Renovated Restaurant and
For Sale
$3,400,000
36855 W MAIN STREET, Purcellville, VA 20132
Historic 1915 property includes private event areas, flexible outdoor dining, and a separate building for future reconfiguration.
Property Size7,121 SF
Days on Market69
Property Features for 36855 W MAIN STREET
General Information
Standard status
Active
Size
7,121 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$16,668
Building Details
Building Size
7,121 SF
Year Built
1915
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
David Poole · License #0225192913
(703) 362-0895
Source:
Barnesrealestatecompany
Added: Aug 3
Changed: Oct 3
Last Checked: Oct 10 at 2:56AM
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 Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
Built in 1915, this Purcellville restaurant property has undergone renovation and expansion and currently operates with a full-service restaurant and bar. A distinct lower-level pub is supported by the shared kitchen, while the upper floor provides sizable private areas for events or additional dining. The property also includes a rear porch designed for outdoor service, with retractable walls and installed heaters extending its seasonal usability.
The site is at 36855 W Main St in Purcellville, Virginia, with views toward Loudoun Country Club’s golf course. A separate building adds another existing structure that could be recreated as dining space or used for an alternative concept.
The site is at 36855 W Main St in Purcellville, Virginia, with views toward Loudoun Country Club’s golf course. A separate building adds another existing structure that could be recreated as dining space or used for an alternative concept.
Key Highlights
- Full‑service restaurant and bar with separate lower‑level pub
- Shared kitchen serves the restaurant and lower‑level pub
- Upper‑level private areas support events or additional dining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,217
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,124,340
$3.1M
Cap Rate 7%
$2,231,671
$2.2M
Cap Rate 9%
$1,735,744
$1.7M
Market Conditions
NOI Build-Up for 7,121 SF
Gross rent
$213.6K $30.00/SF
− Vacancy
−$5.3K −$0.75/SF
EGI
$208.3K $29.25/SF
− OpEx
−$52.1K −$7.31/SF
NOI
$156.2K $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%
$3,124,340
Cap Rate 7%
$2,231,671
Cap Rate 9%
$1,735,744
Alternative Uses
Best Use
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,217 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
8,902 visits/mo
0.4 miles
Carstar Collision Purcellville
Shops & Services
549 visits/mo
0.4 miles
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic 1915 property includes private event areas, flexible outdoor dining, and a separate building for future reconfiguration.
Where is this conventional restaurant located?
The property is located at 36855 W MAIN STREET Purcellville, VA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Full‑service restaurant and bar with separate lower‑level pub; Shared kitchen serves the restaurant and lower‑level pub; Upper‑level private areas support events or additional dining
