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Multi-Tenant Retail Investment 208-212 Church SE st 24 Unit Apartment Building For Sale Leesburg, VA 20175
Investment Highlights
- Fully leased, stabilized income — 11,466 SF across three buildings, 100% occupied by 10 diversified tenants generating $286,765 in gross income.
- Three of the most below-market suites totaling 5,554 SF have leases expiring within the next 12 to 24 months, providing a low-risk path to NOI growth.
- Five-mile average household income of $219,101, Loudoun County median HHI of $170,463, and a downtown Leesburg residential base.
- Multiple in-place leases below current downtown market rates, with an estimated $55K–$90K of annual rent growth achievable through routine re-leasing.
- One block off King Street and steps from Tuscarora Mill, South Street Under, the Loudoun County Courthouse, and the W&OD Trail.
Executive Summary
Stabilized multi-tenant retail investment in the heart of downtown Leesburg with significant mark-to-market upside. The 11,466 SF property sits on a 0.55-acre corner at Church and South Streets, fully leased to 10 tenants generating $286,765 in gross income and $218,043 in NOI. Multiple in-place leases are materially below current downtown market rates, with an estimated $55,000–$90,000 of annual rent growth achievable through routine re-leasing as leases roll over the next 12 to 24 months. Diverse tenancy includes retail, office, residential, and creative-use users.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$279,778
|
$6.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$279,778
|
$6.99
|
| Taxes |
$23,512
|
$0.59
|
| Operating Expenses |
$11,600
|
$0.29
|
| Total Expenses |
$35,112
|
$0.88
|
| Net Operating Income |
$244,666
|
$6.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $279,778 |
| Annual Per SF | $6.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $279,778 |
| Annual Per SF | $6.99 |
| Taxes | |
|---|---|
| Annual | $23,512 |
| Annual Per SF | $0.59 |
| Operating Expenses | |
|---|---|
| Annual | $11,600 |
| Annual Per SF | $0.29 |
| Total Expenses | |
|---|---|
| Annual | $35,112 |
| Annual Per SF | $0.88 |
| Net Operating Income | |
|---|---|
| Annual | $244,666 |
| Annual Per SF | $6.12 |
Property Facts
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $2,698,220 | |
| Land Assessment | $914,700 | Annual Taxes | $23,512 ($0.39/SF) |
| Improvements Assessment | $1,783,520 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$914,700
Improvements Assessment
$1,783,520
Total Assessment
$2,698,220
Annual Taxes
$23,512 ($0.39/SF)
Tax Year
2025
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