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    10499 Godwin Dr Manassas, VA 20112

    • Commercial real estate
    • 5.28 lot acres
    For Sale
    View listing
    $2,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0948851
    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 10499 Godwin Dr

    Lot size
    5.28 lot acres
    Property type
    Commercial real estate
    APN
    7794-37-9831

    Description

    This exceptional 5.28-acre property in Manassas, Virginia, presents a remarkable development opportunity. Currently zoned A-1 (Agricultural), this land offers significant potential for the creation of up to 14 single-family residential lots, based on a potential rezoning to R4. The property comprises two parcels: 10499 Godwin Dr (3.6486 acres) and 10501 Godwin Dr (1.6355 acres), the latter including a 3-bedroom, 2.5-bathroom brick house. Conveniently located on the corner of Godwin Drive and Harmonic Lane, the site boasts easy access to major roadways like Routes 234 and 28. Surrounded by established residential communities developed between 1980 and 2013, this location benefits from existing infrastructure and a proven market. The property's strategic position near R4 and R4C zoned areas suggests a favorable outlook for rezoning. While currently zoned A-1, the property is also suitable for a church, school, or daycare center with a special use permit. The parcel's APN is 7794-37-9831. Detailed zoning information is available through Prince William County. This is a rare opportunity to acquire a large parcel of land in a desirable location with high development potential. The asking price is $2,000,000.

    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
    Prince William
    State
    Virginia
    Longitude
    -77.47985
    Latitude
    38.721092

    Comparable in this City

    • $99,990

      Newer Manufactured Home in Manassas

      2019 manufactured home with modern amenities in Forest Mobile Park.
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    • $99,990

      Newer Manufactured Home in Manassas

      2019 Elation model with modern amenities in Forest Mobile Park.
      7800 Tayloe Dr Dr, Manassas, VA 20112
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    • $500,000

      Residential Lot in Manassas

      One-acre residential lot with approved house and grading plans.
      12009 Parkriver Dr, Manassas, VA 20112
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    • $275,000

      Land Package Near Lake Jackson

      Four parcels totaling over an acre near Lake Jackson.
      11521 Luther Dr, Manassas, VA 20112
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    • $1,700,000

      Manassas Land Opportunity

      Two lots totaling 5.28 acres in Manassas, Virginia.
      10501 Godwin Dr, Manassas, VA 20112
      View Details
    • $2,000,000

      Land For Sale

      Land available for sale.
      10499 Godwin Dr, Manassas, VA 20112
      View Details

    Similar Nearby for Sale

    • $99,990

      Newer Manufactured Home in Manassas

      2019 manufactured home with modern amenities in Forest Mobile Park.
      7800 Tayloe Dr, Manassas, VA 20112
      View Details
    • $99,990

      Newer Manufactured Home in Manassas

      2019 Elation model with modern amenities in Forest Mobile Park.
      7800 Tayloe Dr Dr, Manassas, VA 20112
      View Details
    • $500,000

      Residential Lot in Manassas

      One-acre residential lot with approved house and grading plans.
      12009 Parkriver Dr, Manassas, VA 20112
      View Details
    • $1,700,000

      Manassas Land Opportunity

      Two lots totaling 5.28 acres in Manassas, Virginia.
      10501 Godwin Dr, Manassas, VA 20112
      View Details
    • $275,000

      Land Package Near Lake Jackson

      Four parcels totaling over an acre near Lake Jackson.
      11521 Luther Dr, Manassas, VA 20112
      View Details
    • $2,000,000

      Land For Sale

      Land available for sale.
      10499 Godwin Dr, Manassas, VA 20112
      View Details
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    Manassas, VA 20112
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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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