Versatile Industrial and Flex
For Sale
Contact for pricing
210 N 21st St & 105 E Cornwell Lane, Purcellville, VA 20132
Portfolio with industrial and flex space in Loudoun County.
Property Size36,325 SF
Lot Size4.28 Acres
Price / SF$265.49
Days on Market226
Property Features for 210 N 21st St & 105 E Cornwell Lane
General Information
Standard status
Active
Size
36,325 SF
Lot size
4.28 Acres
Property subtype
Industrial
Zoning
PV-C4
Building Details
Buildings
2
Units
9
Listing Agency:
Serafin Real Estate
Listed By:
Grant Wetmore · License #VA 0225254349
(703) 261-4809
Source:
Crexi
Added: Feb 26
Changed: Sep 30
Last Checked: Oct 9 at 5:29PM
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.
This portfolio offers an opportunity for an owner-user to establish a presence in Purcellville. The properties, located at 210 N 21st Street and 105 E Cornwell Lane, combine for a total of 36,325 square feet across 4.28 acres, featuring a mix of industrial and flex space. The existing leases are short-term, providing flexibility for an owner-occupant to occupy space almost immediately or phase into larger portions of the portfolio over time. The current occupancy is 95%. The properties are situated along the Route 7 (Harry Byrd Highway) corridor, ensuring logistics and transit for serving the Northern Virginia, D.C., and Shenandoah Valley markets. The portfolio allows for a "grow-as-you-go" strategy, with the 27,685 square foot flex facility at 21st Street and the 8,640 square foot warehouse at Cornwell. A new owner can collect short-term cash flow from established tenants, such as Virginia Regional Transit, while waiting for lease expirations to reclaim additional square footage.
Key Highlights
- 95% occupancy provides immediate, reliable income
- Strategic location along Route 7 provides seamless logistics
- Located in Loudoun County, the most affluent and economically resilient county in the nation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$538,903
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,778,060
$10.8M
Cap Rate 7%
$7,698,614
$7.7M
Cap Rate 9%
$5,987,811
$6.0M
Market Conditions
NOI Build-Up for 36,325 SF
Gross rent
$871.8K $24.00/SF
− Vacancy
−$42.7K −$1.18/SF
EGI
$829.1K $22.82/SF
− OpEx
−$290.2K −$7.99/SF
NOI
$538.9K $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%
$10,778,060
Cap Rate 7%
$7,698,614
Cap Rate 9%
$5,987,811
Alternative Uses
Best Use
Flex RnD
$7.70M
$6.74M – $8.98M
NOI $538,903 @ 7.0% cap · market cap 5.59%
Second Best
Industrial
$3.43M
$3.00M – $4.00M
NOI $240,235 @ 7.0% cap · market cap 2.49%
Theoretical Best
Specialty Retail
$11.38M
$9.96M – $13.28M
NOI $796,880 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
852
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
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Frequently Asked Questions
What type of property is this?
Flex space - Portfolio with industrial and flex space in Loudoun County.
Where is this flex space located?
The property is located at 210 N 21st St & 105 E Cornwell Lane Purcellville, VA.
What is the asking price?
The asking price for this property is $9,644,000.
What are key features of this property?
This property features: 95% occupancy provides immediate, reliable income; Strategic location along Route 7 provides seamless logistics; Located in Loudoun County, the most affluent and economically resilient county in the nation
