Medical Office Space with Central
New
For Sale
$334,500
9110 RAILROAD DRIVE 220, Manassas Park, VA 20111
The space has central air and parking in an unassigned lot.
Property Size1,115 SF
Days on Market4
Property Features for 9110 RAILROAD DRIVE 220
General Information
Standard status
Active
Size
1,115 SF
Total Parking Spaces
100
Zoning
B-1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,312
Amenities
Accessible Elevator Installed
Central Air
Other
Unassigned, Parking Lot
Building Details
Building Size
1,115 SF
Year Built
2008
Listing Agency:
Wright Realty, Inc.
Listed By:
Ed B Wright
(703) 282-2372
Source:
Evrealestate
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 2:17PM
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.
Investment Insights
Based on property information with market context.
This medical office space, built in 2008, has central air and parking in an unassigned lot. The property is zoned B-1 and is near VRE and Town Center.
Key Highlights
- Medical office space built in 2008
- Central air
- Unassigned parking lot
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
$17,489
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
5.23%
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%
$349,780
$349.8K
Cap Rate 7%
$249,843
$249.8K
Cap Rate 9%
$194,322
$194.3K
Market Conditions
NOI Build-Up for 1,115 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
$31.2K $27.96/SF
− Vacancy
−$2.0K −$1.82/SF
EGI
$29.1K $26.14/SF
− OpEx
−$11.7K −$10.46/SF
NOI
$17.5K $15.69/SF
Area
Manassas Park County, VA
Vacancy
6.50%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
40.00%
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%
$349,780
Cap Rate 7%
$249,843
Cap Rate 9%
$194,322
Alternative Uses
Best Use
Healthcare Medical
$249.8K
$218.6K – $291.5K
NOI $17,489 @ 7.0% cap · market cap 5.23%
Second Best
Office B
$213.3K
$186.6K – $248.8K
NOI $14,929 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$619.3K
$541.9K – $722.5K
NOI $43,351 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20111, VA
38,883
Population
12,066
Households
3.2
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
16.4 sq mi
ZIP Area
2,371
Density / Sq Mi
$109,785
Median Household Income
$52,377
Median Earnings
$2,020
Median Rent
$449,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Pender Veterinary Centre - Manassas — 9471 Manassas Dr, Manassas Park, VA 20111
- MedVet Northern Virginia — 8614 centreville rd, manassas, va 20110
Frequently Asked Questions
What type of property is this?
Medical Office Space - The space has central air and parking in an unassigned lot.
Where is this medical office space located?
The property is located at 9110 RAILROAD DRIVE 220 Manassas Park, VA.
What is the asking price?
The asking price for this property is $334,500.
What are key features of this property?
This property features: Medical office space built in 2008; Central air; Unassigned parking lot
