Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9540 Liberia Avenue Manassas, VA 20110

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,181,818

    Checkers located in Manassas, VA

    Property size:
    1,500 SF
    Lot size:
    0.49 Acres
    Added:
    Jan 27, 2025
    Days on Market:
    445
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 9540 Liberia Avenue

    General Information

    Standard status
    Active
    Property type
    Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
    Size
    1,500 SF
    Elevators
    N/A
    Lot size
    0.49 Acres
    Investment Type
    Net Lease
    Net Operating Income
    $120,000

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Kase Abusharkh

    Listing agent Kase

    Listing office

    Listing date Jan 27, 2025

    Overview

    Checkers Restaurant Investment Opportunity

    This investment opportunity features a Checkers restaurant located in Manassas, Virginia. The property has a new 20-year absolute NNN fee simple ground lease with zero landlord obligations. The lease incorporates scheduled 10% rent increases every five years and four 5-year renewal options. The tenant, a franchisee operating multiple Checkers and Popeyes locations, is responsible for all construction, improvements, and infrastructure. The 1,500 square foot building is situated on a 0.49-acre lot in a high-traffic area with approximately 41,000 vehicles per day. The location is adjacent to Chick-fil-A and across from Glory Days and Panera Bread, surrounded by national retailers such as Wawa, ALDI, and a Walmart Supercenter. The property benefits from strong demographics within a rapidly growing suburb of Northern Virginia, part of the Washington-Arlington-Alexandria Metropolitan Statistical Area. The current net operating income is $120,000.
    Location Intelligence

    Current Use by Public Records

    Taqueria Yazmin Manassas Restaurant Signal Hill Shopping ... Shopping Center & Mall Fresh World Specialty Food Shop Shining Delilah Jewelry (Bike/Boat/Book/etc) Store Wells Fargo ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Feisty Feeder — 8552 Braxted Ln, Manassas, VA 20110

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Manassas Park
    State
    Virginia
    Longitude
    -77.4853
    Latitude
    38.7478

    Nearby Similar for Sale

    • $300,000

      Bright Corner Unit for Sale

      Second-floor office with excellent natural light and hardwood flooring.
      10521 CRESTWOOD, MANASSAS, VA 20109
      View Details
    • $318,000

      Manassas Office Space For Sale

      927 sq ft office space near I-66 and Route 234.
      7528 DIPLOMAT Drive, MANASSAS, VA 20109
      View Details
    • $300,000

      Manassas Office Space For Sale

      Second-floor office space near I-66 and Sudley Road.
      10521 CRESTWOOD Drive, MANASSAS, VA 20109
      View Details
    • $295,000

      Modern Medical Office in Manassas

      Turnkey medical office/dental clinic in Manassas, VA for sale.
      10620 CRESTWOOD DRIVE Burg, MANASSAS, VA 20109
      View Details
    • $750,000
      3,100 SF

      Established Daycare Center Near Manassas

      Turnkey daycare business with property, equipment, and established reputation.
      8904 Yorkshire Ln, MANASSAS, VA 20111
      View Details
    • $699,000

      Manassas Commercial Building with Apartment

      Commercial brick building with street frontage and apartment in Manassas.
      9109 CENTER Street, MANASSAS, VA 20110
      View Details
    • $2,500,000
      3,010 SF

      Industrial Unit with Outdoor Storage

      3,010 SF industrial unit with gated outdoor storage.
      11900 Livingston Rd, Manassas, VA 20109
      View Details
    • $150,000
      760 SF

      Manassas Office Condo For Sale

      760 SF office condo near Old Town Manassas.
      9851 Business Way, MANASSAS, VA 20110
      View Details
    • $250,000

      Move-in Ready Office Condo

      Professional office condo for sale with flexible commercial zoning.
      8781 Mathis Ave, MANASSAS, VA 20110
      View Details
    • $750,000
      1,425 SF

      Retail Storefront in Historic District

      1,425 SF retail storefront in Old Town Manassas.
      9410 Main St, MANASSAS, VA 20110
      View Details
    • Contact for pricing

      Modern Flex Warehouse in Manassas

      Tilt-up concrete flex warehouse with integrated office and multiple loading.
      8511 Virginia Meadows Drive, Manassas, VA 20109
      View Details
    • $5,000,000

      Auto Shop with Storage Yard

      Auto shop building with outside storage yard for sale.
      7278 Centreville Rd, MANASSAS, VA 20111
      View Details

    FAQs

    What type of property is this?
    Restaurant - Checkers located in Manassas, VA
    Where is this restaurant located?
    The property is located at 9540 Liberia Avenue Manassas, VA.
    What is the asking price?
    The asking price for this property is $2,181,818.
    What are key features of this property?
    This property features: NEW 20 YEAR ABSOLUTE NNN FEE SIMPLE GROUND LEASE; ZERO LANDLORD OBLIGATIONS; SCHEDULED 10% INCREASES IN RENT
    (925) 348-1844
    We can help!
    Listing Contact
    Kase Abusharkh
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!