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Property profile & analytics
FOR LEASE
Super regional malls
932 Edwards Ferry Rd Ne Leesburg, VA 20176
Entity Owned
7-yr Hold
Free & Clear
Property ID
US87-3446248
For Lease
1 / 2
$765,000
932 Edwards Ferry Rd Ne, Leesburg, VA 20176
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Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,680 SF
Lot
3.29 ac (143,312 SF)
Zoning code
LB:B3
APN
188-39-1594-000
UPID
US87-3446248
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
-
Benitez Landscape & Design Landscaping General Contractor
-
Regional Finance Loan Service
-
Forensic Evaluation & Treatment Services (F.E.A.T.S.) Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$787k
Blend (final)
Blend
$765k
Owner & transaction history
Mitco Shenandoah LLC · 7 yrs held
Mitco Shenandoah LLC
since 2019
4 recorded transactions
Zoning & alternative use
LB:B3 · Leesburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$930,000
+7.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Leesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leesburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Current use
WAREHOUSE, STORAGE
$930,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$37 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$50,524
Tax year 2024
Assessed value
$5,840,920
Assessed 2024
Previous assessed
$5,604,220
+4.2% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,240,800
Assessed improvement
$4,600,120
Land market value
$1,240,800
Improvement market value
$4,600,120
Total market value
$5,840,920
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Stories
1
Total area
20,680 SF
Lot
3.29 ac (143,312 SF)
Zoning code
LB:B3
APN
188-39-1594-000
UPID
US87-3446248
Jurisdiction
LOUDOUN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LB:B3 · Leesburg, VA
Zoning LB:B3 · permitted uses
LB:B3 · Leesburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leesburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$865,000
WAREHOUSE, STORAGE
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Stories
1
Lot
3.29 ac
Current owner
From public records · entity-resolved
Mitco Shenandoah LLC
Entity
Free & Clear · 7 yrs held
Mailing address
124 PARK ST SE STE #201, VIENNA, VA 22180-4654
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
—
Mitco Shenandoah LLC
—
Deed
related
$6,710,000 · John Marshall Bank
Jun 18, 2019
$9,650,000
Mitco Shenandoah LLC
Magaziner Fam Invs LLC
Grant Deed
—
Jun 17, 2019
$9,650,000
Mitco Shenandoah LLC
Magaziner Fam Invs LLC
Trustees Deed
$7,237,500 · Fvcbank
Jan 26, 2009
—
Magaziner Fam Inv S LLC
Magaziner,martin & Phyllis
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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