Entity Owned 
For Sale
1 / 34
$19,645,000
1602 Village Market Blvd SE, Leesburg, VA 20175
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Property summary
AI-generated overview
This Class-A retail space is configured with approximately 1,728 square feet of retail area and features high-end interior finishes. It is located in a commercial area with access to Route 7, Route 267, Route 28, and Route 15, and is surrounded by numerous nearby amenities. The site includes free covered parking. Property amenities are described to include a pop-up fountain, WiFi, and outdoor features such as a firepit, along with related on-site event programming; the listing also references nearby Metropolitan Leesburg apartments.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
110,761 SF
Zoning code
LB:B4
APN
149-28-0225-005
UPID
US87-3545916
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.17M
Comparable Approach
Comparable
$25.83M
Blend (final)
Blend
$19.65M
Owner & transaction history
since 2019
1 recorded transaction
Zoning & alternative use
LB:B4 · Leesburg, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$19.65M
Value range
$17.68M – $21.61M
±10% around blend
Estimated value / SF
$177 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$17.68M
blend $19.65M
$21.61M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
110,761 SF
Year built
2010
Stories
1
APN
149-28-0225-005
Zoning
LB:B4
Assessed value
$13,642,970
Annual tax
$118,012
3
Income approach: direct capitalization
Partial preview
Income approach indication
$21.17M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$22.93M
@ 6.5% CAP return
$21.17M
@ 7% CAP return
$19.65M
4
Sales comparison
Partial preview
Sales approach indication
$25.83M
Range $25.83M – $54.93M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$19.65M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 39 sales
$306
-42%
Submarket 80 sales
$330
-46%
County 359 sales
$294
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $177/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13.64M
Move the market yield to see immediate price impact.
Value / SF
$123
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$860k
$17.19M
$12.28M
$9.55M
$955k
$19.10M
$13.64M
$10.61M
$1.05M
$21.01M
$15.01M
$11.67M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$118,012
Tax year 2024
Assessed value
$13,642,970
Assessed 2024
Previous assessed
$14,348,890
-4.9% YoY
Effective rate
0.87%
On assessed value
Assessed land
$3,322,800
Assessed improvement
$10,320,170
Land market value
$3,322,800
Improvement market value
$10,320,170
Total market value
$13,642,970
Applied tax rate
13.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
110,761 SF
Zoning code
LB:B4
APN
149-28-0225-005
UPID
US87-3545916
Jurisdiction
LOUDOUN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LB:B4 · Leesburg, VAZoning LB:B4 · permitted uses
LB:B4 · Leesburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LB:B4
Jurisdiction
Leesburg, VA
Recorded code
LB:B4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LB:B4 in Leesburg, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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