Purcellville Industrial Flex
For Sale
$2,645,000
105 E Cornwell Ln, Purcellville, VA 20132
8,640 SF industrial flex asset for sale in Purcellville.
Property Size8,640 SF
Price / SF$306.13
Days on Market149
Property Features for 105 E Cornwell Ln
General Information
Standard status
Active
Size
8,640 SF
Building Details
Year Built
2002
Listing Agency:
Serafin Real Estate
Listed By:
Gregory Grant Wetmore Jr.
(703) 727-2542
Source:
Riverfoxrealty
Added: May 27
Changed: Oct 11
Last Checked: Oct 5 at 8:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serafin Real Estate
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Investment Insights
Based on property information with market context.
Located at 105 E Cornwell Lane, this 8,640-square-foot industrial flex asset presents a prime opportunity for an owner-user to acquire a high-quality space for their business in Purcellville. The property is currently occupied by Eagle View CrossFit, a stable tenant. The property's pricing is designed to accommodate an owner-user transition, which is particularly advantageous given the scarcity of industrial space in Western Loudoun, where vacancy rates have fallen to approximately 1.6%. Acquiring this facility offers substantial financial benefits for an owner-user, providing a hedge against rent increases in Loudoun County. Ownership allows a business to stabilize long-term occupancy costs, build equity in a high-appreciation submarket, and benefit from land value appreciation. Constructed in 2002 with concrete-block, the building features Phase III heavy power and a reinforced concrete slab foundation, providing structural durability and utility for commercial or light industrial operations. With immediate access to Route 7 and proximity to Washington Dulles International Airport, 105 E Cornwell Lane is a visible hub for customers and logistics. This is a chance to control a fee-simple building within the Valley Industrial Park.
Key Highlights
- Rare opportunity to own a fee‑simple industrial building in a market with extremely low vacancy (1.6%) and limited options to purchase.
- Strategic pricing to facilitate an owner‑user transition, offering substantial financial benefits compared to leasing.
- Hedge against aggressive rent growth in Loudoun County and build equity in a high‑appreciation submarket.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,180
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,563,600
$2.6M
Cap Rate 7%
$1,831,143
$1.8M
Cap Rate 9%
$1,424,222
$1.4M
Market Conditions
NOI Build-Up for 8,640 SF
Gross rent
$207.4K $24.00/SF
− Vacancy
−$10.2K −$1.18/SF
EGI
$197.2K $22.82/SF
− OpEx
−$69.0K −$7.99/SF
NOI
$128.2K $14.84/SF
Area
Loudoun County, VA
Vacancy
4.90%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,563,600
Cap Rate 7%
$1,831,143
Cap Rate 9%
$1,424,222
Alternative Uses
Best Use
Flex RnD
$1.83M
$1.60M – $2.14M
NOI $128,180 @ 7.0% cap · market cap 4.85%
Second Best
Industrial
$816.3K
$714.3K – $952.4K
NOI $57,141 @ 7.0% cap · market cap 2.16%
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,540 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20132, VA
18,483
Population
6,309
Households
2.9
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
84.6 sq mi
ZIP Area
218
Density / Sq Mi
$180,663
Median Household Income
$80,404
Median Earnings
$2,225
Median Rent
$704,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Smokin Willy — 201 N Maple Ave Unit I, Purcellville, VA 20132
Frequently Asked Questions
What type of property is this?
Flex space - 8,640 SF industrial flex asset for sale in Purcellville.
Where is this flex space located?
The property is located at 105 E Cornwell Ln Purcellville, VA.
What is the asking price?
The asking price for this property is $2,645,000.
What are key features of this property?
This property features: Rare opportunity to own a fee‑simple industrial building in a market with extremely low vacancy (1.6%) and limited options to purchase.; Strategic pricing to facilitate an owner‑user transition, offering substantial financial benefits compared to leasing.; Hedge against aggressive rent growth in Loudoun County and build equity in a high‑appreciation submarket.
