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

    7223 Centreville Rd Manassas, VA 20111-1747

    • Retail space
    • 19,314 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimations
    $2,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3810146
    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

    • Rumalutions / Bakery / Specialty Food Shop
    • PTI TAXES / Tax Preparation
    • Viva Events DMV / Nightclub / Music Venue
    • Massage 7223 | Asian Massage / Alternative Medicine Practice / Spa & Massage Center
    • AAA CDL School / Vocational School

    Property Details for 7223 Centreville Rd

    Year built
    1974
    Lot size
    1.28 lot acres
    Property size
    19,314 SF
    Zone code
    GENERAL BUSINESS
    Property type
    Retail space
    APN
    7897-35-2875
    APU
    7897352875

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,537,000
      Market price range: $2.54M - $5.11M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,635,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,845,000
      Change: +6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,795,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $3,730,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Prince William
    State
    Virginia
    Longitude
    -77.4461
    Latitude
    38.799
    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
    $15,476
    $626,300
    $861,100
    $1,487,400
    -
    $626,300
    $861,100
    $1,487,400

    Comparable in this City

    • Value Estimation by Request
      0.58 Acres

      101 Kent Vlg Sq

      RETAIL STORES (PERSONAL SERVICES) • 0.58 Acres
      101 Kent Vlg Sq, Manassas Park, VA 20111-4154
      View Details
    • Value Estimation by Request
      2.07 Acres

      8504 Centreville Rd

      RETAIL STORES (PERSONAL SERVICES) • 2.07 Acres
      8504 Centreville Rd, Manassas Park, VA 20111-2357
      View Details
    • Value Estimation by Request
      2,150 SF

      8103 Centreville Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,150 SF
      8103 Centreville Rd, Manassas, VA 20111-2227
      View Details
    • Value Estimation
      $2,745,000
      21,570 SF

      7217 Centreville Rd

      RETAIL STORES (PERSONAL SERVICES) • 21,570 SF
      7217 Centreville Rd, Manassas, VA 20111-1747
      View Details
    • Value Estimation
      $3,165,000
      1.00 Acre

      9471 Manassas Dr

      RETAIL STORES (PERSONAL SERVICES) • 1.00 Acre
      9471 Manassas Dr, Manassas Park, VA 20111-8272
      View Details
    • Value Estimation
      $10,930,000
      0.03 Acres

      8499 Euclid Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      8499 Euclid Ave, Manassas Park, VA 20111-2375
      View Details

    Similar Nearby for Sale

    • $3,500,000
      1,652 SF

      Manassas Auto & Gas Station

      Established 3-bay service station, prime location.
      7601 Centreville Rd, Manassas, VA 20111
      View Details
    • $5,000,000

      Auto Shop with Storage Yard

      Auto shop building with outside storage yard for sale.
      7278 Centreville Rd, Manassas, VA 20111
      View Details
    • Contact for pricing
      1.22 Acres

      Manassas Office Space for Lease

      Prime Location, Utilities Included, Two Units Available
      7618 Centreville Rd, Manassas, VA 20111
      View Details
    • $50,000

      Commercial Property in MANASSAS, VA

      Commercial property for sale in MANASSAS, Virginia.
      7221 Centreville Rd, Manassas, VA 20111
      View Details
    • $1,095,000

      Maplewood Drive Specialty Property

      Specialty property available for sale on Maplewood Drive.
      7923 Maplewood Dr, Manassas, VA 20111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,200 SF

      Retail Pad Sites Available

      Retail spaces for lease with high traffic volume.
      8260-8370 Shoppers Sq, Manassas, VA 20111
      View Details
    • 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
    • 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
      View Details
    • $3,600 /Mo

      Updated Corner Unit in Conner Square

      Two-level, 2,200 SF industrial office space for rent.
      9207 Enterprise Ct, Manassas Park, VA 20111
      View Details
    • $1,750 /Mo

      Professional Office Condo For Lease

      Professional office condo for lease at $1750/month gross.
      9105 Owens Dr, Manassas Park, VA 20111
      View Details
    • $500 /Mo

      Manassas Park Office Space Available

      Office units for rent with utilities included.
      9202 Venture Ct, Manassas Park, VA 20111
      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.
    7223 Centreville Rd
    Manassas, VA 20111-1747
    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!