Property profile

209 Old Waterford NW Rd Leesburg, VA 20176

OFF-MARKET
Other office properties
Property ID
US87-3542754
3,200 SF 0.24 ac lot Built 1890
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Constructed in 1890 and rebuilt from its historic foundation in 1980, this 3,200-square-foot commercial building near historic downtown Leesburg is situated on a 10,454-square-foot lot and uses mixed construction materials. The property includes a paved parking lot with 16 spaces. The main level is configured as a legal suite and contains a large primary office, five separate offices, a conference room, hardwood floors, vaulted ceilings, an eat-in kitchen, and two half-baths. An upper level with access via a separate entrance or interior stairway is configured as a medical suite, with a waiting/sitting room, administrative office space, a nursing work area, examining rooms, one half-bath, and one full-bath with a shower. Building systems and finishes have been updated over time, including HVAC, carpet and paint on the main level, main-level half-bath updates, exterior and landscaping improvements, exterior HardiePlank painting within the past five years, and roof shingle replacement within the past ten years. The location provides convenient access to major highways and public transportation, and the area scores indicate the property is very bikeable and somewhat walkable.

Property profile

Verified
Property type Other office properties
Use group OFFICE (GENERAL)
Year built 1890
Construction FRAME
Total area 3,200 SF
Lot 0.24 ac (10,454 SF)
Zoning code LB:MC
APN 230-17-7709-000
UPID US87-3542754

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
  • Physician
  • Cemetery
  • Pediatrician Physician
  • Pediatrician Physician
  • Alternative Medicine Practice Spa & Massage Center

Location

209 Old Waterford NW Rd Leesburg, VA 20176-2116
Leesburg metro Census 610400 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$1.23M

Owner & transaction history

since 2021
Last sale
$1.2M
1 recorded transaction
2021
$1.2M

Zoning & alternative use

LB:MC · Leesburg, VA
Top alternative use upside
Retail stores $1.3M +30.5%
Warehouse, storage $1.1M +10.9%

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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