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Property profile & analytics
OFF-MARKET
Estimated value
$70,015,000
Outlet malls
10100 Harry J Parrish Blvd Manassas, VA 20110
Entity Owned
10-yr Hold
Free & Clear
Property ID
US87-1455106
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2020
Total area
347,876 SF
Lot
23.23 ac (1,011,681 SF)
Zoning code
MIXED
APN
7694-87-3694
UPID
US87-1455106
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$92.07M
Blend (final)
Blend
$70.02M
Owner & transaction history
Bourzou Ventures LLC · 10 yrs held
Bourzou Ventures LLC
since 2016
7 recorded transactions
Zoning & alternative use
MIXED · Manassas, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$103.4M
+58.0%
Office building
$70.8M
+8.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Manassas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manassas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$65,475,000
Current use
AUTO REPAIR, GARAGE
$103,435,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$70,795,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$53,725,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$70.02M
Range $63.01M – $77.02M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,379,177
Tax year 2023
Assessed value
$507,230,300
Assessed 2023
Previous assessed
$531,493,600
-4.6% YoY
Effective rate
1.06%
On assessed value
Assessed land
$22,785,800
Assessed improvement
$484,444,500
Land market value
$22,785,800
Improvement market value
$484,444,500
Total market value
$507,230,300
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Total area
347,876 SF
Lot
23.23 ac (1,011,681 SF)
Zoning code
MIXED
APN
7694-87-3694
UPID
US87-1455106
Jurisdiction
PRINCE WILLIAM
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MIXED · Manassas, VA
Zoning MIXED · permitted uses
MIXED · Manassas, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manassas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$65.5M
AUTO REPAIR, GARAGE
Est. value
$103.4M
OFFICE BUILDING
Est. value
$70.8M
COMMERCIAL (GENERAL)
Est. value
$53.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
1
Lot
23.23 ac
Current owner
From public records · entity-resolved
Bourzou Ventures LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1212 NEW YORK AVE NWSTE1000, WASHINGTON, DC 20005-3987
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
Bourzou Ventures LLC
—
Deed
related
$615,000,000 · Wilmington Trust NA
May 16, 2022
—
Bourzou Ventures LLC
—
Deed
related
$143,000,000 · Societe Generale
May 20, 2019
—
Bourzou Ventures LLC
—
Deed
related
$220,000 · Wilmington Tr
Aug 23, 2016
—
Abteen Ventures LLC
—
Deed
related
$365,000 · Wilmington Trust (ct)
May 20, 2016
—
Bourzou Ventures LLC
Unicorn Interests LLC
Grant Deed
related
—
Sep 19, 2014
—
Unicorn Interests LLC
—
Loan Modification
related
$23,500,000 · Ncb Svgs Bk
—
—
Bourzou Ventures LLC
—
Deed Of Trust
related
$220,000 · Wilmington Tr
—
—
Abteen Ventures LLC
—
Deed Of Trust
related
$365,000 · Wilmington Trust (ct)
—
—
Unicorn Interests LLC
—
Deed Of Trust
related
$7,380,000 · Ncb Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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