Medical Office with Exam
For Sale
Under Contract
$700,000
204 E FEDERAL Street, Middleburg, VA 20117
Commercial Sale, MIDDLEBURG, VA
Property Size1,500 SF
Price / SF$466.67
Days on Market115
Property Features for 204 E FEDERAL Street
General Information
Property type
Other
Property subtype
Office
Parking
3
Parking features
Parking Lot
Elementary school district
LOUDOUN COUNTY PUBLIC SCHOOLS
Middle school district
LOUDOUN COUNTY PUBLIC SCHOOLS
High school district
LOUDOUN COUNTY PUBLIC SCHOOLS
Standard status
Active Under Contract
Taxes and HOA fees
Tax Annual Amount
5448
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1991
Building materials
Brick
Listing Agency:
Sheridan-MacMahon Ltd.
Listed By:
Paul E. MacMahon · License #0225030483
(540) 687-5588
Added: Jun 29
Changed: Oct 21
Last Checked: Oct 21 at 8:06PM
MLS# VALO2129896
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot medical office space is arranged with four exam rooms, a reception area, a waiting room, two private offices and a file/storage room. Three half baths serve the interior. Brick construction dates to 1991, with electric heat pump heating and central air conditioning.
The property has ramp access and a paved parking lot. C-1 zoning supports professional, office and commercial applications.
The property has ramp access and a paved parking lot. C-1 zoning supports professional, office and commercial applications.
Key Highlights
- Approximately 1,500 square feet with four exam rooms
- Floor plan includes reception, waiting area, two private offices and file/storage room
- Three half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,395
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,900
$567.9K
Cap Rate 7%
$405,643
$405.6K
Cap Rate 9%
$315,500
$315.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$44.3K $29.52/SF
− Vacancy
−$6.4K −$4.28/SF
EGI
$37.9K $25.24/SF
− OpEx
−$9.5K −$6.31/SF
NOI
$28.4K $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%
$567,900
Cap Rate 7%
$405,643
Cap Rate 9%
$315,500
Alternative Uses
Best Use
Office B
$405.6K
$354.9K – $473.3K
NOI $28,395 @ 7.0% cap · market cap 4.06%
Second Best
Healthcare Medical
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$470.1K
$411.3K – $548.4K
NOI $32,906 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20117, VA
2,746
Population
1,643
Households
1.7
Avg Household Size
51
Median Age
57%
College-Educated
96%
High-School Grad
48.6 sq mi
ZIP Area
57
Density / Sq Mi
$148,063
Median Household Income
$91,667
Median Earnings
$1,762
Median Rent
$947,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- Mccormick William H DVM — Middleburg, VA 20117
- Andrea Russell PC — Middleburg, VA 20117
- Middleburg Animal Hospital — 23369 Sam Fred Rd #3221, Middleburg, VA 20117
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-1 zoning, ramp entry and a paved parking area serve the existing professional layout.
Where is this medical office space located?
The property is located at 204 E FEDERAL Street Middleburg, VA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Approximately 1,500 square feet with four exam rooms; Floor plan includes reception, waiting area, two private offices and file/storage room; Three half baths
