508 E Market St Leesburg, VA 20176
Property profile & analytics
508 E Market St, Leesburg, VA 20176
- Office Spaces
- 11,968 SF
- 0.54 lot acres
Property ID
US87-3542614
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
- Ben Knows Loudoun / Consultant
- Christian Mollitor J.D./MBA - Country Homes & Local Commercial Properties - Virginia Realtor / Real Estate Agency
- Patty Donmoyer, REALTOR / Real Estate Agency
- Jill Depee, Long & Foster Realtor / Real Estate Agency
- Mark Graves, Long & Foster Real Estate, Inc. / Real Estate Agency
Property Details for 508 E Market St
- Year built
- 1978
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.54 lot acres
- Property size
- 11,968 SF
- Zone code
- LB:CDD
- Property type
- Office Spaces
- APN
- 188-15-6585-000
- APU
- 188156585000
Description
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 natural light and flexible floor plans cater to diverse business needs. This property is perfect for businesses seeking a blend of classic charm and modern amenities. Its prime location provides convenient access to major roadways and public transportation, ensuring excellent visibility and accessibility for employees and clients. Abundant parking is available, and customizable lease options are available to accommodate specific business requirements. Whether you're a startup, seeking a satellite office, or an established enterprise, this Leesburg location provides an ideal environment for growth and success. This is a rare opportunity to secure a high-quality office space in a thriving Loudoun County location. The zip code is 20176.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,475,000
- 6.5%
- $2,285,000
- 7%
- $2,125,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,160,000
Market price range: $3.16M - $4.59M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,630,000 Current use
- RETAIL STORES
- $4,735,000 Change: +30% Conversion: Easy
- WAREHOUSE, STORAGE
- $4,020,000 Change: +11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Loudoun
- State
- Virginia
- Longitude
- -77.5529
- Latitude
- 39.1097
- 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
$15,598
$541,000
$1,262,190
$1,803,190
-
$541,000
$1,262,190
$1,803,190
