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Financial
Distress signals
Property profile

722 E Market St Leesburg, VA 20176

FOR LEASE
Other office properties
Property ID
US87-3562514
16,014 SF 1.47 ac lot Built 1979
Last sale Jul 2024
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an office building in Leesburg, Virginia, located at 722 E Market St, with access to Route 7 and the Leesburg Bypass. The building offers office suites in flexible sizes and includes exterior building signage visible from the area. The space is configured as office use within an existing office building setting and is designed to support day-to-day access for staff and visitors via major roadways.

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?
$24k
Tax billed · 2024
Assessed value$2.81M
Assessed land$1.47M
Assessed improvement$1.34M
Effective rate0.87%

Value estimate

· Oct 2026
$3.03M
$2.72M – $3.33M
CAP approach$3.06M
Submarket $/SF estimate$4.23M
NOI build-up
Gross scheduled income$472k
Vacancy & credit loss−$68k
Operating expenses−$101k
NOI · 1,081,696.43% cap applied$303k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
1,081,696.43%
$303k 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: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop18.2
Parking Facility16.3
Storage Facility15.5

Location

722 E Market St Leesburg, VA 20176
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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
165 Ft Evans NE, Leesburg, VA 20176-4498 $14,550,000 Dec 2022 18,812 SF
134 Ft Evans NE, Leesburg, VA 20176-4440 $5,195,000 Dec 2022 8,400 SF
20 Market, Leesburg, VA 20176-2805 $2,500,000 Oct 2021 11,031 SF
50 Catoctin NE, Leesburg, VA 20176-3102 $9,200,000 Oct 2019 40,800 SF
26 King, Leesburg, VA 20176-2845 $970,000 Sep 2019 6,383 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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