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    Property profile & analytics

    10010 Willow Grove Trl Manassas, VA 20110

    • Commercial real estate
    • 6.79 lot acres
    For Sale
    View listing
    $25,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0635703
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10010 Willow Grove Trl

    Lot size
    6.79 lot acres
    Property type
    Commercial real estate
    APN
    112-50-00-E

    Description

    This exceptional 6.79-acre vacant land parcel in Manassas, Virginia, presents a remarkable development opportunity. Zoned R2S (Small Lots Single Family Residential), the property allows for a potential density of four homes per acre, catering to the high demand for housing in this thriving community. Situated in an established neighborhood with no HOA restrictions, the land offers convenient access to essential utilities including sewer, water, and electricity. Its strategic location near major employers like Micron Technology and Lockheed Martin ensures a strong market for new residential construction. The surrounding area boasts a high average annual household income of $137,650 within a 10-minute drive, attracting a desirable demographic of well-qualified buyers. Conveniently located near I-66 and Route 234, this property provides easy access to the Washington, D.C. area and is also close to commercial centers, schools, parks, and the Manassas Historic District. The property's address is 10010 Willow Grove Trail, Manassas, VA 20110. The parcel's APN is 112-50-00-E. Within a three-mile radius, the population is 116,408. Note: Buyers are advised to conduct their own due diligence to confirm the buildable lot size.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Manassas City
    State
    Virginia
    Longitude
    -77.49657845
    Latitude
    38.76600016

    Comparable in this City

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      Residential Land Development Opportunity

      6.8-acre parcel zoned R2-S for residential development.
      10010 Willow Grove Trl, Manassas, VA 20110
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    Similar Nearby for Sale

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      Commercial Land on Main Street

      Commercial land available for sale on Main Street.
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      Residential Land Development Opportunity

      6.8-acre parcel zoned R2-S for residential development.
      10010 Willow Grove Trl, Manassas, VA 20110
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    • $5,400,000
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      Manassas Opportunity Zone Land

      Land in Manassas Opportunity Zone, excellent visibility, two purchase options.
      9107 Mathis Ave, Manassas, VA 20110
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      16,930 SF

      Commercial Land in Residential Neighborhood

      1.36 acre commercial land suitable for mixed-use development.
      10217 Dumfries Rd, Manassas, VA 20110
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    • $750,000

      Two Residential Lots Portfolio

      10-acre land portfolio suitable for residential development in Manassas, VA.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Pad Site Available

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      Manassas Office Space for Lease

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      Manassas Executive Office Space

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      Historic Old Town Retail Space

      Retail space available in historic Old Town Manassas building.
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      Retail Space in Manassas Corridor

      Retail space in high-traffic Manassas retail corridor.
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      Manassas Warehouse Space Available

      83,552 SF warehouse space for rent in Manassas, VA.
      9073 Euclid Ave, Manassas, VA 20110
      View Details
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    Manassas, VA 20110
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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
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