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Investment Highlights

  • Acquire a 27,685 SF industrial flex facility while benefiting from approximately $382,000 in gross annual income and $339,000 in NOI.
  • Flexible multi-tenant layout allows an owner-user to occupy the space needed for operations while maintaining additional tenants for ongoing revenue.
  • Ability to acquire the neighboring 105 E Cornwell Street to create a larger owner-user campus environment and support future operational growth.
  • Short-Term Leases Provide Near-Term Occupancy Flexibility
  • Suitable for contractors, service companies, manufacturing, distribution, showroom, or headquarters use, with the ability to scale occupancy over time

Executive Summary

210 N 21st Street presents a rare opportunity for an owner-user to acquire a 27,685 square foot industrial flex facility in the heart of downtown Purcellville, Loudoun County, one of the most supply-constrained and desirable industrial submarkets in Northern Virginia. Situated on 3.52 acres and currently 95% occupied, the property offers immediate operational capability while providing flexibility for an owner-user to occupy space now or over time as leases roll. The building’s multi-tenant configuration allows a purchaser to establish their own headquarters, operational facility, or service center while maintaining existing tenancy to support the property’s financial performance. This offering provides long-term operational control in a strategic location where industrial ownership opportunities are extremely limited.
A key advantage of this opportunity is the substantial in-place income, which can significantly offset ownership and occupancy costs. The property currently generates approximately $382,568 in gross annual income and $339,741 in net operating income from a diverse tenant base, providing immediate cash flow while allowing flexibility for future owner occupancy or expansion. This hybrid ownership structure allows a business to transition into the space strategically while benefiting from income stability during the transition period. Over time, an owner-user may choose to retain tenants for passive income, occupy additional space, or reposition portions of the building to suit their operational needs.
The building’s industrial flex design supports a wide range of uses, including contractor operations, service companies, manufacturing, distribution, showroom, office, or headquarters functions. Its central Purcellville location provides convenient access to Route 7 and the broader Loudoun County market, which continues to experience strong population growth, high household incomes, and increasing demand for industrial and flex space. The property’s scale, layout, and location make it ideally suited for businesses seeking to establish a permanent presence in Western Loudoun while maintaining flexibility for long-term growth.
This offering also presents a unique opportunity to create a larger owner-user campus environment through the potential acquisition of the adjacent property at 105 E Cornwell Street, which may be available separately. The pricing outlined herein reflects 210 N 21st Street only. For owner-users seeking to control their real estate, stabilize long-term occupancy costs, and benefit from immediate income, this property represents an exceptional opportunity to secure a high-quality industrial asset in one of Loudoun County’s most tightly held markets.

Data Room Click Here to Access

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type Owner User
Property Type Flex
Property Subtype
Light Distribution
  • Flex Light Manufacturing
  • Industrial Service
Building Class B
Lot Size 3.52 AC
Rentable Building Area 27,685 SF
No. Stories 2
Year Built/Renovated 1950/2010
Parking Ratio 1.08/1,000 SF
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 3
Zoning PV:C4 - This zoning classification typically allows for commercial establishments that cater to travelers and those using major roadways

Amenities

  • 24 Hour Access
  • Signage
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Smoke Detector

Utilities

  • Water - City
  • Sewer - City
  • Heating - Electric
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
488-47-2620
Land Assessment
$1,686,600 (2025)
Improvements Assessment
$1,704,420 (2025)
Total Assessment
$3,391,020 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 36658101

  • Date on Market: 7/9/2025

  • Last Updated:

  • Address: 210 N 21st St, Purcellville, VA 20132

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