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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Office Spaces
111 Washington St Middleburg, VA 20117
Entity Owned
Property ID
US87-3484197
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,142 SF
Lot
0.11 ac (4,792 SF)
Zoning code
MB:C1
APN
538-28-9938-000
UPID
US87-3484197
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
-
Transformational Healing: Cindy Battino, BHSP Life Coach Reiki Therapist
-
Dr. L. Andrew Smith, DC Physician
-
Atlantic Union Bank Bank Loan Service
-
Lenhill Silver Gallery (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Middleburg Trust Co Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$995k
Owner & transaction history
111 East Washington Street LLC
111 East Washington Street LLC
since 2025
Last sale
$980,000
7 recorded transactions
Zoning & alternative use
MB:C1 · Middleburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+34.5%
Warehouse, storage
$1.1M
+14.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middleburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,000,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$925,000
Current use
RETAIL STORES
$1,245,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$1,055,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $980k (May 4 2021)
Last sale anchor
$980k
May 4 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$317 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,888
Tax year 2024
Assessed value
$1,143,150
Assessed 2024
Previous assessed
$988,260
+15.7% YoY
Effective rate
0.86%
On assessed value
Assessed land
$503,200
Assessed improvement
$639,950
Land market value
$503,200
Improvement market value
$639,950
Total market value
$1,143,150
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Stories
2
Total area
3,142 SF
Lot
0.11 ac (4,792 SF)
Zoning code
MB:C1
APN
538-28-9938-000
UPID
US87-3484197
Jurisdiction
LOUDOUN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MB:C1 · Middleburg, VA
Zoning MB:C1 · permitted uses
MB:C1 · Middleburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$925,000
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
111 East Washington Street LLC
Entity
Mailing address
PO BOX 1770, MIDDLEBURG, VA 20118-1770
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
$1,160,000
111 East Washington Street LLC
Ship Shape Holdings LLC
Deed
$964,750 · Truist Bank
Sep 22, 2023
$8,087,690
Blue Owl Aub Va Owner LLC
Atlantic Union Bank
Special Warranty Deed
—
May 4, 2021
$980,000
Ship Shape Holdings LLC
Am Sunshine LLC
Special Warranty Deed
$415,000 · 504 Capital Corp
May 4, 2021
—
Ship Shape Holdings LLC
—
Deed
related
$407,200 · First National Bank Of Pennsylvania
Apr 1, 2015
$980,000
Am Sunshine LLC
111 E Washington Street LLC
Grant Deed
$500,000 · Branch Bk&tr
Aug 15, 2007
—
111 E Washington Street LLC
—
Deed Of Trust
related
$1,100,000 · Burke & Herbert Bank & Trust
May 12, 2006
—
Charles R Turner JR.
Turner,charles R
Quit Claim Deed
related
—
May 12, 2006
$700,000
111 E Washington Street LLC
Turner,charles R JR
Grant Deed
$1,100,000 · First Savings Mortgage Corp
—
—
111 E Washington Street LLC
—
Deed Of Trust
related
$925,000 · Burke & Herbert Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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