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10963 Lute Ct, Manassas, VA 20109
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Property summary
AI-generated overview
This exceptional retail condo, located at 10965 Lute Ct in Manassas, Virginia, offers a prime opportunity for businesses seeking high-traffic exposure. The property boasts a total of 4,000 square feet across two stories, divided into two suites. One suite, measuring between 1,700 and 2,000 square feet, is currently available for lease. The building features ample parking with 440 spaces, ensuring convenient access for customers and employees. Situated in Prince William County, this location benefits from exceptional visibility, fronting Route 66 and experiencing daily traffic from tens of thousands of vehicles. The flexible floor plan is ideal for a variety of uses, including office space, spas, or professional services. The asking rent includes condo fees, property taxes, and water, making budgeting straightforward. The property's address is 10965 Lute Ct, Manassas, VA 20109. This is a multi-tenant building with a minimum divisible space of 2,000 square feet. The convenient location and attractive rental package make this an outstanding opportunity for a discerning business. Don't miss out on this chance to establish your presence in a high-traffic area with excellent visibility.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1985
Total area
1,700 SF
Lot
0.05 ac (1,999 SF)
Zoning code
GENERAL BUSINESS
APN
7697-16-3414.01
UPID
US87-2401539
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Specialty Food Shop Supermarket
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$165k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$165k
Owner & transaction history
since 2014
5 recorded transactions
Zoning & alternative use
GENERAL BUSINESS · Manassas, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$165k
Value range
$149k – $182k
±10% around blend
Estimated value / SF
$97 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$149k
blend $165k
$182k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,700 SF
Lot area
0.05 ac
Year built
1985
Stories
1
APN
7697-16-3414.01
Zoning
GENERAL BUSINESS
Assessed value
$321,700
Annual tax
$3,347
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$466k
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.4 mi away · 1,330 SF
13.8 mi away · 1,633 SF
16.3 mi away · 1,372 SF
16.7 mi away · 1,366 SF
17.8 mi away · 1,824 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$165k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 48 sales
$197
-51%
County 83 sales
$528
-82%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $97/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$322k
Move the market yield to see immediate price impact.
Value / SF
$189
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$405k
$290k
$225k
$23k
$450k
$322k
$250k
$25k
$495k
$354k
$275k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$400k
0.0 mi · Dec 2025 · $235/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,347
Tax year 2023
Assessed value
$321,700
Assessed 2023
Previous assessed
$297,000
+8.3% YoY
Effective rate
1.04%
On assessed value
Assessed land
$57,800
Assessed improvement
$263,900
Land market value
$57,800
Improvement market value
$263,900
Total market value
$321,700
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
For Sale
Year built
1985
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,700 SF
Lot
0.05 ac (1,999 SF)
Zoning code
GENERAL BUSINESS
APN
7697-16-3414.01
UPID
US87-2401539
Jurisdiction
PRINCE WILLIAM
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
GENERAL BUSINESS · Manassas, VAZoning GENERAL BUSINESS · permitted uses
GENERAL BUSINESS · Manassas, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GENERAL BUSINESS
Jurisdiction
Manassas, VA
Recorded code
GENERAL BUSINESS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GENERAL BUSINESS in Manassas, VA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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