Building Details

Building Size 2,308 SF

Year Built 1954

Buildings 2

Listing Agency: Smart Realty, LLC

Listed By: Hadeer A Awan · License #0225267957 Show Phone

Source: Kerishull

Added: Sep 8 Changed: Oct 23 Last Checked: Oct 25 at 12:17AM

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

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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.

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 / Yr

$89,735

Cap Rate

5.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,794,700 $1.8M

Cap Rate 7%

$1,281,929 $1.3M

Cap Rate 9%

$997,056 $997.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,308 SF

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 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 (±1% cap)

NOI $89,735 @ 7.0% cap · market cap 5.61%

Second Best

Mixed Use

$574.9K

$503.1K – $670.8K (±1% cap)

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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Lahori Zaiqa Restaurant Tandoori Village- Dhawat ... Restaurant Jhulas Home Decor Store Love Hookah Cafe Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Building Supply Pharmacy

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

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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