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    42882 Truro Parish Dr Ashburn, VA 20148
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    42882 Truro Parish Dr, Ashburn, VA 20148

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    • Lifestyle centers
    • 1,283 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cafe Opera / Restaurant
    • Ashburn Kabob / Restaurant
    • Ashburn Pediatric Dental Center / Dental Office
    • Core Concepts Chiropractic by Roselle / Alternative Medicine Practice
    • Eden of Ashburn Salon & Nails Spa / Nail Salon

    Property Details for 42882 Truro Parish Dr

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail property, located at 42882 Truro Parish Drive in Ashburn, Virginia, presents a unique investment opportunity. Situated within the vibrant Broadlands community in Loudoun County (zip code 20148), this 1,283 square foot space is ideally suited for a variety of retail uses, including restaurants, shopping centers, or storefronts. The property is priced at $511,917, representing a compelling price per square foot of $399. The building is a two-story structure, and this retail space is conveniently located on the first level. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking high foot traffic. The recent price reduction from $545,275 to $511,917 makes this an even more compelling investment. The property's versatility and strategic location within a thriving community make it an ideal choice for entrepreneurs and investors alike. Don't miss this chance to acquire a highly desirable retail space in one of Northern Virginia's most sought-after areas. The property is categorized as retail and is suitable for various uses, including fast food establishments.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ashburn
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.519
    Latitude
    39.0187

    Comparable in this City

    • Value Estimation by Request
      76,756 SF

      43930 Farmwell Rd

      Lifestyle centers
      43930 Farmwell Rd, Ashburn, VA 20148
      View Details
    • Value Estimation by Request

      22621 Amendola Ter

      Individual retail properties
      22621 Amendola Ter, Ashburn, VA 20148
      View Details
    • Value Estimation by Request
      3,384 SF

      42864 Truro Parish Dr

      RETAIL STORES (PERSONAL SERVICES)
      42864 Truro Parish Dr, Broadlands, VA 20148-4409
      View Details
    • Value Estimation
      $1,050,000
      4,523 SF

      42876 Truro Parish Dr

      RETAIL STORES (PERSONAL SERVICES)
      42876 Truro Parish Dr, Broadlands, VA 20148-4409
      View Details
    • Value Estimation
      $14,910,000
      68,444 SF

      43300 Southern Walk Plz

      RETAIL STORES (PERSONAL SERVICES)
      43300 Southern Walk Plz, Broadlands, VA 20148-4463
      View Details
    • Value Estimation
      $13,985,000
      52,474 SF

      43315 Crandall Sq

      RETAIL STORES (PERSONAL SERVICES)
      43315 Crandall Sq, Ashburn, VA 20148
      View Details

    Similar Nearby for Lease

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      Retail space available in a dynamic, growing Loudoun County area.
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      Restaurant space featuring three drive-thru lanes and ample parking.
      43340 Van Geison Ter, Ashburn, VA 20148
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      Retail Space in Broadlands Village

      Retail space available in a dynamic, growing Loudoun County area.
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      Retail Space in Brambleton Town

      Retail space available in a high-traffic Brambleton location.
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      Located in the heart of Brambleton, high-traffic retail opportunity.
      42385 Ryan Rd, Brambleton, VA 20148
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    Ashburn, VA 20148
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    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
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