added: Nov 12
Last Checked: Nov 13 at 7:17AM
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 RE/MAX Distinctive Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,915-square-foot medical office condominium was built in 1988. Its interior includes three private offices, a conference room, an open bullpen, and reception near the entrance. A kitchenette, file or flex room, and one restroom complete the suite. The stated zoning is LB:B3, and medical and general professional office uses are identified for the property.
The unit is at the corner of Route 7 and Cardinal Park Drive in Leesburg, east of the Route 15 bypass. Route 7 signage is available. The office layout and in-suite support spaces provide a range of work areas within one condominium unit.
The unit is at the corner of Route 7 and Cardinal Park Drive in Leesburg, east of the Route 15 bypass. Route 7 signage is available. The office layout and in-suite support spaces provide a range of work areas within one condominium unit.
Key Highlights
- 1,915‑square‑foot medical office condominium
- Three private offices, a conference room, open bullpen, and reception area
- Kitchenette, file/flex room, and one restroom within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,250
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,000
$725.0K
Cap Rate 7%
$517,857
$517.9K
Cap Rate 9%
$402,778
$402.8K
Market Conditions
NOI Build-Up for 1,915 SF
Gross rent
$56.5K $29.52/SF
− Vacancy
−$8.2K −$4.28/SF
EGI
$48.3K $25.24/SF
− OpEx
−$12.1K −$6.31/SF
NOI
$36.3K $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 Rate 5%
$725,000
Cap Rate 7%
$517,857
Cap Rate 9%
$402,778
Alternative Uses
Best Use
Office B
$517.9K
$453.1K – $604.2K
NOI $36,250 @ 7.0% cap · market cap 4.83%
Second Best
Healthcare Medical
$509.6K
$445.9K – $594.5K
NOI $35,672 @ 7.0% cap · market cap 4.76%
Theoretical Best
Specialty Retail
$600.1K
$525.1K – $700.2K
NOI $42,010 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Well-served
Demand for This Use
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
$717,700
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Loudoun County, VA
Properties on Market for Medical Office Space in Loudoun County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Mid-Atlantic Veterinary Dermatology — 1507 Dodona Terrace SE Suite 200, Leesburg, VA 20175
- Loudoun Urgent Vet — 135 Robinson Ml Plz, Leesburg, VA 20175
- Old Mill Veterinary Hospital — 91 Lawson Rd SE, Leesburg, VA 20175
- Loudoun Cat Care — 2 Cardinal Park Dr SE #102C, Leesburg, VA 20176
- Towne Animal Clinic — 64 A Plaza St NE, Leesburg, VA 20176
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite combines private offices and shared work areas with a reception point, conference room, kitchenette, and in-unit restroom.
Where is this medical office space located?
The property is located at 2-b Cardinal Park Drive Se # 101 Leesburg, VA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,915‑square‑foot medical office condominium; Three private offices, a conference room, open bullpen, and reception area; Kitchenette, file/flex room, and one restroom within the unit
