Mixed-Use Property With Two
New
For Sale
$1,600,000
7607 & 7609 CENTREVILLE ROAD, Manassas, VA 20111
Includes a restaurant building and a separate house along Centreville Road.
Property Size2,308 SF
Price / SF$693.24
Days on Market3
Property Features for 7607 & 7609 CENTREVILLE ROAD
General Information
Standard status
Active
Size
2,308 SF
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$5,066
Building Details
Building Size
2,308 SF
Year Built
1954
Buildings
2
Listing Agency:
Smart Realty, LLC
Listed By:
Hadeer A Awan · License #0225267957
(571) 494-6735
Source:
Kerishull
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 6:02AM
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 Smart Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes two separate buildings at 7607 and 7609 Centreville Road. The building at 7607 is currently configured as a restaurant, while 7609 is identified as a house. The improvements were built in 1954.
The property is situated on Centreville Road in Manassas, Virginia. Potential commercial applications identified for the property include restaurant, retail, office, and service-oriented uses, subject to applicable zoning and approvals. The two-building configuration provides distinct structures for evaluating commercial and residential components within one property.
The property is situated on Centreville Road in Manassas, Virginia. Potential commercial applications identified for the property include restaurant, retail, office, and service-oriented uses, subject to applicable zoning and approvals. The two-building configuration provides distinct structures for evaluating commercial and residential components within one property.
Key Highlights
- Two buildings included in the sale
- 7607 Centreville Road is currently configured as a restaurant
- 7609 Centreville Road is identified as a house
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
$89,735
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
5.61%
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%
$1,794,700
$1.8M
Cap Rate 7%
$1,281,929
$1.3M
Cap Rate 9%
$997,056
$997.1K
Market Conditions
NOI Build-Up for 2,308 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
$124.6K $54.00/SF
− Vacancy
−$5.0K −$2.16/SF
EGI
$119.6K $51.84/SF
− OpEx
−$29.9K −$12.96/SF
NOI
$89.7K $38.88/SF
Area
Manassas Park County, VA
Vacancy
4.00%
Lease Rate
$54.00 /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%
$1,794,700
Cap Rate 7%
$1,281,929
Cap Rate 9%
$997,056
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,735 @ 7.0% cap · market cap 5.61%
Second Best
Mixed Use
$574.9K
$503.1K – $670.8K
NOI $40,246 @ 7.0% cap · market cap 2.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Hotels & Casinos 7%
Mobil
Shops & Services
9,883 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,039 visits/mo
0.2 miles
7-Eleven
Shops & Services
4,503 visits/mo
0.3 miles
Citgo
Shops & Services
2,490 visits/mo
0.1 miles
La Quinta Inn & Suites by Wyndham Manassas
Hotels & Casinos
1,762 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a restaurant building and a separate house along Centreville Road.
Where is this mixed-use property located?
The property is located at 7607 & 7609 CENTREVILLE ROAD Manassas, VA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two buildings included in the sale; 7607 Centreville Road is currently configured as a restaurant; 7609 Centreville Road is identified as a house
