Second-Floor Office Unit with Private
10515 CRESTWOOD DRIVE #201, Manassas, VA 20109
For Sale
$275,000
Pending
Bright second-floor office unit with an open room, full private restroom, and Business 1 office zoning.
Property Size1,498 SF
Days on Market105
Property Features for 10515 CRESTWOOD DRIVE #201
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Additional Details
Floor
HOA Fee
Building Details
Year Built
Listing Agency:
Wright Realty, Inc.
(703) 368-8136
Listed By:
Candida T Verrilli · License #0225102420
(703) 819-6411
Source:
Cummingsrealtors
Added: Jul 27
Changed: Nov 6
Last Checked: Nov 8 at 5:57AM
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 Wright Realty, Inc.
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Investment Insights
Based on property information with market context.
This second-floor office unit features a bright, spacious open room layout along with a full private restroom. It’s set up for professional and medical office use under Business 1 – Office zoning.
The property is in an area described as conveniently located close to Rt 66, with nearby shopping and public transportation. The building was constructed in 2003.
Condo fees are applicable, with listed condo fees at $307.00 per month.
The property is in an area described as conveniently located close to Rt 66, with nearby shopping and public transportation. The building was constructed in 2003.
Condo fees are applicable, with listed condo fees at $307.00 per month.
Key Highlights
- Second‑floor office unit with bright, spacious open room layout
- Full private restroom in the unit
- Business 1 – Office zoning for professional and medical use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,057
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,140
$401.1K
Cap Rate 7%
$286,529
$286.5K
Cap Rate 9%
$222,856
$222.9K
Market Conditions
NOI Build-Up for 1,498 SF
Gross rent
$31.3K $20.88/SF
− Vacancy
−$4.5K −$3.03/SF
EGI
$26.7K $17.85/SF
− OpEx
−$6.7K −$4.46/SF
NOI
$20.1K $13.39/SF
Area
Manassas Park County, VA
Vacancy
14.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,140
Cap Rate 7%
$286,529
Cap Rate 9%
$222,856
Alternative Uses
Best Use
Office B
$286.5K
$250.7K – $334.3K
NOI $20,057 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$832.0K
$728.0K – $970.7K
NOI $58,242 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 20109, VA
43,849
Population
15,673
Households
2.8
Avg Household Size
32
Median Age
35%
College-Educated
83%
High-School Grad
23.8 sq mi
ZIP Area
1,842
Density / Sq Mi
$88,966
Median Household Income
$44,306
Median Earnings
$1,928
Median Rent
$411,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Manassas, VA
Properties on Market for Office Units in Manassas
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Bright second-floor office unit with an open room, full private restroom, and Business 1 office zoning.
Where is this office unit located?
The property is located at 10515 CRESTWOOD DRIVE #201 Manassas, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Second‑floor office unit with bright, spacious open room layout; Full private restroom in the unit; Business 1 – Office zoning for professional and medical use
