8301 Centreville RdManassas, VA 20111

  • Office properties
  • 1,240 SF
For Sale
$2,950,000 View listing

Property Details for 8301 Centreville Rd

Year built
1954
Lot size
0.37 AC
Property size (Sq ft)
1,240 SF
Zone code
GENERAL BUSINESS
Property type
Office properties
Property subtype
Office buildings
APN
7896-27-0156
APU
7896270156

Description

This exceptional investment opportunity presents three buildings totaling 23,618 square feet situated on a 2.05-acre lot in Manassas, Virginia. The property boasts excellent visibility and exposure from US-28, with convenient access and frontage on both Centreville Road and Browns Lane, at a signalized intersection. The buildings are zoned B-1 and located within a HUBZone. One building, at 8317 Centreville Road, offers 12,000 square feet across three stories, currently leased to twelve tenants, with 4,000 square feet immediately available, including 2,300 square feet of garage/storage space ideal for contractors or e-commerce businesses. A second building, located at 8314 Browns Lane, comprises 10,400 square feet and is fully leased to three tenants. Finally, a 1,218-square-foot office building at 8301 Centreville Road is fully leased to a daycare/school. The property features short-term leases, presenting immediate occupancy potential and significant upside for future income generation. The asking price for this prime mixed-use property is $2,950,000. The property includes three separate parcels with GPINs: 7896-27-0047, 7896-27-2549, and 7896-27-0156, and the overall APN is 7896-27-0156.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $274,842
    6.5%
    $253,701
    7%
    $235,579
  • Comparable approach

    Method
    Valuation
    Relative Method
    $119,276
    Geo Method
    $119,276
  • Alternative Use

    Use
    Valuation
    Residential
    $314,589
    Hospitality
    $288,162
    Educational
    $239,747
    Medical
    $247,992
    Retail
    $372,940
8301 Centreville Rd, Manassas, Virginia
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Location Insight

City
Manassas
County
Prince William
State
Virginia
Latitude
38.7765
Longitude
-77.4509
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,364
$259,900
$159,500
$419,400
-
$259,900
$159,500
$419,400

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