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Property profile & analytics
FOR SALE
Office Spaces

508 E Market St Leesburg, VA 20176

11,968 SF 0.54 ac lot Built 1978
Entity Owned Free & Clear
Property ID
US87-3542614
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 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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,968 SF
Lot 0.54 ac (23,522 SF)
Zoning code LB:CDD
APN 188-15-6585-000
UPID US87-3542614
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.29M
Comparable Approach Comparable
$3.16M
Blend (final) Blend
$3.26M
Owner & transaction history
Wells Fargo Bank NA
Wells Fargo Bank NA
since 2025
Last sale
$3.8M
2 recorded transactions
2025
$3.8M
2014
$2.1M
Zoning & alternative use
LB:CDD · Leesburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $4.7M +30.5%
Warehouse, storage $4.0M +10.9%
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More about this property
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