Medical Office Condo with
For Sale
$750,000
2 CARDINAL PARK DRIVE SE Unit 101, Leesburg, VA 20175
Corner-unit professional space offers private offices, collaborative work areas, and zoning for medical and general office use.
Property Size1,915 SF
Price / SF$391.64
Days on Market52
Property Features for 2 CARDINAL PARK DRIVE SE Unit 101
General Information
Standard status
Active
Size
1,915 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,706
Building Details
Building Size
1,915 SF
Year Built
1988
Listing Agency:
RE/MAX Distinctive Real Estate, Inc.
Listed By:
Terri A Pope-Robinson · License #0225061962
(703) 216-4272
Source:
Barnesrealestatecompany
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 16 at 2:25PM
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 and is configured for professional occupancy. The interior includes three private offices, a conference room, an open bullpen area, reception, a kitchenette, a file or flex room, and one restroom. The layout supports both clinical and general professional office functions without relying on a single specialty configuration.
The unit is positioned at the intersection of Route 7 and Cardinal Park Drive, east of the Route 15 bypass. Zoning allows medical and general professional office use, and visible signage along Route 7 is available for the occupant. The property is located in Leesburg, within Loudoun County, Virginia.
The unit is positioned at the intersection of Route 7 and Cardinal Park Drive, east of the Route 15 bypass. Zoning allows medical and general professional office use, and visible signage along Route 7 is available for the occupant. The property is located in Leesburg, within Loudoun County, Virginia.
Key Highlights
- 1,915 SF medical office condominium
- Three private offices, conference room, bullpen area, and reception
- Kitchenette, file/flex room, and one restroom
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.
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Current Use
Lease Details
Yes
Highway 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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- Loudoun Cat Care — 2 Cardinal Park Dr SE #102C, Leesburg, VA 20176
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner-unit professional space offers private offices, collaborative work areas, and zoning for medical and general office use.
Where is this medical office space located?
The property is located at 2 CARDINAL PARK DRIVE SE Unit 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 SF medical office condominium; Three private offices, conference room, bullpen area, and reception; Kitchenette, file/flex room, and one restroom
