Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8424 Dorsey Cir Manassas, VA 20110
    Back to Search
    Property profile & analytics

    8424 Dorsey Cir Manassas, VA 20110

    View on Map
    • Office properties & Spaces
    • 1,742 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Blue Doves Home Health Services LLC / Geriatric Care Provider / Nursing Home
    • Manassas Midwifery & Women's / Physician
    • GRACE J. STONEROCK / Pediatrician / Physician
    • Margaret Graynovsky / Physician

    Property Details for 8424 Dorsey Cir

    Year built
    1990
    Property size
    1,742 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 1,742 square foot office condo in Manassas, Virginia, presents a compelling investment opportunity. Currently 100% occupied with a single tenant under a gross lease, this property offers immediate rental income and significant owner-user potential. Built in 1990, this single-story building, zoned B4 General Commercial, features two combined units easily separable, providing flexibility for future use. Amenities include a large conference room, two bathrooms, a kitchenette, and a reception area, along with ample parking. Located in a high-traffic area of Manassas, this property boasts excellent visibility and accessibility. The current lease includes rent bumps. Ideal for small to medium-sized businesses or professional services, this property offers a blend of immediate return and long-term growth potential. The asking price is $350,000, translating to $200.92 per square foot. Financial details regarding the lease are available upon request. This is a rare opportunity to acquire versatile office space in a prime Manassas location. Don't miss out on this chance to secure a strong investment or a future home for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Manassas City
    State
    Virginia
    Longitude
    -77.4867
    Latitude
    38.7697

    Comparable in this City

    • Value Estimation by Request
      9,981 SF

      9420 Forestwood Ln

      Medical Office Space • 9,981 SF
      9420 Forestwood Ln, Manassas, VA 20110
      View Details
    • Value Estimation by Request
      21,675 SF

      9324 West St

      Medical Office Space • 21,675 SF
      9324 West St, Manassas, VA 20110
      View Details
    • Value Estimation by Request

      9306 Forest Point Cir

      Medical Office Space
      9306 Forest Point Cir, Manassas, VA 20110
      View Details
    • Value Estimation by Request

      9430 Forestwood Ln

      Coworking space
      9430 Forestwood Ln, Manassas, VA 20110
      View Details
    • Value Estimation
      $3,250,000
      6,547 SF

      9715 Liberia Ave

      MEDICAL BUILDING • 6,547 SF
      9715 Liberia Ave, Manassas, VA 20110-5837
      View Details
    • Value Estimation by Request
      2,313 SF

      10227 Nokesville Rd

      MEDICAL BUILDING • 2,313 SF
      10227 Nokesville Rd, Manassas, VA 20110-4133
      View Details

    Similar Nearby for Sale

    • $250,000

      Move-in Ready Office Condo

      Professional office condo for sale with flexible commercial zoning.
      8781 Mathis Ave, Manassas, VA 20110
      View Details
    • Contact for pricing
      9,981 SF

      NNN Leased Medical Office Condos

      9,981 SF leased to DaVita through 2030.
      9420 Forestwood Ln, Manassas, VA 20110
      View Details
    • Contact for pricing

      Manassas Medical Office Suites for Lease

      Two furnished exam rooms, immediate occupancy.
      9306 Forest Point Cir, Manassas, VA 20110
      View Details
    • Contact for pricing
      0.51 Acres

      Manassas Office Suite For Lease

      Second-floor office, furnished option, utilities included.
      8803 Sudley Rd, Manassas, VA 20110
      View Details
    • $360,000
      1,687 SF

      Amazing Opportunity for the firm's principal office. This property features 6 offices and two bathrooms! Double Story. Seller will compensate up to $4500 for the new carpet. Great visibility and access to 234 Sudley Rd across from Prince William Hospital. Condo Fee is $345\/month\r\n \r\n """"}"""

      Manassas Office Condo - Great Visibility
      8573 Sudley Rd, Manassas, VA 20110
      View Details
    • $549,000
      1,632 SF

      but exterior must remain wood. Property also for rent at $2

      800 per mo.""""}"""
      9309 Centreville Rd, Manassas, VA 20110
      View Details

    Similar Nearby for Lease

    • $2,395 /Mo

      Medical/Office Space Near Hospital

      Move-in ready medical/office space near Prince William Medical Center.
      8701 Digges Rd, Manassas, VA 20110
      View Details
    • Contact for pricing

      Functional Office Suite Near UVA

      Ready-to-use medical/professional suite near UVA Health Prince William.
      9001 Digges Rd, Manassas, VA 20110
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Office space across from Prince William Hospital with recent updates.
      9625 Surveyor Ct, Manassas, VA 20110
      View Details
    • $2,150 /Mo

      Functional Medical Office Suite

      Ready-to-use medical/professional suite near UVA Health Prince William.
      9001 Digges Rd, Manassas, VA 20110
      View Details
    • Contact for pricing

      Class A Office Space

      Second floor office space in Old Town Manassas.
      9200 Church St, Manassas, VA 20110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8424 Dorsey Cir
    Manassas, VA 20110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8424 Dorsey Cir, Manassas, VA, 20110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!