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    Property profile & analytics

    7202 Centreville Rd Manassas, VA 20111

    • Commercial real estate
    • 5.96 lot acres
    For Sale
    View listing
    $4,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3849040
    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 7202 Centreville Rd

    Lot size
    5.96 lot acres
    Property type
    Commercial real estate
    APN
    7897-26-3467

    Description

    This exceptional 5.96-acre commercial land parcel, located at 7202 Centreville Rd in Manassas, Virginia (zip code 20111), presents a remarkable investment opportunity. Zoned B-1, this property boasts numerous permitted uses, including assisted living facilities, event centers, churches, daycare centers, schools, and retail establishments. Additional uses, such as self-storage, gas stations, and truck stops, may be possible with a special use permit. The site offers approximately 430 feet of frontage on Route 28 (Centreville Road), a major thoroughfare with a high volume of traffic (51,000 vehicles per day). Its strategic location at the Fairfax/Prince William County border, on the "coming-home" side of Route 28, ensures high visibility and accessibility. The property's APN is 7897-26-3467. Furthermore, this land is situated within a Qualified Opportunity Zone, offering significant tax advantages for investors. This is a rare opportunity to acquire a well-located, versatile commercial property with substantial development potential. The asking price is $4,000,000.

    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
    -77.4493509
    Latitude
    38.801502

    Comparable in this City

    • $165,000

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      Manassas Commercial Land - Site Plan Approved

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      Historically Significant Land in Manassas

      Land with historical significance near shopping, dining, and recreation.
      9404 Buckhall Farm Ct, Manassas, VA 20111
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      8 Acres of Land in Yorkshire

      8 acres of mixed-use land in Yorkshire, Virginia.
      8236 Patton Ln, Manassas, VA 20111
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    • New
      $175,000
      0.50 Acres

      Land Near Manassas Amenities

      Land for sale in Prince William County near Manassas.
      7823 Lake Dr, Manassas, VA 20111
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    • $250,000

      Land Suitable for Recreation

      Land ideal for athletic field or open recreational area.
      7202 Centreville Rd, Manassas, VA 20111
      View Details

    Similar Nearby for Sale

    • $8,000,000

      8 Acres of Land in Yorkshire

      8 acres of mixed-use land in Yorkshire, Virginia.
      8236 Patton Ln, Manassas, VA 20111
      View Details
    • New
      $175,000
      0.50 Acres

      Land Near Manassas Amenities

      Land for sale in Prince William County near Manassas.
      7823 Lake Dr, Manassas, VA 20111
      View Details
    • $800,000
      0.92 Acres

      Manassas Commercial Land - Site Plan Approved

      Prime 0.92-acre lot, B-1 zoning, excellent location.
      8223 Birch St, Manassas, VA 20111
      View Details
    • $715,000

      Historically Significant Land in Manassas

      Land with historical significance near shopping, dining, and recreation.
      9404 Buckhall Farm Ct, Manassas, VA 20111
      View Details
    • $850,000
      0.69 Acres

      Commercial Land in Opportunity Zone

      0.69 acres of commercial land in Manassas Park, Virginia.
      8118 Rugby Rd, Manassas Park, VA 20111
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    • $250,000

      Land Suitable for Recreation

      Land ideal for athletic field or open recreational area.
      7202 Centreville Rd, Manassas, VA 20111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      78,768 SF

      Manassas Park Retail Center

      High-visibility retail space available in prime location.
      8444-8498 Centreville Rd, Manassas Park, VA 20111
      View Details
    • $10 SF/Yr
      24,300 SF

      Manassas Park Industrial Flex Space

      Prime Flex/Warehouse, 13,500 SF Available
      8197 Euclid Ct, Manassas Park, VA 20111
      View Details
    • Contact for pricing

      Industrial Property Near Route 28

      Industrial property with easy access to Route 28.
      8503 Euclid Ave, Manassas Park, VA 20111
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    • Contact for pricing
      1,200 SF

      Retail Pad Sites Available

      Retail spaces and pad sites for lease in Manassas.
      8251-8273 Shoppers Sq, Manassas, VA 20111
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    • $2,749 /Mo

      Manassas Park Warehouse Condo

      1,750 SF warehouse condo with drive-in door for lease.
      9208 Venture Ct, Manassas Park, VA 20111
      View Details
    • $500 /Mo

      Manassas Park Office Space Available

      Office spaces for rent with utilities included in Manassas Park.
      9202 Venture Ct, Manassas Park, VA 20111
      View Details
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    7202 Centreville Rd
    Manassas, VA 20111
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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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