Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space on RT 28 Title is generated by Realmo AI

    8317 CENTREVILLE ROAD 305, Manassas, VA 20111

    View on Map
    Claim this Listing
    For Lease
    $850/Mo $27 SF/Yr (calc)

    Office space available in a highly visible building on Rt-28.

    Type:Rental
    Property size:
    370 SF
    Lot size:
    0.50 Acres
    Added:
    Feb 20, 2025
    Days on Market:
    466
    Last Refresh:
    May 19 at 10:22 pm

    Property Features for 8317 CENTREVILLE ROAD 305

    General Information

    Standard status
    Active
    Size
    370 SF
    Lot size
    0.50 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Ed B Wright

    Listing agent Ed B Wright

    Listing office Wright Realty, Inc.

    Listing date Feb 20, 2025

    Source Exitrealty

    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 Wright Realty, Inc.

    HighLights

    • Highly visible building on Rt‑28 with signage available.
    • Immediate occupancy available.
    • Lease rate includes utilities.
    • Located in the HUBZone.
    • Zoned B‑1.
    • Two offices overlooking US‑28.

    Overview

    Office space is available for rent on RT 28, situated on the top floor of a highly visible building. The 370-square-foot space includes two offices that overlook US-28. The property is zoned B-1 and located at the intersection of US-28 and Browns Lane at a signalized intersection, near a shopping center. Signage on US-28 is available. The property is located in a HUBZone. The lease rate includes utilities. The space is vacant and ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Accounting & Computer Solutions ... Tax Preparation Latinos USA Multiservices Accounting Firm Wholistic Wellness Center Gym & Fitness Center San Jose Insurance ... Insurance Agency Taxes accounting Accounting Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Manassas Park
    State
    Virginia
    Longitude
    -77.4510976
    Latitude
    38.7763429

    Nearby Similar for Lease

    • $2,100/Mo
      600 SF

      Retail Space in Hastings Marketplace

      600 sq ft retail space in Manassas, Virginia.
      10082 MARKET Street, MANASSAS, VA 20110
      View Details
    • $1.00 SF/Yr

      Professional Office Building in Manassas

      Centrally located office building near courthouse, businesses, and transportation.
      9214 CENTER Street, MANASSAS, VA 20110
      View Details
    • $3,200/Mo

      Updated Office Space Available

      Contemporary office space for lease with included amenities.
      9420 FORESTWOOD Lane, MANASSAS, VA 20110
      View Details
    • $1,437/Mo
      1,025 SF

      Old Town Manassas Office Suites

      First floor office suites in the heart of Old Town.
      9113 CHURCH St 101, Manassas, VA 20110
      View Details
    • $2,990/Mo

      Manassas Office Unit For Lease

      Ground floor office unit with reception, offices, kitchen, storage.
      10690 CRESTWOOD Drive, MANASSAS, VA 20109
      View Details
    • Sponsored
      $129-$5,226/Mo
      11-1,292 SF

      Battlefield Overlook

      10432 Balls Ford Rd, Unit 300, Manassas, VA 20109
      View Details
    • $3,000/Mo
      1,800 SF

      Office Space in Old Town

      1,800 SF office space in a walkable location.
      9326 MAIN St, Manassas, VA 20110
      View Details
    • $2,200/Mo

      Turnkey Dental Clinic in Manassas

      Modern, fully-equipped dental clinic with three operatories for lease.
      10620 CRESTWOOD DRIVE Burg, MANASSAS, VA 20109
      View Details
    • $2,135/Mo
      1,715 SF

      Old Town Manassas Office Suites

      Office suites for lease in Old Town Manassas.
      9113 Church St #102, MANASSAS, VA 20110
      View Details
    • $5,289/Mo
      4,030 SF

      Manassas Warehouse Unit for Lease

      4,030 SF warehouse unit available for immediate occupancy.
      11962 WILTON MEADOWS Ct 101, Manassas, VA 20109
      View Details
    • $1,438/Mo
      1,025 SF

      Old Town Manassas Office Suites

      Office suites for lease in Old Town Manassas.
      9113 Church St #101, MANASSAS, VA 20110
      View Details
    • $6,000/Mo

      Historic Office Building with Parking

      Historic Old Town Manassas office building with private parking.
      9251 LEE Ave, Manassas, VA 20110
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available in a highly visible building on Rt-28.
    Where is this office units located?
    The property is located at 8317 CENTREVILLE ROAD 305 Manassas, VA.
    What is the lease rate?
    The lease rate is $850 /Mo.
    What are key features of this property?
    This property features: Highly visible building on Rt‑28 with signage available.; Immediate occupancy available.; Lease rate includes utilities.
    (703) 282-2372
    We can help!
    Listing Contact
    Ed B Wright
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8317 CENTREVILLE ROAD 305, MANASSAS, VA 20111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!