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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
212 King St Leesburg, VA 20175-3010
Entity Owned
1-yr Hold
Property ID
US87-3446555
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
2,532 SF
Lot
0.25 ac (10,890 SF)
Zoning code
LB:B1
APN
231-28-1494-000
UPID
US87-3446555
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
-
Black Walnut Brewery Production Facility Brewery & Distillery
-
Waverly Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$665k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Wa 212 South King St LLC · 1 yrs held
Wa 212 South King St LLC
since 2024
6 recorded transactions
Zoning & alternative use
LB:B1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,000,000
Current use
WAREHOUSE, STORAGE
$850,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10%
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
$273 / 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
$7,702
Tax year 2024
Assessed value
$890,440
Assessed 2024
Previous assessed
$896,340
-0.7% YoY
Effective rate
0.86%
On assessed value
Assessed land
$697,000
Assessed improvement
$193,440
Land market value
$697,000
Improvement market value
$193,440
Total market value
$890,440
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
1990
Heating
CENTRAL
Cooling
NONE
Buildings
2
Stories
2
Bathrooms
3
Total area
2,532 SF
Lot
0.25 ac (10,890 SF)
Zoning code
LB:B1
APN
231-28-1494-000
UPID
US87-3446555
Jurisdiction
LOUDOUN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LB:B1 · Leesburg, VA
Zoning LB:B1 · permitted uses
LB:B1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$850,000
RETAIL STORES Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Wa 212 South King St LLC
Entity
Mailing address
210 S KING ST, LEESBURG, VA 20175-3010
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
Md 212 South King St LLC
—
Deed
related
$2,200,000
Oct 16, 2024
—
Wa 212 South King St LLC
Meritant Property Management LLC
Deed
$4,959,000 · Mvb Bank INC
Feb 6, 2014
$525,000
Meritant Property Mgmt LLC
Bayview Ln Svcg LLC
Grant Deed
$393,750 · John Marshall Bk
Oct 28, 2013
$642,000
Bayview Ln Svcg LLC
Equity Trustees LLC
Trustees Deed
—
Oct 30, 2007
$750,000
Behnaz Doostmohammadian
Archer,alfred M & Lucy A
Grant Deed
$600,000 · Interbay Funding LLC
—
—
Behnaz Doostmohammadian
—
Deed Of Trust
related
$200,000 · Joe T Reeves
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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