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203 Harrison St SE Leesburg, VA 20175

Retail space Google Maps
48,999 SF 1.9 ac lot Built 1983
Entity Owned 25-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$11.62M
Range $10.45M – $12.78M (±10%)
Property ID US87-3446511

Property summary

AI-generated overview

Market Station offers exceptional executive office space for lease in the heart of Downtown Leesburg, Loudoun County. This highly sought-after location boasts 5,233 total square feet, with 3,148 square feet currently vacant and divisible into units ranging from 943 to 2,205 contiguous square feet. The building is situated within a HUBZone, providing potential access to federal contracting benefits. Its prime location directly across from the Government Center and just one block from the County Courthouse ensures high visibility and convenient access to government services. The property benefits from its proximity to the popular Tuscarora Mill, offering a variety of nearby deli and restaurant options for tenants and their clients. On-site amenities include ample parking, on-site management, and signage opportunities, enhancing the overall tenant experience. The unique office layouts provide flexibility for various business needs and sizes. Multiple tenancy options are available, making this an ideal location for businesses of all sizes seeking a prestigious and convenient address in Loudoun County. The building's strategic location and attractive features make it a compelling opportunity for businesses seeking a thriving and accessible location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1983
Construction FRAME
Total area 48,999 SF
Lot 1.9 ac (82,764 SF)
Zoning code LB:B1
APN 231-28-7688-000
UPID US87-3446511

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
  • Restaurant
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Specialty Food Shop Wine and Liquor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$12.84M
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.62M

Owner & transaction history

1 recorded transaction
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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