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    9408 Grant Ave Manassas, VA 20110

    Sponsored
    For Lease
    $26 SF/Yr

    Prime Old Town Manassas Office Suites Available

    Lot size:
    32,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional Class A office building, located at 9408 Grant Avenue in Manassas, Virginia, offers multiple suites for lease. The 32,000 square foot building boasts a stunning lobby and elevator access. Enjoy spectacular views from the upper floors of this highly visible corner location in Old Town Manassas. The building is situated in a Qualified HUBZone, offering potential advantages for eligible businesses. Benefit from a high traffic count, with 17,000 vehicles per day on Grant Avenue and 9,900 on Church Street. Enjoy the convenience of being just a three-block walk from the Prince William County Courthouse and within easy walking distance of Old Town Manassas' vibrant shops and restaurants. Second floor suites are currently available. The lease rate is full-service, excluding interior office cleaning. The property's APN is 101-01-00-318A and is zoned B-3. This is a truly unique opportunity to establish your business in a desirable and convenient location.

    Property Features for 9408 Grant Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,000 SF
    Class
    A
    Total Rate
    70320

    Unit(s) available at that property

    Space
    203
    Size
    1,066 SF
    Rate per SF
    $26
    Space
    204
    Size
    1,062 SF
    Rate per SF
    $26
    Space
    205
    Size
    1,183 SF
    Rate per SF
    $26

    We can help!

    Listing Contact
    Brian Snook
    Brian Snook

    Learn more

    Property Insight Report

    HighLights

    • Class A office building with multiple suites available for lease at 9408 Grant Avenue, Manassas, VA.
    • 32,000 square foot building featuring a stunning lobby and elevator access.
    • Highly visible corner location in Old Town Manassas with spectacular upper‑floor views.
    • Located in a Qualified HUBZone, offering potential business advantages.
    • High traffic count location (17,000 vehicles/day on Grant Avenue, 9,900 on Church Street), three blocks from the Prince William County Courthouse.
    • Second‑floor suites currently available; full‑service lease (excluding interior cleaning).
    Property Profile Location Intelligence

    Current Use by Public Records

    Livesay & Myers, P.C. Divorce Lawyer Edward Jones - Financial ... Financial Consultant Long & Foster Old ... Real Estate Agency Flannery Property Management ... Property Management Company M&T Bank ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    City of Manassas
    State
    Virginia
    Longitude
    -77.4756197
    Latitude
    38.7515591

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Old Town Manassas Office Suites Available
    Where is this office property / space located?
    The property is located at 9408 Grant Ave Manassas, VA.
    What is the lease rate?
    The lease rate is $26-$26 SF/Yr.
    What are key features of this property?
    This property features: Class A office building with multiple suites available for lease at 9408 Grant Avenue, Manassas, VA.; 32,000 square foot building featuring a stunning lobby and elevator access.; Highly visible corner location in Old Town Manassas with spectacular upper-floor views.
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    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
    9408 Grant Ave Manassas, VA 20110
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    We can help!
    Listing Contact
    Brian Snook
    Brian Snook
    Real Estate License ID: VA
    Learn more
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