Building Details

Year Built 1973

Units 2

Construction concrete

Listed By: Lisa M Babin Show Phone

Source: Elliman

Added: Oct 16 Last Checked: Oct 16 at 2:09PM

Report an Issue

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 Lisa M Babin

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

At 7525 and 7527 Gary Road, this 2,872-square-foot flex property combines two units, with a partition that can be restored to separate them. The layout includes office space and a bathroom, two entrances, and two dock doors; one door is concealed behind drywall. Ceiling height is 12 feet with tiles or 14 feet without them. The building has concrete construction and flooring, updated electrical panels, and two AC units. Automotive use is not permitted.

The roof was replaced by the condominium association in 2017/2018. Quarterly association fees cover water and snow removal; trash and electricity are not included.

Key Highlights

• 2,872 square feet configured from two units, with the option to restore the dividing wall
• Two dock doors, including one behind removable drywall
• 12‑foot ceiling with tiles; 14 feet without tiles

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,851

Cap Rate

5.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$737,020 $737.0K

Cap Rate 7%

$526,443 $526.4K

Cap Rate 9%

$409,456 $409.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,872 SF

Gross rent

$60.3K $21.00/SF

− Vacancy

−$3.6K −$1.26/SF

EGI

$56.7K $19.74/SF

− OpEx

−$19.8K −$6.91/SF

NOI

$36.9K $12.83/SF

Area

Manassas Park County, VA

Vacancy

6.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$737,020

Cap Rate 7%

$526,443

Cap Rate 9%

$409,456

Alternative Uses

Best Use

Flex RnD

$526.4K

$460.6K – $614.2K (±1% cap)

NOI $36,851 @ 7.0% cap · market cap 5.26%

Second Best

Warehouse

$430.3K

$376.5K – $502.0K (±1% cap)

NOI $30,119 @ 7.0% cap · market cap 4.30%

Theoretical Best

Specialty Retail

$1.60M

$1.40M – $1.86M (±1% cap)

NOI $111,663 @ 7.0% cap · market cap 15.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Atlantic Election Services ... County Government Office

Suggested Use

Top Pick Pharmacy Auto Parts Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Storage Facility Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Dock-high doors

Location Intelligence

Trade Area within ½ mile

941

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Flex Building with Drive-In Doors

8787 COMMERCE COURT, Manassas, VA 20110

Contact for pricing

2,845 SF

View details

Retail Flex Space with Warehouse

7222 NATHAN COURT, Manassas, VA 20109

$950,000

4,750 SF

View details

Flex Building with Warehouse Suites

8785 COMMERCE COURT, Manassas, VA 20110

Contact for pricing

2,580 SF

View details

Flex Space with Drive-In Door

7213 GABE COURT, Manassas, VA 20109

Contact for pricing

1,800 SF

View details

Double-Wide End-Unit Flex Condo

8462 VIRGINIA MEADOWS DRIVE, Manassas, VA 20109

Contact for pricing

5,117 SF

View details

Office-Flex Building with Roll-Up Doors

8789 COMMERCE COURT, Manassas, VA 20110

Contact for pricing

1,410 SF

View details

Single-Story Warehouse with Offices

8616 Phoenix Drive, Manassas, VA 20110

Contact for pricing

5,814 SF

View details

Light Industrial Warehouse Bays

9248 - 9250 Sills Ct., Manassas, VA 20110

Contact for pricing

8,000 SF

View details

Office/Flex Building with Drive-In Doors

8773-8791 Commerce Ct., Manassas, VA 20110

Contact for pricing

View details

Multi-tenant Flex & Industrial Buildings

6947 Gateway Ct, Manassas, VA 20109

$15,900,000

55,838 SF

View details

Office Building For Sale

9117 Church St, Manassas, VA 20110

$1,100,000

View details

Burger King Restaurant

8330 Sudley Rd, Manassas, VA 20109

$1,200,000

View details

Frequently Asked Questions

What type of property is this?

Flex space - Office and restroom space complement a combined layout that can be separated into two units.

Where is this flex space located?

The property is located at 7525 GARY Rd Manassas, VA.

What is the asking price?

The asking price for this property is $699,999.

What are key features of this property?

This property features: 2,872 square feet configured from two units, with the option to restore the dividing wall; Two dock doors, including one behind removable drywall; 12‑foot ceiling with tiles; 14 feet without tiles