Historic Mixed-Use
For Sale
$1,199,999
36550 Philomont Rd, Purcellville, VA 20132
Includes an operating general store, three upper-level apartments, and several distinct income sources.
Property Size4,800 SF
Price / SF$249
Days on Market73
Property Features for 36550 Philomont Rd
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1913
Buildings
1
Listing Agency:
Thomas and Talbot Estate Properties, Inc.
Listed By:
Kristin D Johnson
(540) 687-6500
Source:
Findahomewithus
Added: Aug 17
Changed: Oct 26
Last Checked: Oct 26 at 4:41PM
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 Thomas and Talbot Estate Properties, Inc.
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Investment Insights
Based on property information with market context.
The Philomont General Store is a 4,800-square-foot mixed-use property built in 1913. The building combines an operating general store with three apartments on the upper level, along with income associated with the U.S. Postal Service and a rooftop telecommunications equipment lease. This configuration brings commercial operations, residential space, and additional lease components under one roof.
The property is located at 36550 Philomont Rd in Purcellville, Virginia, within the Philomont Historic District. It is recognized as an NPS Contributing Resource and is listed on both the Virginia Landmarks Register and the National Register of Historic Places. The surrounding setting includes Loudoun County horse country, farmland, and the countryside of Western Loudoun.
The property is located at 36550 Philomont Rd in Purcellville, Virginia, within the Philomont Historic District. It is recognized as an NPS Contributing Resource and is listed on both the Virginia Landmarks Register and the National Register of Historic Places. The surrounding setting includes Loudoun County horse country, farmland, and the countryside of Western Loudoun.
Key Highlights
- 4,800 SF mixed‑use property built in 1913
- Operating general store with three upper‑level apartments
- Income associated with the U.S. Postal Service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,300
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,106,000
$2.1M
Cap Rate 7%
$1,504,286
$1.5M
Cap Rate 9%
$1,170,000
$1.2M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$144.0K $30.00/SF
− Vacancy
−$3.6K −$0.75/SF
EGI
$140.4K $29.25/SF
− OpEx
−$35.1K −$7.31/SF
NOI
$105.3K $21.94/SF
Area
Loudoun County, VA
Vacancy
2.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,106,000
Cap Rate 7%
$1,504,286
Cap Rate 9%
$1,170,000
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.32M – $1.76M
NOI $105,300 @ 7.0% cap · market cap 8.78%
Second Best
Retail
$1.17M
$1.02M – $1.36M
NOI $81,769 @ 7.0% cap · market cap 6.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes an operating general store, three upper-level apartments, and several distinct income sources.
Where is this mixed-use property located?
The property is located at 36550 Philomont Rd Purcellville, VA.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: 4,800 SF mixed‑use property built in 1913; Operating general store with three upper‑level apartments; Income associated with the U.S. Postal Service
