Two-Story Office
For Sale
$575,000
Pending
8920 Quarry Road, Manassas, VA 20110
Commercial zoning and existing office furnishings support an established office setup.
Property Size1,863 SF
Days on Market10
Property Features for 8920 Quarry Road
General Information
Standard status
Pending
Size
1,863 SF
Zoning
COMMERCIAL
Additional Details
Furnished
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,194
Amenities
Hardwood
Electric
Yes
Natural Gas
1
No
Public
5424.00
Estimated
Parking Lot
3
1863.00
Building Details
Building Size
1,863 SF
Year Built
1880
Stories
2
Listing Agency:
(703) 307-3449
Listed By:
John Ginty
(571) 313-5831
Source:
Gojcfrealestate
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 2:38PM
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 John Ginty
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Investment Insights
Based on property information with market context.
Built in 1880, this 1,863-square-foot office property has two levels. The main floor includes a lobby, two offices, a kitchen, and a full bathroom; the upper floor provides two additional offices. Desks, chairs, and other office items are included, and a shed is also on the property.
Parking is available in a lot and off street. The tenant is responsible for utilities.
Parking is available in a lot and off street. The tenant is responsible for utilities.
Key Highlights
- 1,863 SF office property built in 1880
- Two levels with four offices, a lobby, kitchen, and full bathroom
- Desks, chairs, and other office items are included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,944
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,880
$498.9K
Cap Rate 7%
$356,343
$356.3K
Cap Rate 9%
$277,156
$277.2K
Market Conditions
NOI Build-Up for 1,863 SF
Gross rent
$38.9K $20.88/SF
− Vacancy
−$5.6K −$3.03/SF
EGI
$33.3K $17.85/SF
− OpEx
−$8.3K −$4.46/SF
NOI
$24.9K $13.39/SF
Area
Manassas Park County, VA
Vacancy
14.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,880
Cap Rate 7%
$356,343
Cap Rate 9%
$277,156
Alternative Uses
Best Use
Office B
$356.3K
$311.8K – $415.7K
NOI $24,944 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.03M
$905.4K – $1.21M
NOI $72,433 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,585
Businesses Nearby
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Business Placement
Demographics for 20110, VA
49,120
Population
16,289
Households
3
Avg Household Size
35
Median Age
34%
College-Educated
82%
High-School Grad
12.8 sq mi
ZIP Area
3,838
Density / Sq Mi
$120,397
Median Household Income
$53,126
Median Earnings
$1,863
Median Rent
$445,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercial zoning and existing office furnishings support an established office setup.
Where is this office building located?
The property is located at 8920 Quarry Road Manassas, VA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,863 SF office property built in 1880; Two levels with four offices, a lobby, kitchen, and full bathroom; Desks, chairs, and other office items are included
