Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    605 Market St Leesburg, VA 20176-4114

    • Automotive properties
    • 7,696 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3446491
    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.

    Current Use by Public Records

    • Little Blessings Preschool / Preschool
    • ISDD Ministries--Ministerio ISDD / Church / Place Of Worship
    • NTB-National Tire & Battery / Oil Change Service / Wheel Alignment Service
    • IPUL Leesburg - Iglesia Pentecostal Unida Latinoamericana / Church
    • Holy Trinity Lutheran Church / Church / Lutheran Church

    Property Details for 605 Market St

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.60 lot acres
    Property size
    7,696 SF
    Zone code
    LB:CDD
    Property type
    Automotive properties
    APN
    188-16-4003-000
    APU
    188164003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.5504
    Latitude
    39.1074
    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
    $10,304
    $757,900
    $433,280
    $1,191,180
    -
    $757,900
    $433,280
    $1,191,180

    Comparable in this City

    • Value Estimation
      $725,000
      6,116 SF

      10 Catoctin NE Cir

      VEHICLE SALES, RENTALS • 6,116 SF
      10 Catoctin NE Cir, Leesburg, VA 20176-3100
      View Details
    • Value Estimation by Request
      0.06 Acres

      Leesburg, VA 20176

      VEHICLE SALES, RENTALS • 0.06 Acres
      Leesburg, VA 20176
      View Details
    • Value Estimation by Request
      1,722 SF

      104 Market St

      VEHICLE SALES, RENTALS • 1,722 SF
      104 Market St, Leesburg, VA 20176-2806
      View Details
    • Value Estimation by Request
      3,968 SF

      509 Market St

      VEHICLE SALES, RENTALS • 3,968 SF
      509 Market St, Leesburg, VA 20176-4113
      View Details
    • Value Estimation by Request
      1,722 SF

      Leesburg, VA 20176

      VEHICLE SALES, RENTALS • 1,722 SF
      Leesburg, VA 20176
      View Details
    • Value Estimation
      $680,000
      8,260 SF

      925 Edwards Fry NE Rd

      VEHICLE SALES, RENTALS • 8,260 SF
      925 Edwards Fry NE Rd, Leesburg, VA 20176-3301
      View Details

    Similar Nearby for Sale

    • $1,400,000
      3,200 SF

      Leesburg Mixed-Use Commercial Building

      Historic building, fully leased, prime location
      209 Old Waterford Rd, Leesburg, VA 20176
      View Details
    • Contact for pricing
      1.70 Acres

      Leesburg Mixed-Use Commercial Land

      1.7-acre pad site, prime location.
      267 And Battlefield Pkwy, Leesburg, VA 20176
      View Details
    • $679,990

      Leesburg Specialty Property For Sale

      Specialty property available for purchase in Leesburg, Virginia.
      43107 Sherbrooke Ter, Leesburg, VA 20176
      View Details
    • New
      $419,999
      15.79 Acres

      Wooded Acreage in Leesburg, VA

      15.79-acre wooded retreat with mountain views near historic Leesburg.
      Parcel C - Taylorstown Rd, Leesburg, VA 20176
      View Details
    • $385,000

      Updated Condo in 55+ Community

      Updated 2-bedroom condo in a secure, amenity-rich 55+ community.
      19385 Cypress Ridge Ter, Leesburg, VA 20176
      View Details
    • $850,000

      Leesburg Specialty Property For Sale

      Specialty property available for purchase in Leesburg, Virginia.
      43084 Little Angel Ct, Leesburg, VA 20176
      View Details

    Similar Nearby for Lease

    • $19,900 /Mo
      4,200 SF

      Leesburg Automotive Dealership with Bays

      Prime dealership with service bays on a highly visible lot.
      911 Edwards Ferry Rd NE, Leesburg, VA 20176
      View Details
    • Contact for pricing
      317,392 SF

      Battlefield SC Retail Space

      Prime Loudoun County retail space available.
      0 Rd. Ne & Leesburg Byp, Leesburg, VA 20176
      View Details
    • Contact for pricing
      2,441 SF

      Retail Space in Leesburg Center

      Retail space with major retailers and high traffic.
      609-617 Potomac Station Dr, Leesburg, VA 20176
      View Details
    • Contact for pricing
      5,200 SF

      Retail Space in Mixed-Use Center

      Retail space available in a busy Lansdowne mixed-use center.
      19300-19308 Promenade Dr, Leesburg, VA 20176
      View Details
    • $3,500 /Mo
      4,000 SF

      Retail Space in High-Traffic Area

      Spacious retail space with excellent visibility and ample parking.
      24 Plaza St NE, Leesburg, VA 20176
      View Details
    • $3,021 /Mo

      Retail Space in Village at Leesburg

      Retail space available in high-traffic Leesburg shopping destination.
      19333 Diamond Lake Dr, Leesburg, VA 20176
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    605 Market St
    Leesburg, VA 20176-4114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.