Auto Shop with Storage
For Sale
$5,995,000
Pending
7278 Centreville Rd, Manassas, VA 20111
Auto shop building with outside storage yard for sale.
Property Size14,720 SF
Days on Market342
Property Features for 7278 Centreville Rd
General Information
Standard status
Pending
Size
14,720 SF
Property subtype
Commercial
Building Details
Year Built
2014
Listing Agency:
Farms & Acreage, Inc.
Listed By:
Paul T Ebert
(703) 591-7020
Source:
Baltimoreharfordhomesforsale
Added: Oct 2, 2025
Changed: Sep 8
Last Checked: Sep 4 at 5:54AM
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 Farms & Acreage, Inc.
Investment Insights
Based on property information with market context.
This property features an auto shop building and an outside storage yard. It is suitable for automotive-related businesses and other commercial real estate ventures.
Key Highlights
- A‑1 Glass building
- Outside storage yard
- Year Built: 2014
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
$492,410
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
8.21%
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%
$9,848,200
$9.8M
Cap Rate 7%
$7,034,429
$7.0M
Cap Rate 9%
$5,471,222
$5.5M
Market Conditions
NOI Build-Up for 14,720 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
$736.6K $50.04/SF
− Vacancy
−$33.1K −$2.25/SF
EGI
$703.4K $47.79/SF
− OpEx
−$211.0K −$14.34/SF
NOI
$492.4K $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%
$9,848,200
Cap Rate 7%
$7,034,429
Cap Rate 9%
$5,471,222
Alternative Uses
Best Use
Retail
$7.03M
$6.16M – $8.21M
NOI $492,410 @ 7.0% cap · market cap 8.21%
Second Best
Industrial
$2.10M
$1.84M – $2.45M
NOI $146,832 @ 7.0% cap · market cap 2.45%
Theoretical Best
Specialty Retail
$8.18M
$7.15M – $9.54M
NOI $572,314 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
45k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 6%
Hotels & Casinos 4%
Sheetz
Shops & Services
22,126 visits/mo
0.1 miles
Mobil
Shops & Services
9,883 visits/mo
0.3 miles
7-Eleven
Shops & Services
4,503 visits/mo
0.3 miles
BP
Shops & Services
3,905 visits/mo
0.2 miles
Moby Dick House of Kabob
Dining
2,670 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Abzun Auto Repair — Manassas, VA 20111
- P&B Automotive & Tire — 8119 Rugby Rd, Manassas, VA 20111
- George's Automotive Services — 7600 Centreville Rd, Manassas, VA 20111
- Auto Giants Mitsubishi Service Department — Historic District, Manassas, VA 20111
- Convenience Tire & Auto — 8119 Rugby Rd, Manassas, VA 20111
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop building with outside storage yard for sale.
Where is this auto shop located?
The property is located at 7278 Centreville Rd Manassas, VA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: A‑1 Glass building; Outside storage yard; Year Built: 2014
