Renovated Medical Office
New
For Sale
$270,000
10620 CRESTWOOD DRIVE #2, Manassas, VA 20109
The existing furnishings and layout are set up for dental practice, with dental equipment available for separate purchase.
Property Size650 SF
Price / SF$415.38
Days on Market2
Property Features for 10620 CRESTWOOD DRIVE #2
General Information
Standard status
Active
Size
650 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Building Details
Year Built
1984
Listing Agency:
Keller Williams Preferred Properties
(240) 737-5000
Listed By:
ArLancia Williams
(240) 761-4788
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 9:49AM
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 Keller Williams Preferred Properties
Investment Insights
Based on property information with market context.
This medical office suite was renovated and includes a reception area, large windows, and furnishings arranged for dental practice. Dental equipment is available for separate purchase. The property was built in 1984.
Parking is provided, and the office has a private setting with natural light from its large windows.
Parking is provided, and the office has a private setting with natural light from its large windows.
Key Highlights
- Renovated medical office suite
- Existing layout and furnishings are configured for a dental practice
- Dental equipment available for separate purchase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,196
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,920
$203.9K
Cap Rate 7%
$145,657
$145.7K
Cap Rate 9%
$113,289
$113.3K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$18.2K $27.96/SF
− Vacancy
−$1.2K −$1.82/SF
EGI
$17.0K $26.14/SF
− OpEx
−$6.8K −$10.46/SF
NOI
$10.2K $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%
$203,920
Cap Rate 7%
$145,657
Cap Rate 9%
$113,289
Alternative Uses
Best Use
Healthcare Medical
$145.7K
$127.5K – $169.9K
NOI $10,196 @ 7.0% cap · market cap 3.78%
Second Best
Office B
$124.3K
$108.8K – $145.1K
NOI $8,703 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$361.0K
$315.9K – $421.2K
NOI $25,272 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The existing furnishings and layout are set up for dental practice, with dental equipment available for separate purchase.
Where is this medical office space located?
The property is located at 10620 CRESTWOOD DRIVE #2 Manassas, VA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Renovated medical office suite; Existing layout and furnishings are configured for a dental practice; Dental equipment available for separate purchase
