Three-Tenant Shopping
For Sale
$3,052,000
8372 Sudley Rd, Manassas, VA 20109
The outparcel occupies a signalized intersection near regional retail anchors with direct access to the Sudley Road corridor.
Property Size8,100 SF
Days on Market10
Property Features for 8372 Sudley Rd
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
55,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
8,100 SF
Year Built
1969
Tenancy
Multi
Listing Agency:
The Shopping Center Group - Corporate
(770) 955-2434
Listed By:
Adam Birnbrey
Source:
Tscg
Added: Aug 21
Changed: Aug 26
Last Checked: Aug 30 at 1:40PM
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 The Shopping Center Group - Corporate
Investment Insights
Based on property information with market context.
This three-tenant shopping center is positioned on an outparcel serving Manassas Mall at 8372 Sudley Rd in Manassas, Virginia. The property sits at the signalized intersection of Sudley Rd and Rixlew Ln, with reported traffic of 55,000 VPD. Existing retail co-tenancy includes major destinations such as Walmart, Macy’s, Floor & Décor and K1 Speed, while the mall includes more than 75 national retail, dining and entertainment concepts.
The site is one mile west of the 170-bed UVA Prince William Medical Center, which employs more than 1,700 people, and is adjacent to Sprouts, Walmart, Macy’s, K1 Speed, Floor & Décor, Boot Barn and Gabe’s. Interstate 66, Interstate 95 and VA-28 provide regional connectivity, with Interstate 66 carrying 132,000 VPD. Short remaining lease terms create an opportunity for rental growth, tenant repositioning and blend-and-extend strategies.
The site is one mile west of the 170-bed UVA Prince William Medical Center, which employs more than 1,700 people, and is adjacent to Sprouts, Walmart, Macy’s, K1 Speed, Floor & Décor, Boot Barn and Gabe’s. Interstate 66, Interstate 95 and VA-28 provide regional connectivity, with Interstate 66 carrying 132,000 VPD. Short remaining lease terms create an opportunity for rental growth, tenant repositioning and blend-and-extend strategies.
Key Highlights
- Three‑tenant shopping center at 8372 Sudley Rd, Manassas, VA 20109
- Signalized corner of Sudley Rd and Rixlew Ln with 55,000 VPD
- Outparcel to Manassas Mall, which reports 5.1M visits and more than 75 national concepts
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
$270,959
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
8.88%
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%
$5,419,180
$5.4M
Cap Rate 7%
$3,870,843
$3.9M
Cap Rate 9%
$3,010,656
$3.0M
Market Conditions
NOI Build-Up for 8,100 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
$405.3K $50.04/SF
− Vacancy
−$18.2K −$2.25/SF
EGI
$387.1K $47.79/SF
− OpEx
−$116.1K −$14.34/SF
NOI
$271.0K $33.45/SF
Area
Manassas Park County, VA
Vacancy
4.50%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
30.00%
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%
$5,419,180
Cap Rate 7%
$3,870,843
Cap Rate 9%
$3,010,656
Alternative Uses
Best Use
Specialty Retail
$4.50M
$3.94M – $5.25M
NOI $314,928 @ 7.0% cap · market cap 10.32%
Second Best
Retail
$3.87M
$3.39M – $4.52M
NOI $270,959 @ 7.0% cap · market cap 8.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
55,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
453k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 26%
Shops & Services 23%
Dining 21%
Apparel 13%
Walmart
Superstores
119,908 visits/mo
0.3 miles
Macy's
Apparel
57,326 visits/mo
0.1 miles
McDonald's
Dining
34,261 visits/mo
0.3 miles
At Home
Home Improvements & Furnishings
21,327 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,569 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Proactiv Kiosk — 8300 Sudley Rd, Manassas, VA 20109
- Sunglass Hut — 8300 Sudley Rd Space 78, Manassas, VA 20109
- Manassas Mall — 8300 Sudley Rd, Manassas, VA 20109
- Manaport Plaza — Manaport Plaza, 8365 Sudley Rd, Manassas, VA 20109
- Sunglass Hut at Macy's — 8270 Sudley Rd, Manassas, VA 20109
Frequently Asked Questions
What type of property is this?
Shopping center - The outparcel occupies a signalized intersection near regional retail anchors with direct access to the Sudley Road corridor.
Where is this shopping center located?
The property is located at 8372 Sudley Rd Manassas, VA.
What is the asking price?
The asking price for this property is $3,052,000.
What are key features of this property?
This property features: Three‑tenant shopping center at 8372 Sudley Rd, Manassas, VA 20109; Signalized corner of Sudley Rd and Rixlew Ln with 55,000 VPD; Outparcel to Manassas Mall, which reports 5.1M visits and more than 75 national concepts
