Leesburg Commercial Property
209 OLD WATERFORD Rd NW Leesburg, VA 20176
For Sale
$1,300,000
Well-maintained commercial property with long-term tenants and modern amenities.
Property Size3,200 SF
Lot Size0.24 Acres
Price / SF$406.25
Days on Market94
Property Features for 209 OLD WATERFORD Rd NW
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1890
Listing Agency:
Presidential Realty Group
(571) 331-5791
Listed By:
Patricia Ann Toman · License #0225222935
(571) 331-5791
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:31AM
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 Presidential Realty Group
Investment Insights
Based on property information with market context.
This commercial property, constructed in 1890 and rebuilt from its historic foundation in 1980, offers an investment opportunity near historic downtown Leesburg. The 3,200 square foot property features mixed construction materials and is in excellent condition. The building includes a paved parking lot with 16 spaces. The main level, currently a legal suite under a long-term lease, features a large primary office, five separate offices, a conference room, hardwood floors, vaulted ceilings, an eat-in kitchen, and two half-baths. The upper level, accessible via a separate entrance or interior stairway and operating under a one-year lease, is designed as a medical suite, including a waiting/sitting room, administrative office space, a nursing work area, examining rooms, one half-bath, and one full-bath with a shower. Recent building improvements include new HVAC, new carpet and paint on the entire main level, updated half-baths on the main level, new professional landscaping, new paint on the exterior HardiePlank in the past five years, and new roof shingles in the past ten years. The building sits on a 10,454 square foot lot. The property has a bike score of 70, indicating it is very bikeable, and a walk score of 69, indicating it is somewhat walkable. The location provides easy access to major highways and public transportation.
Key Highlights
- Prime location near historic downtown Leesburg with easy access to major highways and public transportation.
- Well‑maintained property in excellent condition with recent improvements, including new HVAC, carpet, paint, landscaping, and roof shingles.
- Two‑level building with flexible usage possibilities, featuring a legal suite on the main level and a medical suite on the upper level, each with separate entrances.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.5k | $29.52 |
| − Vacancy | −$13.7k | −$4.28 |
| EGI | $80.8k | $25.24 |
| − OpEx | −$20.2k | −$6.31 |
| NOI | $60.6k | $18.93 |
3,200 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$865.4K
$757.2K – $1.01M
NOI $60,575 @ 7.0% cap · market cap 4.66%
Second Best
Healthcare Medical
$851.6K
$745.1K – $993.5K
NOI $59,609 @ 7.0% cap · market cap 4.59%
Theoretical Best
Specialty Retail
$1.00M
$877.5K – $1.17M
NOI $70,200 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Loudoun Holistic Health ...
Physician
Mt. Zion Community ...
Cemetery
Dr. David W. ...
Pediatrician
Dr. Anne M. ...
Pediatrician
Synergy
Alternative Medicine Practice
FAQs
What type of property is this?
Office building - Well-maintained commercial property with long-term tenants and modern amenities.
Where is this office building located?
The property is located at 209 OLD WATERFORD Rd NW Leesburg, VA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location near historic downtown Leesburg with easy access to major highways and public transportation.; Well‑maintained property in excellent condition with recent improvements, including new HVAC, carpet, paint, landscaping, and roof shingles.; Two‑level building with flexible usage possibilities, featuring a legal suite on the main level and a medical suite on the upper level, each with separate entrances.