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Property profile & analytics
FOR LEASE
Community centers
10364-10388 Festival Ln, Manassas, VA 20109
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US87-1059621
For Lease
1 / 3
Contact for pricing
10364-10388 Festival Ln, Manassas, VA 20109
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Total area
126,435 SF
Lot
10.42 ac (453,852 SF)
Zoning code
GENERAL BUSINESS
APN
7696-68-7402
UPID
US87-1059621
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
-
La Paz /Restaurante salvadoreño y Mexicano Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fc Festival LLC · 9 yrs held
Fc Festival LLC
since 2017
4 recorded transactions
Zoning & alternative use
GENERAL BUSINESS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$184,395
Tax year 2023
Assessed value
$17,721,800
Assessed 2023
Previous assessed
$16,963,200
+4.5% YoY
Effective rate
1.04%
On assessed value
Assessed land
$7,009,600
Assessed improvement
$10,712,200
Land market value
$7,009,600
Improvement market value
$10,712,200
Total market value
$17,721,800
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1986
Heating
NONE
Cooling
YES
Stories
1
Total area
126,435 SF
Lot
10.42 ac (453,852 SF)
Zoning code
GENERAL BUSINESS
APN
7696-68-7402
UPID
US87-1059621
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.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
1
Lot
10.42 ac
Current owner
From public records · entity-resolved
Fc Festival LLC
Entity
Mailing address
7200 WISCONSIN AVE STE #1100, BETHESDA, MD 20814-4845
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
—
Nm Festival LLC
—
Loan Modification
related
$15,000,000 · United Bk
Jun 16, 2017
$20,000,000
Fc Festival LLC
Festival Mzl LLC
Trustees Deed
related
$6,850,000 · United Bk
Aug 13, 2012
$15,750,000
Festival Mzl LLC
Kimco Manassas 672 INC
Grant Deed
—
—
—
Festival Mzl LLC
—
Deed Of Trust
related
$11,300,000 · Archetype Mortgage Capital LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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