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Property profile & analytics
OFF-MARKET
Estimated value
$9,390,000
Office buildings
7869 Ashton Ave Manassas, VA 20109
Trust Owned
9-yr Hold
Free & Clear
Property ID
US87-0173803
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
71,788 SF
Lot
5.52 ac (240,495 SF)
Zoning code
GENERAL BUSINESS
APN
7697-21-4553
UPID
US87-0173803
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
-
Laura Harvatine Physician
-
Neena Singh Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.15M
Blend (final)
Blend
$9.39M
Owner & transaction history
Gpt Properties Trust · 9 yrs held
Gpt Properties Trust
since 2017
5 recorded transactions
Zoning & alternative use
GENERAL BUSINESS · Manassas, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$15.3M
+27.1%
Commercial (general)
$14.1M
+16.9%
Retail stores
$13.5M
+12.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,065,000
Current use
INDUSTRIAL (GENERAL)
$15,340,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,110,000
Change: +17% · Conversion: Easy
RETAIL STORES
$13,510,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$9.39M
Range $8.45M – $10.33M · ±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
$131 / 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
$93,595
Tax year 2023
Assessed value
$8,995,200
Assessed 2023
Previous assessed
$8,623,400
+4.3% YoY
Effective rate
1.04%
On assessed value
Assessed land
$2,416,000
Assessed improvement
$6,579,200
Land market value
$2,416,000
Improvement market value
$6,579,200
Total market value
$8,995,200
Applied tax rate
6.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Cooling
YES
Stories
2
Total area
71,788 SF
Lot
5.52 ac (240,495 SF)
Zoning code
GENERAL BUSINESS
APN
7697-21-4553
UPID
US87-0173803
Jurisdiction
PRINCE WILLIAM
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
GENERAL BUSINESS · Manassas, VA
Zoning GENERAL BUSINESS · permitted uses
GENERAL BUSINESS · 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
OFFICE BUILDING Current
Est. value
$12.1M
INDUSTRIAL (GENERAL)
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$14.1M
RETAIL STORES
Est. value
$13.5M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1987
Heating
NONE
Cooling
Yes
Stories
2
Lot
5.52 ac
Current owner
From public records · entity-resolved
Gpt Properties Trust
Trust
Free & Clear · 9 yrs held
Mailing address
255 WASHINGTON ST STE #300, NEWTON, MA 02458-1634
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
Gpt Properties Trust
—
Deed
related
$444,992,000 · Us Bank Trust Co NA
Jan 21, 2025
—
Fp Atlantic Corporate Park LLC
—
Deed
related
$444,992,000 · Us Bank Trust Co NA
Jan 4, 2017
$13,200,000
Gpt Properties Trust
Pwh I LLC
Grant Deed
—
Feb 4, 2011
$13,050,000
Pwh I LLC
Building D-sudley North LLC
Grant Deed
—
Mar 9, 2007
—
Building D-sudley North LLC
—
Deed Of Trust
related
$10,400,000 · Deutsche Banc Mortgage Capital
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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