Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    8551 Rixlew Ln #230 Manassas, VA 20109

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18,732 /Mo

    Class A office suite for lease with mountain views.

    Added:
    Apr 15, 2024
    Days on Market:
    751
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 8551 Rixlew Ln #230

    General Information

    Standard status
    Active

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    EDWARD B WRIGHT III
    EDWARD B WRIGHT III

    Listing agent EDWARD B WRIGHT III License #0225039100

    Listing office WRIGHT REALTY, INC.

    Listing date Apr 15, 2024

    Source Corcoran

    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.

    Overview

    Class A Office Suite Available

    A 9,366 square foot suite is available for lease on the 2nd floor of a Class-A, 4-story building designed to accommodate medical and office use. The building features two fully ADA-compliant elevators and is wired with both Verizon and Comcast Fiber. The suite includes 12 offices, a conference room, 2 work rooms, a showroom, reception area, and a breakroom. An expansive window line offers views overlooking the Bull Run Mountains, Centreville, and Manassas. Parking is available at a ratio of 4.2 spaces per 1,000 square feet. The property is located close to Prince William Hospital, with quick access to I-66, Route 234 business and bypass. Restaurants, shopping, and other amenities are within walking distance. Two to four EV charging stations are planned for the near future. The property is located in a HUBZone. The lease rate is full service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    YourDreams2Reality Real Estate Agency MEP Designs Inc. Engineering Consultant Mega Health Services Medical Clinic ICR Rudiger & Green Law Firm GRUPO SEMIDEY Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -77.5016
    Latitude
    38.771

    Nearby Similar for Lease

    • $2,493/Mo

      Manassas Executive Office Suite

      Executive office suite for lease in a convenient location.
      9832 BUSINESS Way, 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
    • $2,500/Mo

      Manassas Office Space For Lease

      Professional office space in Manassas with street-level access.
      8731 PLANTATION Lane, MANASSAS, VA 20110
      View Details
    • $3,200/Mo

      Manassas Office Space For Lease

      Ground floor office unit with reception, offices, kitchen, storage.
      10690 CRESTWOOD Drive, MANASSAS, VA 20109
      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
    • $3,200/Mo

      Updated Office Space Available

      Contemporary office space for lease with included amenities.
      9420 FORESTWOOD Lane, MANASSAS, VA 20110
      View Details
    • Contact for pricing

      Old Town Manassas Office Suites

      First floor office suites in the heart of Old Town.
      9113 CHURCH St 101, Manassas, VA 20110
      View Details
    • $18 SF/Yr

      Office Space in Manassas, VA

      Office space available for lease in Manassas, Virginia.
      8802 SUDLEY Road, 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
    • Contact for pricing

      Office Space in Old Town

      1,800 SF office space in a walkable location.
      9326 MAIN St, Manassas, VA 20110
      View Details
    • $2,500/Mo

      Manassas First-Floor Office Space

      Professional office space in Manassas with street-level access.
      8731 PLANTATION Ln, Manassas, VA 20110
      View Details
    • $750/Mo

      Professional Office in Old Town

      Individual office space with shared amenities in Old Town Manassas.
      9104 CHURCH St 204, Manassas, VA 20110
      View Details

    FAQs

    What type of property is this?
    Office units - Class A office suite for lease with mountain views.
    Where is this office units located?
    The property is located at 8551 Rixlew Ln #230 Manassas, VA.
    What is the lease rate?
    The lease rate is $18,732 /Mo.
    What are key features of this property?
    This property features: Class‑A, 9,366 SF suite featuring 12 offices, a conference room, showroom, and breakroom, ideal for medical or office use.; Expansive window line offering views of Bull Run Mountains, Centreville, and Manassas.; Excellent location with quick access to I‑66, Route 234, Prince William Hospital, restaurants, and shopping.
    (703) 368-8136
    We can help!
    Listing Contact
    EDWARD B WRIGHT III
    EDWARD B WRIGHT III
    Real Estate License ID: 0225039100
    Learn More
    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
    8551 Rixlew Ln #230, MANASSAS, VA 20109
    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!