Office
New
For Sale
$325,000
7528 DIPLOMAT DR #15-1 15-1, Manassas, VA 20109
B1-zoned office space near I-66 and Route 234; prospective uses should be confirmed with zoning officials.
Property Size927 SF
Price / SF$350.59
Days on Market4
Property Features for 7528 DIPLOMAT DR #15-1 15-1
General Information
Standard status
Active
Size
927 SF
Zoning
B1
Additional Details
Highway Access
Yes
Listing Agency:
The Vasquez Group LLC
(703) 787-7903
Listed By:
Maria L Vasquez · License #0225086390
(571) 334-5118
Source:
Cathyshometeam
Added: Sep 24
Last Checked: Sep 26 at 6:03AM
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 Vasquez Group LLC
Investment Insights
Based on property information with market context.
This 927-square-foot office unit is zoned B1. Prospective buyers should verify that their intended use is permitted with the zoning department.
The property is near I-66 and Route 234, also known as Sudley Road, and a short drive from downtown Manassas.
The property is near I-66 and Route 234, also known as Sudley Road, and a short drive from downtown Manassas.
Key Highlights
- 927‑square‑foot office unit
- B1 zoning; confirm specific use with the zoning department
- Near I‑66 and Route 234 (Sudley Road)
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
$12,412
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
3.82%
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%
$248,240
$248.2K
Cap Rate 7%
$177,314
$177.3K
Cap Rate 9%
$137,911
$137.9K
Market Conditions
NOI Build-Up for 927 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
$19.4K $20.88/SF
− Vacancy
−$2.8K −$3.03/SF
EGI
$16.5K $17.85/SF
− OpEx
−$4.1K −$4.46/SF
NOI
$12.4K $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%
$248,240
Cap Rate 7%
$177,314
Cap Rate 9%
$137,911
Alternative Uses
Best Use
Office B
$177.3K
$155.2K – $206.9K
NOI $12,412 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$514.9K
$450.5K – $600.7K
NOI $36,042 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
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 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 - B1-zoned office space near I-66 and Route 234; prospective uses should be confirmed with zoning officials.
Where is this office units located?
The property is located at 7528 DIPLOMAT DR #15-1 15-1 Manassas, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 927‑square‑foot office unit; B1 zoning; confirm specific use with the zoning department; Near I‑66 and Route 234 (Sudley Road)
