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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Industrial properties
7044 Colchester Park Dr, Manassas, VA 20112-4070
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US87-3620470
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
2012
Total area
26,500 SF
Lot
10.6 ac (461,736 SF)
Zoning code
INDUSTRIAL/TRANS
APN
7991-25-7431
UPID
US87-3620470
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
Current use
Occupant on record · Public records
-
J.D. Long Masonry General Contractor Construction Company
-
SC Companies, Inc Construction Company General Contractor
-
East Coast Truck & Trailer Sales - Manassas Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.46M
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$4.33M
Owner & transaction history
L & R Real Estate LLC · 18 yrs held
L & R Real Estate LLC
since 2008
6 recorded transactions
Zoning & alternative use
INDUSTRIAL/TRANS · Manassas, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,835,000
6.5%
$4,460,000
7%
$4,145,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,280,000
Current use
COMMERCIAL (GENERAL)
$5,210,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$5,120,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$4,990,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$4.33M
Range $3.89M – $4.76M · ±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
$163 / 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
$77,144
Tax year 2023
Assessed value
$7,414,100
Assessed 2023
Previous assessed
$5,743,300
+29.1% YoY
Effective rate
1.04%
On assessed value
Assessed land
$4,654,000
Assessed improvement
$2,760,100
Land market value
$4,654,000
Improvement market value
$2,760,100
Total market value
$7,414,100
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
2012
Heating
NONE
Stories
2
Total area
26,500 SF
Lot
10.6 ac (461,736 SF)
Zoning code
INDUSTRIAL/TRANS
APN
7991-25-7431
UPID
US87-3620470
Jurisdiction
PRINCE WILLIAM
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL/TRANS · Manassas, VA
Zoning INDUSTRIAL/TRANS · permitted uses
INDUSTRIAL/TRANS · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$5.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2012
Heating
NONE
Stories
2
Lot
10.6 ac
Current owner
From public records · entity-resolved
L & R Real Estate LLC
Entity
Mailing address
7044 COLCHESTER PARK DR, MANASSAS, VA 20112-4070
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2008
—
L & R Real Estate LLC
Ridge & Long Lc
Grant Deed
$2,310,000 · Virginia Commerce Bank
Apr 29, 2005
—
Ridge & Long Ltd Co
—
Deed Of Trust
related
$1,252,500 · Burke & Herbert Bank & Trust
—
—
Ridge & Long Ltd Co
—
Deed Of Trust
related
$345,632 · Newington Services INC
—
—
L & R Real Estate LLC
—
Deed Of Trust
related
$162,162 · Gregory L Ridge
—
—
Ridge & Long Ltd Co
—
Deed Of Trust
related
$300,000 · Prosperity Bank
—
—
Ridge & Long Ltd Co
—
Deed Of Trust
related
$476,000 · John D JR Long
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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