5 Ft Evans NE Rd Leesburg, VA 20176-4407
Property profile & analytics
5 Ft Evans NE Rd, Leesburg, VA 20176-4407
- Turn key restaurants
- 5,897 SF
- 0.69 lot acres
Property ID
US87-3560998
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Anita's New Mexico Style Mexican Food / Restaurant
- In & Out Check Cashing / Check Cashing
- Leesburg Deli Market - Tienda Latina / Grocery & Convenience Store / Food Market
- C J Wireless / Mobile Phone Store / Electronics & Wireless Store
Property Details for 5 Ft Evans NE Rd
- Year built
- 1981
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.69 lot acres
- Property size
- 5,897 SF
- Zone code
- LB:CDD
- Property type
- Turn key restaurants
- APN
- 189-47-0391-000
- APU
- 189470391000
Description
This exceptional 10,488-square-foot retail property in Leesburg, Virginia, presents a compelling investment opportunity. Located at 5 Fort Evans Rd NE, 20176, this multi-tenant, fee-simple property boasts a 5.00% cap rate and a strong net operating income (NOI) of $219,320. Currently 100% occupied with a mix of popular local restaurants, a barbershop, and a nail salon, the property benefits from below-market rents, offering significant upside potential through future lease adjustments. The 1.31-acre lot features excellent visibility and access, situated at the intersection of Market Street and Fort Evans Road, with a large monument sign and convenient ingress/egress points. Its strategic location near US Highway 15 and State Highway 7 ensures high traffic volume (80,000 vehicles daily). The property's proximity to a Giant Food-anchored shopping center, Leesburg Premium Outlets, and other national retailers like Costco, Home Depot, and Marshalls, creates a synergistic retail environment and strong consumer base. The 5-mile trade area boasts over 98,000 residents and 40,000 employees, with an average household income nearing $200,000, providing a robust and stable demographic profile. This net-lease investment offers a rare combination of strong current performance and significant future growth potential. The asking price is $4,386,000, representing a price per square foot of $418.19. This is a fee simple ownership (land and building) with no ground lease. The investment type is a multi-tenant net lease.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,200,000
- ML approach
- $4,200,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Loudoun
- State
- Virginia
- Longitude
- -77.5481
- Latitude
- 39.1071
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,816
$265,400
$1,100,620
$1,366,020
-
$265,400
$1,100,620
$1,366,020
