Two-Story Furnished Office
For Sale
$575,000
8920 QUARRY ROAD, Manassas, VA 20110
Commercially zoned property with multiple offices, on-site parking, and existing furnishings.
Property Size1,863 SF
Price / SF$308.64
Days on Market18
Property Features for 8920 QUARRY ROAD
General Information
Standard status
Active
Size
1,863 SF
Property subtype
Office
Additional Details
Furnished
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,194
Amenities
Central Air
3
Hardwood
Parking.
Lot.
Other.
Building Details
Year Built
1880
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(703) 396-6000
Listed By:
Brittney Wickert · License #0225097195
(703) 501-0873
Source:
Xome
Added: Aug 22
Changed: Sep 8
Last Checked: Sep 8 at 7:31AM
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 Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
This office building at 8920 Quarry Rd in Manassas, VA was built in 1880 and presents a two-story configuration. The main level includes a lobby, private office, larger office, kitchen, and full bathroom, while the upper floor provides two additional offices. Desks, chairs, and other office items remain with the property, allowing the existing setup to support continued office use.
The property includes a parking lot, off-street parking, and a shed. The tenant is responsible for all utilities. WalkScore is 28, indicating a car-dependent setting, while BikeScore is 63, classified as bikeable. TransitScore is 27, classified as some transit.
The property includes a parking lot, off-street parking, and a shed. The tenant is responsible for all utilities. WalkScore is 28, indicating a car-dependent setting, while BikeScore is 63, classified as bikeable. TransitScore is 27, classified as some transit.
Key Highlights
- Commercially zoned two‑story office building
- Built in 1880
- Main level includes lobby, 2 offices, kitchen, and full bathroom
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
$24,944
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
4.34%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,585
Businesses Nearby
Explore this area
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
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 building - Commercially zoned property with multiple offices, on-site parking, and existing furnishings.
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: Commercially zoned two‑story office building; Built in 1880; Main level includes lobby, 2 offices, kitchen, and full bathroom
