Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11801 Brewer Spg Rd Manassas, VA 20109-2832

    • Outlet malls
    • 115,600 SF
    • 10.06 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2021
    $18,900,000
    Value Estimations
    $19,750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2279696
    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

    • Outlet malls

    Property Details for 11801 Brewer Spg Rd

    Year built
    2013
    Lot size
    10.06 lot acres
    Property size
    115,600 SF
    Zone code
    HEAVY INDUSTRIAL
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    7597-42-2107
    APU
    7597422107

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,910,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $21,760,000
      Current use
      INDUSTRIAL (GENERAL)
      $24,700,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $22,720,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $19,430,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Prince William
    State
    Virginia
    Longitude
    -77.5482
    Latitude
    38.7898
    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
    $1,363,635
    $15,084,900
    $113,499,300
    $128,584,200
    -
    $15,084,900
    $113,499,300
    $128,584,200

    Comparable in this City

    • Value Estimation
      $1,695,000
      402,166 SF

      11560 Hayden Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 402,166 SF
      11560 Hayden Rd, Manassas, VA 20109-3800
      View Details
    • Value Estimation
      $1,675,000
      259,200 SF

      9570 Hornbaker Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 259,200 SF
      9570 Hornbaker Rd, Manassas, VA 20109-3973
      View Details
    • Value Estimation
      $750,000
      10,944 SF

      8588 Virginia Mdws Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 10,944 SF
      8588 Virginia Mdws Dr, Manassas, VA 20109
      View Details
    • Value Estimation
      $610,000
      10.81 Acres

      9590 Hornbaker Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 10.81 Acres
      9590 Hornbaker Rd, Manassas, VA 20109-3973
      View Details
    • Value Estimation
      $2,950,000
      247,608 SF

      9651 Hornbaker Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 247,608 SF
      9651 Hornbaker Rd, Manassas, VA 20109-3976
      View Details
    • Value Estimation
      $920,000
      6,400 SF

      9701 Hornbaker Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,400 SF
      9701 Hornbaker Rd, Manassas, VA 20109-3978
      View Details

    Similar Nearby for Sale

    • $11,985,000
      53,559 SF

      Manassas Church Net Lease

      53,559 SF, 100% Leased, NNN
      10002 Battleview Pkwy, Manassas, VA 20109
      View Details
    • $675,000
      1,800 SF

      High-Visibility Manassas Retail Condo

      Prime Route 66 location, 1,800 sq ft flex space.
      10963 Lute Ct, Manassas, VA 20109
      View Details
    • $1,750,000

      Manassas Retail Property - 1.5 Acres

      Prime I-66 Retail Opportunity, High Visibility.
      10701 Bulloch Dr, Manassas, VA 20109
      View Details
    • $939,900

      Flex Warehouse Condo Units

      Two connected flex warehouse condo units with mezzanine space for sale.
      7222 Nathan Ct, Manassas, VA 20109
      View Details
    • $799,900

      Corner Lot on Coverstone Drive

      0.78 acre lot ideal for retail, church, or daycare.
      10745 Coverstone Dr, Manassas, VA 20109
      View Details
    • $3,199,000
      3,215 SF

      Manassas Retail Building - Drive-Thru

      Freestanding building, 1.5 acres, high traffic area.
      10831 Promenade Ln, Manassas, VA 20109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,741 SF

      Retail Space Near Manassas Mall

      Retail space in high-traffic Manassas location, anchored by Global Food.
      10280-10348 Festival Ln, Manassas, VA 20109
      View Details
    • Contact for pricing
      35,375 SF

      Retail Space in Sudley Plaza

      35,375 SF retail opportunity in a high-traffic location.
      7685 Sudley Rd, Manassas, VA 20109
      View Details
    • Contact for pricing
      25,288 SF

      Retail Space in Manassas, VA

      Retail space available in established Northern Virginia shopping center.
      10440 Portsmouth Rd, Manassas, VA 20109
      View Details
    • Contact for pricing
      113,116 SF

      Festival at Manassas Retail Space

      Manassas Shopping Mall: Spaces Available
      0 Portsmouth Rd & Sudley Rd, Manassas, VA 20109
      View Details
    • Contact for pricing
      7,164 SF

      Retail Space in Manassas Corridor

      Retail space in high-traffic Manassas location, anchored by Global Food.
      10364-10388 Festival Ln, Manassas, VA 20109
      View Details
    • Contact for pricing

      Retail Pad Site Sublease Opportunity

      Retail pad site available for sublease in Manassas, Virginia.
      9933 Sowder Village Sq, Manassas, VA 20109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11801 Brewer Spg Rd
    Manassas, VA 20109-2832
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!