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    9420 Forestwood Ln Manassas, VA 20110

    For Sale
    $2,600,000

    High-yield NNN leased medical office.

    Property size:
    9,981 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 9,981 square foot medical office building in Manassas, Virginia, fully leased to DaVita Dialysis under a triple-net (NNN) lease. The property consists of four first-floor office condos, totaling 9,981 square feet (excluding common area lobby). The current lease, initiated in 2015, extends to May 31, 2025, with three five-year renewal options, each including a 10% rent increase. The property boasts a strong net operating income (NOI) of $132,000, translating to a compelling 5.08% capitalization rate and a price per square foot of $260.49. The asking price for this strategically located asset is $2,600,000. Situated in an established office park just off Sudley Road, the property enjoys convenient proximity to Novant UVA Prince William Medical Center (less than three-quarters of a mile) and the Prince William County Courthouse (1.5 miles). Furthermore, it's within two miles of Old Town Manassas' vibrant shops and restaurants. This property is zoned B-1 and is located within a qualified Opportunity Zone, offering potential tax advantages. The property's address is 9420 Forestwood Ln, Manassas, VA 20110.

    Property Features for 9420 Forestwood Ln

    General Information

    Property type
    Medical offices
    Square Feet
    9,981 SF

    Building Details

    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Comprehensive Sleep Care ... Sleep Clinic DaVita Bull Run ... Dialysis Center Lighthouse Pediatric Dental ... Pediatric Dentist Victorious HealthCare Services ... Aged Care Dr. Nivedita Chander Nephrologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Prince William
    State
    Virginia
    Longitude
    -77.4787335
    Latitude
    38.7668747

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    FAQs

    What type of property is this?
    Medical office - High-yield NNN leased medical office.
    Where is this medical office located?
    The property is located at 9420 Forestwood Ln Manassas, VA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    Request Owner's contact information
    9420 Forestwood Ln Manassas, VA 20110
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    Realmo Value Estimation

    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.

    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.

    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
    9420 Forestwood Ln Manassas, VA 20110
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