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Property profile & analytics
OFF-MARKET
Estimated value
$5,245,000
Office Spaces
215 Depot SE Ct Leesburg, VA 20175-3017
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-3446607
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Construction
FRAME
Total area
25,500 SF
Lot
0.77 ac (33,541 SF)
Zoning code
LB:CDD
APN
231-29-0112-000
UPID
US87-3446607
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
-
Revenue Inbound Advertising Agency Marketing & Advertising
-
Splash Communications Advertising Agency Marketing & Advertising
-
The Fitzgerald Law Group, PLC Law Firm
-
Collective Health Center Alternative Medicine Practice
-
Leesburg Young Life Child Welfare Organization Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.21M
CAP Approach
CAP
$4.87M
Comparable Approach
Comparable
$5.95M
Blend (final)
Blend
$5.25M
Owner & transaction history
Building People Prop Dev LLC · 6 yrs held
Building People Prop Dev LLC
since 2020
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
LB:CDD · Leesburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.6M
+9.8%
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
$6,175,000
ML approach
$6,205,000
CAP Approach
CAP Return
Estimation
6%
$5,280,000
6.5%
$4,870,000
7%
$4,525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,800,000
Current use
WAREHOUSE, STORAGE
$8,570,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$5.25M
Range $4.72M – $5.77M · ±10% · vs last sale $4.95M (Apr 30 2020)
Last sale anchor
$4.95M
Apr 30 2020
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
$206 / 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
$35,798
Tax year 2024
Assessed value
$4,138,510
Assessed 2024
Previous assessed
$4,104,430
+0.8% YoY
Effective rate
0.86%
On assessed value
Assessed land
$704,400
Assessed improvement
$3,434,110
Land market value
$704,400
Improvement market value
$3,434,110
Total market value
$4,138,510
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
CEILING FURNACE
Stories
3
Total area
25,500 SF
Lot
0.77 ac (33,541 SF)
Zoning code
LB:CDD
APN
231-29-0112-000
UPID
US87-3446607
Jurisdiction
LOUDOUN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LB:CDD · Leesburg, VA
Zoning LB:CDD · permitted uses
LB:CDD · 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
COMMERCIAL (GENERAL) Current
Est. value
$7.8M
WAREHOUSE, STORAGE
Est. value
$8.6M
COMMERCIAL (GENERAL) 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
2002
Construction
FRAME
Heating
CEILING FURNACE
Stories
3
Lot
0.77 ac
Current owner
From public records · entity-resolved
Building People Prop Dev LLC
Entity
Mailing address
215 DEPOT CT SE, LEESBURG, VA 20175-3017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2020
—
Building People Prop Dev LLC
—
Deed
related
$2,036,000 · Business Fin Grp
Apr 30, 2020
$4,950,000
Building People Prop Dev LLC
Nv R/e Four LLC
Grant Deed
$2,475,000 · John Marshall Bk
May 9, 2018
$3,990,000
Nv R & E Four LLC
Dev Thompson
Grant Deed
$3,000,000 · Eagle Bk
Apr 8, 2015
$2,000,000
Thompson Dev Db LLC
Naspira LLC
Grant Deed
$1,300,000 · Freedom Bk/va
Aug 27, 2014
$1,775,000
Naspira LLC
215depot Court Holdings LLC
Grant Deed
—
Jun 20, 2014
$3,050,000
215 Depot Court Holdings LLC
Brandenstein Henry F JR
Trustees Deed
related
—
May 27, 2005
$1,134,000
September Ventures LLC
Depot Court LLC
Grant Deed
—
May 27, 2005
$5,166,000
Depot Ventures LLC
Deport Court LLC
Grant Deed
related
$5,075,000 · Cwcapital LLC
May 27, 2005
—
Depot Ventures LLC
September Ventures LLC
Grant Deed
related
—
—
—
Building People Prop Dev LLC
—
Deed Of Trust
related
$2,036,000 · Business Fin Grp
—
—
Depot Court LLC
—
Deed Of Trust
related
$3,750,000 · Wachovia Bank NA
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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