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Property profile & analytics
OFF-MARKET Estimated value $3,500,000
Office Spaces

1 Market St Leesburg, VA 20176-3003

22,048 SF 0.09 ac lot Built 1850
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-3542197
Property summary
AI-generated overview

This exceptional executive office space at 1 East Market St., Leesburg, VA, offers a unique opportunity in a landmark building. Built in 1940, this property boasts a total of 16,743 square feet, with 4,443 square feet currently vacant and available for lease. The building is ideally suited for multiple tenants, offering flexible spaces ranging from a minimum of 400 square feet to a maximum contiguous space of 3,000 square feet. The existing configuration is primarily office space, spread across three floors (first, second, and third). A sizable basement area of approximately 1,761 square feet provides ample storage. Located in the heart of Leesburg, Loudoun County (zip code 20175), this property benefits from its prime location and historical significance. The building's classic architecture complements its modern functionality, making it an attractive option for businesses seeking a prestigious address in a vibrant community. This is a rare opportunity to secure office space in a well-established building with a proven track record. The property is situated at 1 East Market St., Leesburg, Virginia. Contact us today to learn more about leasing options and explore the possibilities this landmark location offers.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1850
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,048 SF
Lot 0.09 ac (3,920 SF)
Zoning code LB:B1
APN 231-38-3784-000
UPID US87-3542197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr Stacey Race Hoffmann Child/Family Services Medical Clinic Physician
  • Walsh, Colucci, Lubeley & Walsh, P.C. Law Firm
  • Bruce W McLaughlin Law Offices Law Firm
  • The Law Office of Thomas S. Rock, PLLC Law Firm
  • Floor Coverings International Leesburg, VA General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.50M
CAP Approach CAP
$4.22M
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$3.50M
Owner & transaction history
Market And King LLC · 2 yrs held
Market And King LLC
since 2024
Last sale
$3.5M
7 recorded transactions
2024
$3.5M
2018
Price N/A
2007
$4.6M
2006
$10
2005
$10
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LB:B1 · Leesburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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