Medical Office Suite with Exam
For Sale
$398,000
10535 CRESTWOOD DRIVE #101, Manassas, VA 20109
Built in 2004, the suite includes three private exam rooms, an open exam/procedure area, and two waiting areas.
Property Size1,607 SF
Price / SF$247.67
Days on Market97
Property Features for 10535 CRESTWOOD DRIVE #101
General Information
Standard status
Active
Size
1,607 SF
Property subtype
Commercial
Amenities
3 Private Exam Rooms
Open Exam/Procedure Space
Separate Private Office
Reception Area
2 waiting room areas
Break-room with Refrigerator
2 Bathroom (1 handicap accessible)
Building Details
Year Built
2004
Construction
brick
Listing Agency:
M.O. Wilson Properties
(703) 878-0000
Listed By:
Sherry Denise Lewis · License #0225248279
(434) 242-2335
Source:
Cummingsrealtors
Added: Jul 18
Changed: Oct 21
Last Checked: Oct 20 at 10:19PM
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 M.O. Wilson Properties
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Investment Insights
Based on property information with market context.
Constructed in 2004, this brick medical office suite is presented in very good condition. The interior layout includes three private exam rooms and an open exam/procedure space, along with a separate private office and a reception area. Two waiting room areas support a comfortable patient flow, and the space also features a break room with a refrigerator. There are two bathrooms, including one handicap-accessible restroom.
The suite’s finishes include carpet, ceramic tile, and engineered wood flooring. Paved parking is available, supporting client and employee access.
The unit is positioned as a practical, ready-to-occupy medical office configuration, with exam and support rooms designed for healthcare operations.
The suite’s finishes include carpet, ceramic tile, and engineered wood flooring. Paved parking is available, supporting client and employee access.
The unit is positioned as a practical, ready-to-occupy medical office configuration, with exam and support rooms designed for healthcare operations.
Key Highlights
- Commercial building built in 2004, previously used as an urgent care center
- Layout includes 3 private exam rooms and an open exam/procedure space
- Includes separate private office, reception area, and 2 waiting room areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,207
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,140
$504.1K
Cap Rate 7%
$360,100
$360.1K
Cap Rate 9%
$280,078
$280.1K
Market Conditions
NOI Build-Up for 1,607 SF
Gross rent
$44.9K $27.96/SF
− Vacancy
−$2.9K −$1.82/SF
EGI
$42.0K $26.14/SF
− OpEx
−$16.8K −$10.46/SF
NOI
$25.2K $15.69/SF
Area
Manassas Park County, VA
Vacancy
6.50%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,140
Cap Rate 7%
$360,100
Cap Rate 9%
$280,078
Alternative Uses
Best Use
Healthcare Medical
$360.1K
$315.1K – $420.1K
NOI $25,207 @ 7.0% cap · market cap 6.33%
Second Best
Office B
$307.4K
$269.0K – $358.6K
NOI $21,517 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$892.6K
$781.0K – $1.04M
NOI $62,480 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- Battlefield Animal Clinic — 8138 Sudley Rd, Manassas, VA 20109
- Banfield Pet Hospital — 8079 Sudley Rd, Manassas, VA 20109
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2004, the suite includes three private exam rooms, an open exam/procedure area, and two waiting areas.
Where is this medical office space located?
The property is located at 10535 CRESTWOOD DRIVE #101 Manassas, VA.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Commercial building built in 2004, previously used as an urgent care center; Layout includes 3 private exam rooms and an open exam/procedure space; Includes separate private office, reception area, and 2 waiting room areas
