Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    201-203 Loudoun St Leesburg, VA 20175

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    201-203 Loudoun St Leesburg, VA 20175

    View on Map
    • Office properties & Spaces
    • 8,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 201-203 Loudoun St

    Property size
    8,400 SF
    Property type
    Office properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 8,400 square foot commercial property, located at 201-203 Loudoun Street SW in historic downtown Leesburg, Virginia, offers a unique opportunity. The property consists of two buildings, each with a first and second floor, totaling 8,400 square feet. Both buildings must be leased together. Building 201 comprises 2,418 square feet, with the first floor offering 1,217 square feet at $28 per square foot and the second floor offering 1,201 square feet at $24 per square foot, totaling $5,591 per month. Building 203 offers 2,584 square feet, with the first floor at 1,269 square feet ($28 per square foot) and the second floor at 1,315 square feet ($24 per square foot), totaling $5,260 per month. The combined monthly rent is $10,851. The B1 zoning allows for office or retail use. The property boasts ample free parking at the nearby Liberty Street Parking lot (approximately 500 feet away). Building signage is available. Existing furniture may be included or removed per tenant preference. Rental rates are inclusive of all utilities except janitorial services. This prime location offers easy access to restaurants, coffee shops, and other downtown amenities. This is an ideal space for a business seeking a prominent presence in the heart of Leesburg.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.5677
    Latitude
    39.1148

    Comparable in this City

    • Value Estimation by Request
      1 SF

      602 King St

      Office Units • 1 SF
      602 King St, Leesburg, VA 20175
      View Details
    • Value Estimation by Request
      26.66 Acres

      at Leesburg Pike Battlefield Pkwy

      Land • 26.66 Acres
      at Leesburg Pike Battlefield Pkwy, Leesburg, VA 20175
      View Details
    • Value Estimation by Request

      1602 Village Market Blvd

      Office properties & Spaces
      1602 Village Market Blvd, Leesburg, VA 20175
      View Details
    • Value Estimation
      $1,520,000
      7,252 SF

      210 Wirt SW St

      OFFICE (GENERAL) • 7,252 SF
      210 Wirt SW St, Leesburg, VA 20175-2929
      View Details
    • Value Estimation
      $2,005,000
      11,253 SF

      106 Harrison SE St

      OFFICE (GENERAL) • 11,253 SF
      106 Harrison SE St, Leesburg, VA 20175-3745
      View Details
    • Value Estimation
      $1,205,000
      6,681 SF

      107 Loudoun SE St

      OFFICE (GENERAL) • 6,681 SF
      107 Loudoun SE St, Leesburg, VA 20175-3106
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Leesburg Office Space: Village Market

      Prime Office Suite in Vibrant Leesburg
      1602 Village Market Blvd, Leesburg, VA 20175
      View Details
    • Contact for pricing
      0.65 Acres

      Downtown Leesburg Office Suites

      Prime Location, Two Suites Available
      305 Harrison St, Leesburg, VA 20175
      View Details
    • $2,400,000

      Land Parcel Near Leesburg

      Land parcel with multiple zoning designations near Leesburg, Virginia.
      721 Donaldson Ln SW, Leesburg, VA 20175
      View Details
    • $695,000

      Land for Sale in Leesburg

      Land available in Loudoun County, Virginia.
      38101 Hunts End Pl, Leesburg, VA 20175
      View Details
    • $600,000
      6.93 Acres

      Scenic Leesburg Land Parcel

      7-acre parcel near downtown Leesburg with building potential.
      Delta Diamond Ln, Leesburg, VA 20175
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Leesburg Office Space

      Professional office space in historic downtown Leesburg, Virginia.
      203 Harrison St SE, Leesburg, VA 20175
      View Details
    • $680 /Mo

      Leesburg Office Space For Lease

      Office space available for lease in Leesburg, Virginia.
      222 Catoctin Cir, Leesburg, VA 20175
      View Details
    • $7,500 /Mo

      Office Condo with Multiple Offices

      Office condominium featuring multiple conference rooms and individual offices with windows.
      602 S King St S, Leesburg, VA 20175
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201-203 Loudoun St
    Leesburg, VA 20175
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!