Office Unit with Flexible
For Sale
$334,500
220-9110 Railroad Dr, Manassas Park, VA 20111
B-1-zoned office suite offers open work areas, private offices, and conference space near the VRE.
Property Size1,115 SF
Price / SF$300
Days on Market10
Property Features for 220-9110 Railroad Dr
General Information
Standard status
Active
Size
1,115 SF
Zoning
B-1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,312
Building Details
Year Built
2008
Listing Agency:
Wright Realty, Inc.
(703) 368-8136
Listed By:
Edward B Wright III · License #0225039100
(703) 282-2372
Source:
Exprealty
Added: Sep 3
Changed: Sep 11
Last Checked: Sep 12 at 1:00PM
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 Wright Realty, Inc.
Investment Insights
Based on property information with market context.
Suite 220 is a 1,115 SF office unit with 836 SF Net and a layout designed around varied work settings. The space includes open collaborative areas, enclosed offices, large conference rooms, and strong window lines. The building was constructed in 2008, and B-1 zoning supports professional, medical, and administrative uses. Dental and oral surgeon uses are excluded.
The suite is located at 220-9110 Railroad Dr in Manassas Park, with proximity to the VRE. Its combination of private and shared work areas can accommodate businesses seeking a conventional office setting with adaptable interior organization.
The suite is located at 220-9110 Railroad Dr in Manassas Park, with proximity to the VRE. Its combination of private and shared work areas can accommodate businesses seeking a conventional office setting with adaptable interior organization.
Key Highlights
- 1,115 SF office suite with 836 SF Net
- B‑1 zoning supports professional, medical, and administrative uses
- Open collaborative areas paired with private offices
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
$14,929
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
4.46%
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%
$298,580
$298.6K
Cap Rate 7%
$213,271
$213.3K
Cap Rate 9%
$165,878
$165.9K
Market Conditions
NOI Build-Up for 1,115 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
$23.3K $20.88/SF
− Vacancy
−$3.4K −$3.03/SF
EGI
$19.9K $17.85/SF
− OpEx
−$5.0K −$4.46/SF
NOI
$14.9K $13.39/SF
Area
Manassas Park County, VA
Vacancy
14.50%
Lease Rate
$20.88 /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%
$298,580
Cap Rate 7%
$213,271
Cap Rate 9%
$165,878
Alternative Uses
Best Use
Office B
$213.3K
$186.6K – $248.8K
NOI $14,929 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$619.3K
$541.9K – $722.5K
NOI $43,351 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 20111, VA
38,883
Population
12,066
Households
3.2
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
16.4 sq mi
ZIP Area
2,371
Density / Sq Mi
$109,785
Median Household Income
$52,377
Median Earnings
$2,020
Median Rent
$449,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - B-1-zoned office suite offers open work areas, private offices, and conference space near the VRE.
Where is this office units located?
The property is located at 220-9110 Railroad Dr Manassas Park, VA.
What is the asking price?
The asking price for this property is $334,500.
What are key features of this property?
This property features: 1,115 SF office suite with 836 SF Net; B‑1 zoning supports professional, medical, and administrative uses; Open collaborative areas paired with private offices
