Corner Office
For Sale
$489,600
230-9110 Railroad Dr, Manassas Park, VA 20111
B-1-zoned office unit with open work areas, private offices, conference rooms, and strong window exposure.
Property Size1,632 SF
Price / SF$300
Days on Market56
Property Features for 230-9110 Railroad Dr
General Information
Standard status
Active
Size
1,632 SF
Zoning
B-1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,383
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: Oct 25
Last Checked: Oct 26 at 9:17PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is part of a professional building completed in 2008 and offers 1,632 square feet, including 1,439 square feet of net office area. The corner suite has extensive window lines and a layout that combines open workspace with private offices and large conference rooms.
B-1 zoning supports professional, medical, and administrative office uses, with dental and oral surgeon practices excluded. Suite 230 is leased through October 2027. The property is located at 230-9110 Railroad Dr in Manassas Park, Virginia, near the VRE.
B-1 zoning supports professional, medical, and administrative office uses, with dental and oral surgeon practices excluded. Suite 230 is leased through October 2027. The property is located at 230-9110 Railroad Dr in Manassas Park, Virginia, near the VRE.
Key Highlights
- 1,632 SF office suite with 1,439 SF net area
- Corner suite with extensive window lines
- Open workspace, private offices, and large conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,851
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,020
$437.0K
Cap Rate 7%
$312,157
$312.2K
Cap Rate 9%
$242,789
$242.8K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$34.1K $20.88/SF
− Vacancy
−$4.9K −$3.03/SF
EGI
$29.1K $17.85/SF
− OpEx
−$7.3K −$4.46/SF
NOI
$21.9K $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 Rate 5%
$437,020
Cap Rate 7%
$312,157
Cap Rate 9%
$242,789
Alternative Uses
Best Use
Office B
$312.2K
$273.1K – $364.2K
NOI $21,851 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$906.5K
$793.2K – $1.06M
NOI $63,452 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Office unit - B-1-zoned office unit with open work areas, private offices, conference rooms, and strong window exposure.
Where is this office unit located?
The property is located at 230-9110 Railroad Dr Manassas Park, VA.
What is the asking price?
The asking price for this property is $489,600.
What are key features of this property?
This property features: 1,632 SF office suite with 1,439 SF net area; Corner suite with extensive window lines; Open workspace, private offices, and large conference rooms
