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Property profile & analytics
OFF-MARKET
Estimated value
$9,000,000
Retail space
131 Ft Evans NE Rd Leesburg, VA 20176-4420
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-3556817
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
STEEL FRAME
Total area
46,030 SF
Lot
5.37 ac (233,917 SF)
Zoning code
LB:B2
APN
188-18-6716-000
UPID
US87-3556817
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
-
Riva Furniture Furniture & Home Goods Home Decor Store
-
Saloni Furniture US Furniture & Home Goods Home Decor Store
-
West Park Supplies Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.00M
CAP Approach
CAP
$12.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.00M
Owner & transaction history
131 Fort Evans Va LLC · 1 yrs held
131 Fort Evans Va LLC
since 2024
Last sale
$9.0M
5 recorded transactions
Zoning & alternative use
LB:B2 · Leesburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Leesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leesburg 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
$9,000,000
ML approach
$9,000,000
CAP Approach
CAP Return
Estimation
6%
$13,070,000
6.5%
$12,065,000
7%
$11,200,000
Blend value · Realmo final
$9.00M
Range $8.10M – $9.90M · ±10% · vs last sale $9.00M (Jul 29 2024)
Last sale anchor
$9.00M
Jul 29 2024
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
$196 / 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
$70,991
Tax year 2024
Assessed value
$8,207,100
Assessed 2024
Previous assessed
$7,990,280
+2.7% YoY
Effective rate
0.86%
On assessed value
Assessed land
$3,961,800
Assessed improvement
$4,245,300
Land market value
$3,961,800
Improvement market value
$4,245,300
Total market value
$8,207,100
Applied tax rate
13.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
46,030 SF
Lot
5.37 ac (233,917 SF)
Zoning code
LB:B2
APN
188-18-6716-000
UPID
US87-3556817
Jurisdiction
LOUDOUN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LB:B2 · Leesburg, VA
Zoning LB:B2 · permitted uses
LB:B2 · Leesburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leesburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
5.37 ac
Current owner
From public records · entity-resolved
131 Fort Evans Va LLC
Entity
Mailing address
8328 SHOPPERS SQ STE #101, MANASSAS PARK, VA 20111-2174
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
$9,000,000
131 Fort Evans Va LLC
131 Fort Evans LLC
Warranty Deed
$7,200,000 · First Citizens Bank & Trust Company
Jan 6, 2022
—
131 Fort Evans LLC
—
Deed
related
$4,675,000 · First Citizens Bank & Trust Company
Oct 4, 2021
$5,500,000
131 Fort Evans LLC
Store Master Funding Xii LLC
Special Warranty Deed
—
Nov 29, 2017
$6,451,669
Store Master Funding Xii LLC
J Ptshp
Warranty Deed
related
$6,520,000 · Citibank
Jun 2, 2006
$6,200,000
J Ptshp
Loudoun Indoor Tennis & Fitness
Deed Of Trust
related
$8,000,000 · Manufacturers Traders & 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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