Two-Building Mixed-Use
New
For Sale
$1,600,000
76077609 CENTREVILLE ROAD, Manassas, VA 20111
Two separate buildings include a restaurant operation and a house, with central air and on-site parking.
Property Size2,308 SF
Price / SF$693.24
Days on Market5
Property Features for 76077609 CENTREVILLE ROAD
General Information
Standard status
Active
Size
2,308 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$5,066
Amenities
Central Air
3
Parking.
Lot.
Building Details
Year Built
1954
Buildings
2
Listing Agency:
Smart Realty, LLC
(301) 445-1395
Listed By:
Hadeer Awan
(571) 494-6735
Source:
Xome
Added: Sep 6
Changed: Sep 9
Last Checked: Sep 9 at 1:49PM
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 commercial property includes two separate buildings at 7607 and 7609 Centreville Road. The building at 7607 is currently configured as a restaurant, while the companion building at 7609 is a house. Central air, parking, and a lot are among the reported property features. Both structures date to 1954.
The property is positioned along Centreville Road in Manassas, Virginia, with access from the corridor. A range of future commercial applications may be possible, subject to applicable zoning requirements and approvals.
The property is positioned along Centreville Road in Manassas, Virginia, with access from the corridor. A range of future commercial applications may be possible, subject to applicable zoning requirements and approvals.
Key Highlights
- Two‑building mixed‑use property at 7607 and 7609 Centreville Road
- 7607 Centreville Road is currently used as a restaurant
- 7609 Centreville Road is 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
Current Use
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Groceries 37%
Home Improvements & Furnishings 7%
Electronics 4%
Food Lion Grocery Store
Groceries
25,591 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,284 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
6,797 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,694 visits/mo
0.4 miles
AutoZone
Shops & Services
5,842 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate buildings include a restaurant operation and a house, with central air and on-site parking.
Where is this mixed-use property located?
The property is located at 76077609 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‑building mixed‑use property at 7607 and 7609 Centreville Road; 7607 Centreville Road is currently used as a restaurant; 7609 Centreville Road is a house
