Office Condominium with Private
For Sale
$650,000
7915 LAKE MANASSAS DRIVE #303, Gainesville, VA 20155
Professional suite with multiple private offices, meeting space, reception, kitchenette, and restroom.
Property Size1,719 SF
Price / SF$378.13
Days on Market12
Property Features for 7915 LAKE MANASSAS DRIVE #303
General Information
Standard status
Active
Size
1,719 SF
Class
A
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Listing Agency:
Weber Rector Commerical Real Estate Services, Inc.
(703) 330-1224
Listed By:
Coleman G Rector
(703) 330-1224
Source:
Cummingsrealtors
Added: Jul 30
Changed: Aug 9
Last Checked: Aug 9 at 5:39AM
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 Weber Rector Commerical Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This office condominium offers 1,719 square feet of professional workspace within a 2007-built property. The suite is arranged with a reception area, five private offices, a conference room, kitchenette, private restroom, and balcony, creating a mix of individual work areas and shared meeting space.
The property is located at Lake Manassas Professional Center near Rt. 29/Lee Hwy, with access to Linton Hall Rd. and I-66. The surrounding setting includes established professional and medical offices, while Virginia Gateway and Stonewall Shops Square are minutes away along with shopping and dining options.
The property is located at Lake Manassas Professional Center near Rt. 29/Lee Hwy, with access to Linton Hall Rd. and I-66. The surrounding setting includes established professional and medical offices, while Virginia Gateway and Stonewall Shops Square are minutes away along with shopping and dining options.
Key Highlights
- 1,719‑square‑foot office condominium built in 2007
- Five private offices plus a conference room
- Reception area, kitchenette, and private restroom
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
$30,314
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
4.66%
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%
$606,280
$606.3K
Cap Rate 7%
$433,057
$433.1K
Cap Rate 9%
$336,822
$336.8K
Market Conditions
NOI Build-Up for 1,719 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
$41.7K $24.24/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$40.4K $23.51/SF
− OpEx
−$10.1K −$5.88/SF
NOI
$30.3K $17.63/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$24.24 /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%
$606,280
Cap Rate 7%
$433,057
Cap Rate 9%
$336,822
Alternative Uses
Best Use
Office B
$433.1K
$378.9K – $505.2K
NOI $30,314 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$504.8K
$441.7K – $589.0K
NOI $35,339 @ 7.0% cap · market cap 5.44%
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
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 20155, VA
37,218
Population
12,833
Households
2.9
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
25.5 sq mi
ZIP Area
1,460
Density / Sq Mi
$154,531
Median Household Income
$71,853
Median Earnings
$2,648
Median Rent
$630,400
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 - Professional suite with multiple private offices, meeting space, reception, kitchenette, and restroom.
Where is this office units located?
The property is located at 7915 LAKE MANASSAS DRIVE #303 Gainesville, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,719‑square‑foot office condominium built in 2007; Five private offices plus a conference room; Reception area, kitchenette, and private restroom
