Purcellville Industrial Flex
105 E Cornwell Ln Purcellville, VA 20132
105 E Cornwell Ln, Purcellville, VA, 20132
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For Sale
Contact for pricing
8,640 SF industrial flex asset for sale in Purcellville.
Property Size8,640 SF
Price / SF$306.13
Days on Market54
Property Features for 105 E Cornwell Ln
General Information
- Standard status
- Active
- Size
- 8,640 SF
- Property subtype
- FLEX_R_AND_D
Listing Agency
Serafin Real Estate
(703) 727-2542
Listed by
Grant Wetmore · License #0225239987
Source
Moodyscre
Added: May 25 Checked: Jul 17 at 5:16 am
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
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.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.4k | $24.00 |
| − Vacancy | −$10.2k | −$1.18 |
| EGI | $197.2k | $22.82 |
| − OpEx | −$69.0k | −$7.99 |
| NOI | $128.2k | $14.84 |
8,640 SF · lease $24.00/SF/yr · vacancy 4.90% · expense 35.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eagle View CrossFit
Gym & Fitness Center
DeSantis Designs Inc
General Contractor
Treowen Manufacturing, Inc.
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Smokin Willy — 201 N Maple Ave Unit I, Purcellville, VA 20132
FAQs
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.
