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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Office buildings
8224 Spruce St Manassas, VA 20111-2201
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0540248
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
20,460 SF
Lot
0.82 ac (35,545 SF)
Zoning code
GENERAL BUSINESS
APN
7896-29-4085
UPID
US87-0540248
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
-
Sunbright Tanning Salon Tanning Salon
-
Anytime Fitness Gym & Fitness Center
-
PREMIUM BARBERSHOP Barber Shop
-
AdLaunch Marketing & Advertising Advertising Agency
-
American Wellness and Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.73M
Owner & transaction history
Simons Real Estate LLC · 4 yrs held
Simons Real Estate LLC
since 2021
Last sale
$1.7M
7 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
Method
Estimation
Statistic approach
$1,730,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±10% · vs last sale $1.73M (Oct 15 2021)
Last sale anchor
$1.73M
Oct 15 2021
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
$85 / 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
$18,349
Tax year 2023
Assessed value
$1,763,500
Assessed 2023
Previous assessed
$1,727,400
+2.1% YoY
Effective rate
1.04%
On assessed value
Assessed land
$482,900
Assessed improvement
$1,280,600
Land market value
$482,900
Improvement market value
$1,280,600
Total market value
$1,763,500
Applied tax rate
18.0000
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
2010
Heating
NONE
Stories
3
Total area
20,460 SF
Lot
0.82 ac (35,545 SF)
Zoning code
GENERAL BUSINESS
APN
7896-29-4085
UPID
US87-0540248
Jurisdiction
PRINCE WILLIAM
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
GENERAL BUSINESS · Manassas, VAZoning 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
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Stories
3
Lot
0.82 ac
Current owner
From public records · entity-resolved
Simons Real Estate LLC
Entity
Mailing address
703 EACHANN LN, MILLERSVILLE, MD 21108-1963
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Simons Real Estate LLC
—
Deed
related
$1,608,700 · Wells Fargo Bank NA
Oct 15, 2021
$1,730,000
Simons Real Estate LLC
Felyx Properties LLC
Deed
$1,297,500 · M & T Bank
Jan 3, 2018
$2,191,000
Felyx Properties LLC
Spruce Street Dev LLC
Grant Deed
$3,831,500 · First Svgs Bk
May 4, 2010
$1,450,000
Spruce Street Dev LLC
Acme Real Estate LLC
Grant Deed
$1,000,000 · Access National Bank
Feb 17, 2010
—
Acme Real Estate LLC
Access Natl Bk
Grant Deed
related
—
Jan 22, 2010
$1,400,000
Access Natl Bk
Nishanian V Rick
Trustees Deed
related
—
Feb 25, 2009
—
Szi Real Estate Mgmt Group LLC
Shirazi,mohammed & Reza
Grant Deed
related
$3,050,000 · Access National Bank
Sep 27, 2006
—
Szi Real Estate Management LLC
Shirazi,mohammed & Reza
Grant Deed
$2,400,000 · Access National Bank
—
—
Szi Real Estate Mgmt Group LLC
—
Deed Of Trust
related
$293,715 · Access National Bank
—
—
Szi Real Estate Mgmt Group LLC
—
Deed Of Trust
related
$254,600 · Access National Bank
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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