Manassas Office Space For
For Sale
$649,900
Pending
9109 CENTER STREET, Manassas, VA 20110
Office space available in Manassas, Virginia.
Property Size1,496 SF
Days on Market193
Property Features for 9109 CENTER STREET
General Information
Standard status
Pending
Size
1,496 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$4,861
Building Details
Building Size
1,496 SF
Year Built
1910
Listing Agency:
Crossroads Realtors
Listed By:
Tom Compton Jr. · License #0225074608
(703) 402-8803
Source:
Barnesrealestatecompany
Added: Apr 8
Changed: Oct 11
Last Checked: Oct 16 at 6:28PM
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 Crossroads Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate property, suitable for office units and office spaces, is available for sale. Located on Center Street in Manassas, Virginia, the property offers 1496 square feet of space. Directions to the property are from 28 South, turn left onto Battle Street. Parking is available, though a permit may be required in some areas. A parking garage is also available in Manassas City.
Key Highlights
- Central air cooling for those hot days.
- Natural gas heating to keep you warm.
- Forced air heating also available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,030
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,600
$400.6K
Cap Rate 7%
$286,143
$286.1K
Cap Rate 9%
$222,556
$222.6K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$31.2K $20.88/SF
− Vacancy
−$4.5K −$3.03/SF
EGI
$26.7K $17.85/SF
− OpEx
−$6.7K −$4.46/SF
NOI
$20.0K $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%
$400,600
Cap Rate 7%
$286,143
Cap Rate 9%
$222,556
Alternative Uses
Best Use
Office B
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$830.9K
$727.1K – $969.4K
NOI $58,164 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,486
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office space available in Manassas, Virginia.
Where is this office units located?
The property is located at 9109 CENTER STREET Manassas, VA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Central air cooling for those hot days.; Natural gas heating to keep you warm.; Forced air heating also available.
