7-Eleven Gas Station with Retail
For Sale
$5,900,000
11007 Nokesville Road Manassas, Manassas, VA 20110
Signalized-intersection 7-Eleven with an adjoining fully leased six-shop retail plaza.
Property Size13,275 SF
Lot Size2.00 Acres
Price / SF$444.44
Days on Market48
Property Features for 11007 Nokesville Road Manassas
General Information
Standard status
Active
Size
13,275 SF
Total Parking Spaces
50
Lot size
2.00 Acres
Zoning
B1
Net Operating Income
$400,000
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$30,513
Building Details
Building Size
13,275 SF
Year Built
1998
Listing Agency:
(609) 881-2414
Listed By:
Carl SanFilippo
(609) 881-2414
Source:
Mercercountyhomesforsale
Added: Jun 30
Changed: Aug 15
Last Checked: Aug 14 at 7:08AM
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 Carl SanFilippo
Investment Insights
Based on property information with market context.
This offering includes a highly traveled 7-Eleven gas station together with adjoining retail space. The retail component is a fully leased plaza attached to the convenience store and consists of six shops. The overall site is described as Residency Square Shopping Center on a 2-acre lot.
The property is located at the signalized intersection of US-28 and Residency Road, providing direct access to Prince William Parkway and I-66. The center is noted as being within sight of Prince William Parkway and surrounded by established nearby uses including 2 Silos Brewery, Target, and McDonalds.
For buyers and tenants, the combination of an operating gas station and an attached, fully leased retail plaza creates a straightforward convenience-oriented retail setup. The property’s configuration as a single shopping center with multiple retail units is well suited for commercial operators seeking co-tenancy within an existing retail environment.
The property is located at the signalized intersection of US-28 and Residency Road, providing direct access to Prince William Parkway and I-66. The center is noted as being within sight of Prince William Parkway and surrounded by established nearby uses including 2 Silos Brewery, Target, and McDonalds.
For buyers and tenants, the combination of an operating gas station and an attached, fully leased retail plaza creates a straightforward convenience-oriented retail setup. The property’s configuration as a single shopping center with multiple retail units is well suited for commercial operators seeking co-tenancy within an existing retail environment.
Key Highlights
- 1998‑built 7‑Eleven gas station at a signalized intersection on US‑28 and Residency Road
- Adjoining fully leased retail plaza attached to the 7‑Eleven, including six retail shops
- Retail plaza sits on a 2‑acre lot within sight of Prince William Parkway and major nearby retailers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$516,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,322,640
$10.3M
Cap Rate 7%
$7,373,314
$7.4M
Cap Rate 9%
$5,734,800
$5.7M
Market Conditions
NOI Build-Up for 13,275 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$716.9K $54.00/SF
− Vacancy
−$28.7K −$2.16/SF
EGI
$688.2K $51.84/SF
− OpEx
−$172.0K −$12.96/SF
NOI
$516.1K $38.88/SF
Area
Manassas Park County, VA
Vacancy
4.00%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,322,640
Cap Rate 7%
$7,373,314
Cap Rate 9%
$5,734,800
Alternative Uses
Best Use
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $516,132 @ 7.0% cap · market cap 8.75%
Second Best
Retail
$6.34M
$5.55M – $7.40M
NOI $444,072 @ 7.0% cap · market cap 7.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
316k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Superstores 35%
Shops & Services 23%
Electronics 1%
Target
Superstores
110,448 visits/mo
0.4 miles
McDonald's
Dining
40,843 visits/mo
0.1 miles
Chick-fil-A
Dining
36,714 visits/mo
0.5 miles
Wawa
Shops & Services
32,446 visits/mo
0.4 miles
Red Robin Gourmet Burgers
Dining
17,957 visits/mo
0.4 miles
Demographics for 20110, VA
49,120
Population
16,289
Households
3
Avg Household Size
35
Median Age
34%
College-Educated
82%
High-School Grad
12.8 sq mi
ZIP Area
3,838
Density / Sq Mi
$120,397
Median Household Income
$53,126
Median Earnings
$1,863
Median Rent
$445,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Signalized-intersection 7-Eleven with an adjoining fully leased six-shop retail plaza.
Where is this gas station located?
The property is located at 11007 Nokesville Road Manassas Manassas, VA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 1998‑built 7‑Eleven gas station at a signalized intersection on US‑28 and Residency Road; Adjoining fully leased retail plaza attached to the 7‑Eleven, including six retail shops; Retail plaza sits on a 2‑acre lot within sight of Prince William Parkway and major nearby retailers
