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Property profile & analytics
FOR LEASE
Sports & entertainment properties
310 North 21St St Purcellville, VA 20132
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US87-3536971
For Lease
1 / 32
$805,000
310 North 21St St, Purcellville, VA 20132
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Property summary
AI-generated overview
This exceptional flex space, located at 310 N 21st Street in Purcellville, Loudoun County, offers 4,815 square feet of pristine office space ready for immediate occupancy. The single-story building, constructed in 1985, sits on a 3.08-acre lot and boasts a total of 24,576 square feet. This particular unit features a flexible layout, ample natural light, and modern finishes, creating a vibrant and professional work environment. Its prime location offers excellent visibility and accessibility, situated near the town's main thoroughfare and convenient to local amenities. The property is zoned PV:C4 - Central Commercial (APN: 488-46-5275-000). The space is ideal for businesses seeking a comfortable and well-located workspace within a thriving community. This is a multi-tenant building offering a single available unit. The property is in excellent condition and features a modern design. The location provides easy access to major transportation routes and local conveniences. This is a rare opportunity to secure a high-quality office space in a desirable Purcellville location.
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,576 SF
Lot
3.08 ac (134,165 SF)
Zoning code
PV:C4
APN
488-46-5275-000
UPID
US87-3536971
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dragon Yong-In Martial Arts - Purcellville Training Center Sports School
-
Amazing Outdoors General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Shinhwa LLC · 13 yrs held
Shinhwa LLC
since 2013
4 recorded transactions
Zoning & alternative use
PV:C4 · Purcellville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Purcellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Purcellville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$720,000
Current use
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$33 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$24,735
Tax year 2024
Assessed value
$2,763,720
Assessed 2024
Previous assessed
$2,718,300
+1.7% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,475,800
Assessed improvement
$1,287,920
Land market value
$1,475,800
Improvement market value
$1,287,920
Total market value
$2,763,720
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
24,576 SF
Lot
3.08 ac (134,165 SF)
Zoning code
PV:C4
APN
488-46-5275-000
UPID
US87-3536971
Jurisdiction
LOUDOUN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PV:C4 · Purcellville, VA
Zoning PV:C4 · permitted uses
PV:C4 · Purcellville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Purcellville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$720,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
3.08 ac
Current owner
From public records · entity-resolved
Shinhwa LLC
Entity
Mailing address
310 N 21ST ST, PURCELLVILLE, VA 20132-3028
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2013
$2,490,000
Shinhwa LLC
Creative Properties
Grant Deed
related
$1,356,000 · Zions First National Bank
—
—
Creative Properties
—
Deed Of Trust
related
$500,000 · Lmrt Associates Lc
—
—
Shinhwa LLC
—
Deed Of Trust
related
$1,117,000 · Business Finance Group INC
—
—
Shinhwa LLC
—
Deed Of Trust
related
$1,084,800 · Envirocap LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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