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Property profile & analytics
OFF-MARKET
Medical Office Space
28 Market St, Leesburg, VA 20176-2805
Individually Owned
~
Est. High Equity
Property ID
US87-3443711
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,718 SF
Lot
0.04 ac (1,742 SF)
Zoning code
LB:B1
APN
231-47-9610-000
UPID
US87-3443711
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
-
Global Polishing Systems, LLC General Contractor
-
Virginia Managed Investment Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edward L Wetherell
Edward L Wetherell
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,531
Tax year 2024
Assessed value
$639,420
Assessed 2024
Previous assessed
$612,100
+4.5% YoY
Effective rate
0.87%
On assessed value
Assessed land
$104,500
Assessed improvement
$534,920
Land market value
$104,500
Improvement market value
$534,920
Total market value
$639,420
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Total area
2,718 SF
Lot
0.04 ac (1,742 SF)
Zoning code
LB:B1
APN
231-47-9610-000
UPID
US87-3443711
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.
Building & site characteristics
From public records
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Edward L Wetherell
Individual
Mailing address
PO BOX 6182, LEESBURG, VA 20178-7424
Ownership since
2025
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
Dec 4, 2025
—
Edward L Wetherell
Bradley J Gable
Warranty Deed
$400,000 · Oak View National Bank
Nov 5, 2025
—
Bradley J Gable
28 West Market St LLC
Warranty Deed
—
Jan 19, 2017
—
28 West Market Street LLC
—
Deed
related
$352,866 · Oak View Nat'l Bk
Mar 13, 2007
$695,000
28 West Market Street LLC
Cga Properties LLC
Grant Deed
$545,000 · Marshall National Bank & Trust
—
—
28 West Market Street LLC
—
Loan Modification
related
$352,866 · Oak View Nat'l Bk
—
—
28 West Narjet Street Kkc
—
Deed Of Trust
related
$522,000 · Oak View Nat'l Bk
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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