Add Listing
    For Lease
    • 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

    8616 Phoenix Dr Manassas, VA 20110

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    5,814 SF warehouse space with convenient highway access.

    Property Features for 8616 Phoenix Dr

    General Information

    Property type
    Industrial
    Standard status
    Active

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Carmela Patrick
    Carmela Patrick
    Source: Elliman

    Listing Agency: WEBER RECTOR COMMERICAL REAL ESTATE SERVICES, INC. Listing Agent: Carmela Patrick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Manassas Warehouse with Loading Dock

    This single-story warehouse provides 5,814 square feet available for sublease through May 31, 2027, with the possibility of extending the lease. The space features 24-foot ceilings and includes 16-foot installed racking. A roll-up door provides direct access to a loading dock, making the property suitable for warehousing, distribution, or light industrial operations. Interior improvements include a reception area, private office space, a kitchen, separate restrooms, spacious assembly areas, and multiple storage closets. The property includes 10 dedicated parking spaces. Located in the industrial corridor along Phoenix Drive in Manassas, the property is situated approximately half a mile from Route 28/Centreville Road, offering convenient access to I-66. The Liberia Avenue retail corridor, with its restaurants, shops, and services, is also nearby. The lease is NNN, with tenants responsible for NNN fees of $3.32 per square foot, as well as electricity, natural gas, and internet expenses.
    Location Intelligence

    Current Use by Public Records

    CAVS USA Inc. DJ & Entertainment Ugly Chair Productions, ... Film Production

    Suggested Use

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

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

    Similar Places Nearby

    Public Storage, Public Storage, Self-Storage at U-Haul, Access Information Management

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Manassas Park
    State
    Virginia
    Longitude
    -77.4549443
    Latitude
    38.7642465

    Nearby Similar for Lease

    • $3,200 /Mo

      Manassas Office Space For Lease

      Ground floor office unit with reception, offices, kitchen, storage.
      10690 Crestwood Dr, Manassas, VA 20109
      View Details
    • $2,833 /Mo

      Manassas Executive Office Suite

      Executive office suite for lease in a convenient location.
      9832 Business Way, Manassas, VA 20110
      View Details
    • New
      $1.00 SF/Yr
      18,731 SF

      Manassas Office Building For Lease

      Professional office building in central Manassas near courthouse.
      9214 Center St, Manassas, VA 20110
      View Details
    • $2,500 /Mo
      871 SF

      Manassas Office Space For Lease

      Professional office space in a desirable Manassas location.
      8731 Plantation Ln, Manassas, VA 20110
      View Details
    • $3,200 /Mo

      Updated Office Space Available

      Contemporary office space for lease with included amenities.
      9420 Forestwood Ln, Manassas, VA 20110
      View Details
    • $2,200 /Mo
      436 SF

      Turnkey Dental Clinic in Manassas

      Modern, fully-equipped 3-operatory dental clinic available for lease.
      10620 Crestwood Dr Bg, Manassas, VA 20109
      View Details
    • $2,500 /Mo
      6,098 SF

      Manassas Medical/Professional Office Space

      Turnkey office space near hospital, ideal for medical or professional.
      8701 Digges Rd, Manassas, VA 20110
      View Details
    • $18 SF/Yr
      51,401 SF

      Office Space in Manassas, VA

      Office space available for lease in Manassas, Virginia.
      8802 Sudley Rd, Manassas, VA 20110
      View Details
    • Sponsored
      Contact for pricing

      Battlefield Overlook

      Discover many ways to work your way in Battlefield Overlook
      10432 Balls Ford Rd, Manassas, VA 20109
      View Details
    • $1,750 /Mo

      Office Suite with Included Utilities

      Office suite featuring multiple offices, conference room, and kitchen.
      7820 Sudley Rd, Manassas, VA 20109
      View Details
    • $3,000 /Mo

      Old Town Manassas Office Space

      1,800 SF office space in the heart of Manassas.
      9326 Main St, Manassas, VA 20110
      View Details
    • New
      $5,600 /Mo

      Warehouse with Office Ready Space

      Warehouse with drive-in access, high ceilings, and office space.
      12067 Cadet Ct, Manassas, VA 20109
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,814 SF warehouse space with convenient highway access.
    Where is this warehouse located?
    The property is located at 8616 Phoenix Dr Manassas, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Strategic location in established industrial corridor with easy access to Rt. 28/Centreville Rd. and I-66.; - 5,814 SF single-story warehouse space available for sublease through 5/31/27 with potential extension.; - **24' ceilings and 16' installed racking ideal for warehousing, distribution, or light industrial use.**
    (703) 330-1224
    Request Owner's contact information
    8616 Phoenix Dr Manassas, VA 20110
    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.
    8616 Phoenix Dr
    Manassas, VA 20110
    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
    8616 Phoenix Dr Manassas, VA 20110
    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

    We can help!
    Listing Contact
    Carmela Patrick
    Carmela Patrick
    Real Estate License ID: VA 0225206723
    (703) 330-1224 (703) 298-8187
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!