Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8422 Wellington Rd Manassas, VA 20109-3914
    Back to Search
    Property profile & analytics

    8422 Wellington Rd, Manassas, VA 20109-3914

    View on Map
    • Outlet malls
    • 119,952 SF
    • 8.44 lot acres
    Off-Market
    Last Sale Oct 2, 2024
    $27,500,000
    Property ID
    US87-0046568
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hilldrup / Moving Company
    • FLYT Moving / Moving Company / Storage Facility
    • Atlantic Coast Portable Storage / Moving Company / Storage Facility
    • CK Moving Supply / Big Box & Wholesale Store

    Property Details for 8422 Wellington Rd

    Year built
    2005
    Lot size
    8.44 lot acres
    Zone code
    LIGHT INDUSTRIAL
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    7696-02-6087
    APU
    7696026087

    Description

    This Manassas, VA warehouse offers 3,480 square feet of immediately available space, with a minimum leasable area of 1,000 square feet. Located at 8422 Wellington Rd, 20109, in Prince William County, this industrial property features two dock-high doors and is part of a larger 15,000 square foot building. The space is ideal for various uses, including storage and light manufacturing, but excludes woodworking, welding, and automotive work. Tenants enjoy dedicated parking, including overnight options, and enhanced security measures such as onsite video surveillance and secure access codes. The warehouse benefits from a heated interior for year-round comfort and standard 120-volt power (specialty power available at an additional cost). An upstairs office is also available for lease. Operating hours are Monday-Friday, 8 am to 5 pm, and Saturday, 9 am to 3 pm, with extended hours possible upon approval. This property offers a limited-time 20% discount on the monthly rate of $1.15 per square foot, expiring December 31, 2024. The property is conveniently located near major highways, providing excellent access for distribution and transportation needs. Property taxes are $1.15 per square foot. No public access is permitted

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Prince William
    State
    Virginia
    Longitude
    -77.5262
    Latitude
    38.7643
    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
    $156,330
    $4,646,000
    $10,095,200
    $14,741,200
    -
    $4,646,000
    $10,095,200
    $14,741,200

    Comparable in this City

    • Value Estimation
      $1,695,000
      402,166 SF

      11560 Hayden Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      11560 Hayden Rd, Manassas, VA 20109-3800
      View Details
    • Value Estimation
      $1,675,000
      259,200 SF

      9570 Hornbaker Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      9570 Hornbaker Rd, Manassas, VA 20109-3973
      View Details
    • Value Estimation
      $750,000
      10,944 SF

      8588 Virginia Mdws Dr

      WHOLESALE OUTLET, DISCOUNT STORE
      8588 Virginia Mdws Dr, Manassas, VA 20109
      View Details
    • Value Estimation
      $610,000
      10.81 Acres

      9590 Hornbaker Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      9590 Hornbaker Rd, Manassas, VA 20109-3973
      View Details
    • Value Estimation
      $2,950,000
      247,608 SF

      9651 Hornbaker Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      9651 Hornbaker Rd, Manassas, VA 20109-3976
      View Details
    • Value Estimation
      $920,000
      6,400 SF

      9701 Hornbaker Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      9701 Hornbaker Rd, Manassas, VA 20109-3978
      View Details

    Similar Nearby for Sale

    • $675,000
      1,800 SF

      High-Visibility Manassas Retail Condo

      Prime Route 66 location, 1,800 sq ft flex space.
      10963 Lute Ct, Manassas, VA 20109
      View Details
    • Contact for pricing
      3.55 Acres

      Manassas Office Suite - Innovation Park

      Prime Office Space, 5,356 SF, Available Now
      11220 Assett Loop, Manassas, VA 20109
      View Details
    • $10,000,000

      Land Available in Manassas, Virginia

      Land for sale at Balls Ford Rd and I66.
      11202 Balls Ford Rd, Manassas, VA 20109
      View Details
    • $5,200,000

      Industrial Lot in Hornbaker Park

      1.3 acre fenced lot in heavy industrial zone.
      11479 Robertson Dr, Manassas, VA 20109
      View Details
    • $2,341,500
      9,366 SF

      Manassas Office Suite - 9366 SF

      Class-A Office Space, Stunning Views, Available August 1st
      8551 Rixlew Ln, Manassas, VA 20109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,375 SF

      Retail Space in Sudley Plaza

      35,375 SF retail opportunity in a high-traffic location.
      7685 Sudley Rd, Manassas, VA 20109
      View Details
    • Contact for pricing
      25,288 SF

      Retail Space in Manassas, VA

      Retail space available in established Northern Virginia shopping center.
      10440 Portsmouth Rd, Manassas, VA 20109
      View Details
    • Contact for pricing
      7,164 SF

      Retail Space in Manassas Corridor

      Retail space in high-traffic Manassas location, anchored by Global Food.
      10364-10388 Festival Ln, Manassas, VA 20109
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in Westgate Center

      Grocery-anchored shopping center with retail space available for lease.
      8025-8121 Sudley Rd, Manassas, VA 20109
      View Details
    • Contact for pricing

      Retail Space in Manassas

      Retail space available for lease in Manassas, Virginia.
      11096 Bulloch Dr, Manassas, VA 20109
      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.
    8422 Wellington Rd
    Manassas, VA 20109-3914
    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

    Thank You for Inquiry
    8422 Wellington Rd, Manassas, VA, 20109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!