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Financial
Distress signals
Property profile

508 E Market St Leesburg, VA 20176

FOR LEASE
Office Spaces
Property ID
US87-3542614
11,968 SF 0.54 ac lot Built 1978
Last sale Aug 2025 · $3,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Class A executive office space, located at 508 E Market St in Leesburg, Virginia, offers 4,131 square feet of immediately available space within a larger 11,968 square foot building. Built in 1978 and situated on a 23,485 square foot lot, the property boasts a desirable location in the Leesburg submarket of Loudoun County. The building is zoned LB:CDD, providing flexibility for various business uses. The single-tenant occupancy offers privacy and control, while the ample…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$16k
Tax billed · 2024
Assessed value$1.80M
Assessed land$541k
Assessed improvement$1.26M
Effective rate0.87%

Value estimate

· Oct 2026
$3.26M
$2.93M – $3.59M
CAP approach$2.29M
Submarket $/SF estimate$3.16M
NOI build-up
Gross scheduled income$353k
Vacancy & credit loss−$51k
Operating expenses−$76k
NOI · 1,029,777.27% cap applied$227k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$303/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$264 – $383
Qualifying comparables6

Cap rate analysis

How does the asset earn?
1,029,777.27%
$227k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LB:CDD
JurisdictionLOUDOUN

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility16.3
Auto Parts Store14.8
Hotel & Motel14.3

Location

508 E Market St Leesburg, VA 20176
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30 King, Leesburg, VA 20176-2818 $1,600,000 Jan 2025 6,382 SF
134 Ft Evans NE, Leesburg, VA 20176-4440 $5,195,000 Dec 2022 8,400 SF
165 Ft Evans NE, Leesburg, VA 20176-4498 $14,550,000 Dec 2022 18,812 SF
20 Market, Leesburg, VA 20176-2805 $2,500,000 Oct 2021 11,031 SF
26 King, Leesburg, VA 20176-2845 $970,000 Sep 2019 6,383 SF
349 Market, Leesburg, VA 20176-4102 $2,425,000 May 2019 6,056 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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