Property profile

1 Market St Leesburg, VA 20176

OFF-MARKET
Office Spaces
Property ID
US87-3542197
22,048 SF 0.09 ac lot Built 1850
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Medical Clinic Physician
  • Law Firm
  • Law Firm
  • Law Firm
  • General Contractor Renovation Specialist

Location

1 Market St Leesburg, VA 20176-3003
Leesburg metro Census 610505 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

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

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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