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Property profile & analytics
FOR SALE
Office Spaces

209 Old Waterford Rd NW Leesburg, VA 20176

3,200 SF 0.24 ac lot Built 1890
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US87-3542754
Property summary
AI-generated overview

This fully leased, 3,200 square foot mixed-use commercial building presents a unique investment opportunity in Leesburg, Virginia. Situated on a 0.24-acre lot with 16 paved parking spaces, this property boasts a prime location just 40 miles from Washington, D.C., adjacent to historic downtown Leesburg, and near Inova Cornwall Campus hospital. Originally built in 1980, preserving its historic charm, the building features two distinct units. The ground floor, currently leased by the Commonwealth of Virginia, comprises 1,800 square feet and includes five offices, a large conference room with vaulted ceilings, a fireplace, hardwood floors, an eat-in kitchen, and two half-baths. The upper level, a 1,400 square foot medical suite, offers a separate entrance, waiting room, administrative space, examining rooms, one full bath with shower, and one half-bath. Recent improvements include a new HVAC system, fresh carpeting and paint on the main floor, updated half-baths, new landscaping, exterior repainting (within the last 5 years), and a new roof (within the last 10 years). The property's convenient location and comfortable setting make it ideal for a variety of businesses. Zoning information is available in the provided documents. Please note the property was originally zoned residential

Property profile
Verified
Property type Office Spaces
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Loudoun Holistic Health Partners Physician
  • Mt. Zion Community Cemetery Cemetery
  • Dr. David W. Stewart, MD Pediatrician Physician
  • Dr. Anne M. Stewart, MD Pediatrician Physician
  • Synergy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$1.22M
Owner & transaction history
Jl Squared LLC · 5 yrs held
Jl Squared LLC
since 2021
Last sale
$1.2M
1 recorded transaction
2021
$1.2M
Zoning & alternative use
LB:MC · Leesburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.3M +30.5%
Warehouse, storage $1.1M +10.9%
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More about this property
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