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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    170 W Main St Purcellville, VA 20132

    • Commercial real estate
    • 7,478 SF
    • 0.54 lot acres
    For Lease
    View listing
    $600 /Mo
    Last Sale
    Apr 07, 2023
    $1,680,000
    Value Estimations
    $2,280,000
    Cap Rate Potential
    4.8%
    Commercial real estate
    Location Intelligence
    Property ID
    US87-3542023
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Western Loudoun Chiropractic / Chiropractor / Health Consultant
    • Top Coat Nails & Spa / Nail Salon / Reiki Therapist
    • Harkrader Carole E MD / Psychiatrist
    • Petti Pest Control / Pest Control Service
    • Seema R. Nayyar CPA - Accurate Accounting & Taxation / Tax Consultant / Tax Preparation Service

    Property Details for 170 W Main St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.54 lot acres
    Property size
    7,478 SF
    Zone code
    PV:C4
    Property type
    Commercial real estate
    APN
    488-37-1916-000
    APU
    488371916000

    Description

    This exceptional office space, located at 170 W Main Street in the heart of Purcellville, VA, presents a fantastic opportunity for businesses seeking a vibrant and convenient location. Currently, one office is available on the lower level (#B6) of this well-maintained building. The office itself measures approximately 13' x 12', offering a comfortable and functional workspace. The building features a unique layout with each floor (consisting of three offices) having its own dedicated bathroom, ensuring privacy and convenience. The building's common areas have recently been updated with attractive luxury vinyl plank (LVP) flooring. A significant advantage is the availability of a newly paved private parking lot, eliminating parking hassles for you and your clients. This exceptional value includes utilities: electricity, water, sewer, and property maintenance are all covered in the rent. Tenants are solely responsible for phone and internet services. The building's central location places it within easy walking distance of Purcellville's town offices, a variety of shops, and numerous restaurants, providing excellent accessibility and a thriving business environment. The 0.54-acre lot ensures ample space and a pleasant setting. Contact us today to inquire about this exceptional office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,940,000
      ML approach
      $1,895,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,780,000
      6.5%
      $2,570,000
      7%
      $2,385,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,708,000
      Market price range: $1.57M - $2.71M
      AI Estimate
      $1,836,000
      Market price range: $544k - $1.91M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,105,000
      Current use
      RETAIL STORES
      $2,955,000
      Change: +41% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,515,000
      Change: +20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Purcellville
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.7164
    Latitude
    39.1364
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,336
    $423,400
    $1,513,550
    $1,936,950
    -
    $423,400
    $1,513,550
    $1,936,950

    Comparable in this City

    • Value Estimation
      $975,000
      3,496 SF

      130 20th St

      COMMERCIAL (GENERAL) • 3,496 SF
      130 20th St, Purcellville, VA 20132-3301
      View Details
    • Value Estimation
      $930,000
      4,725 SF

      222 21st St

      COMMERCIAL (GENERAL) • 4,725 SF
      222 21st St, Purcellville, VA 20132-3026
      View Details
    • Value Estimation
      $8,580,000
      0.88 Acres

      408 Browning Ct

      COMMERCIAL (GENERAL) • 0.88 Acres
      408 Browning Ct, Purcellville, VA 20132
      View Details
    • Value Estimation
      $270,000
      3,724 SF

      112 Bailey Ln Ste A

      COMMERCIAL CONDOMINUIM • 3,724 SF
      112 Bailey Ln Ste A, Purcellville, VA 20132-3146
      View Details
    • Value Estimation
      $965,000
      2,600 SF

      36933 Charles Town Pike

      COMMERCIAL (GENERAL) • 2,600 SF
      36933 Charles Town Pike, Hillsboro, VA 20132-2784
      View Details
    • Value Estimation
      $395,000
      1,030 SF

      17333 Pickwick Dr Ste D

      COMMERCIAL CONDOMINUIM • 1,030 SF
      17333 Pickwick Dr Ste D, Purcellville, VA 20132-6174
      View Details

    Similar Nearby for Sale

    • $1,150,000
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      Prime Purcellville Retail Opportunity

      Established Dry Cleaner, Two Lots, High Growth Area
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      Flagship corner property in downtown Purcellville with approved mixed-use redevelopment plans.
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      Purcellville Office Building For Sale

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      Specialty property available for purchase in Hillsboro, Virginia.
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      Purcellville Church and Property

      Church and property for sale in Purcellville, Virginia.
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    Similar Nearby for Lease

    • Contact for pricing
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      Main Street Retail Space, Purcellville, VA

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      View Details
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      Downtown Purcellville Office Space Available

      Office space for lease in the heart of Purcellville, Virginia.
      170 W Main St, Purcellville, VA 20132
      View Details
    • Contact for pricing
      1,776 SF

      Retail Space with Drive-Thru

      End cap retail space with drive-thru opportunity in Purcellville.
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      Prime Purcellville Retail Space

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    • Contact for pricing
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      Retail Space in Purcellville Center

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      View Details
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    170 W Main St
    Purcellville, VA 20132
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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