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    Property profile & analytics

    8428 Quarry Rd Manassas, VA 20110

    • Manufacturing properties
    • 5,400 SF
    • 1.08 lot acres
    For Sale
    View listing
    $3,000,000
    Last Sale
    Mar 16, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0639445
    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

    • Capital Traffic Control LLC / Road Construction Company
    • Security American Title, LLC / Consultant

    Property Details for 8428 Quarry Rd

    Year built
    1985
    Lot size
    1.08 lot acres
    Property size
    5,400 SF
    Zone code
    HEAVY INDUSTRIAL
    Property type
    Manufacturing properties
    APN
    100-33-00-A
    APU
    1003300A

    Description

    This exceptional 9,000 square foot industrial property, ideally situated on the corner of Quarry Road and Liberia Avenue in Manassas, Virginia, presents a unique investment opportunity. The building boasts a versatile layout, perfectly suited for a variety of businesses. Half of the space is dedicated to warehouse functionality, featuring two oversized drive-in doors for easy loading and unloading of materials. The remaining half comprises well-appointed office space, including a showroom, a dedicated server room for secure data storage, a formal conference room for client meetings, a comfortable waiting area, a reception area to greet visitors, a convenient kitchen, and ten private offices to ensure employee productivity and privacy. Adding to the property's practicality are two small, fenced outside storage yards, complete with electrical hookups, providing ample space for equipment or inventory storage. The property sits on a 1.08-acre lot, offering significant potential for expansion or future development. The I2 zoning within the City of Manassas allows for a wide range of industrial uses, making this a highly desirable location for contractors, distributors, or other businesses seeking a blend of warehouse and office space. The asking price is $3,000,000. This prime location and versatile building offer a compelling opportunity for significant return on investment. Don't miss this chance to acquire a well-maintained and strategically located industrial property in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Manassas City
    State
    Virginia
    Longitude
    -77.4522
    Latitude
    38.7559
    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
    2024
    $22,108
    $659,500
    $1,142,900
    $1,802,400
    -
    $659,500
    $1,142,900
    $1,802,400

    Comparable in this City

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      $275,000
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      8440 Quarry Rd

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      View Details
    • Value Estimation
      $630,000
      32,400 SF

      8305 Quarry Rd

      MANUFACTURING (LIGHT) • 32,400 SF
      8305 Quarry Rd, Manassas, VA 20110-5313
      View Details
    • Value Estimation by Request
      20,718 SF

      8320 Quarry Rd

      MANUFACTURING (LIGHT) • 20,718 SF
      8320 Quarry Rd, Manassas, VA 20110-5313
      View Details
    • Value Estimation
      $425,000
      140,538 SF

      10103 Residency Rd

      LUMBER & WOOD PRODUCT MFG • 140,538 SF
      10103 Residency Rd, Manassas, VA 20110-2008
      View Details
    • Value Estimation
      $450,000
      10,400 SF

      9070 Euclid Ave

      MANUFACTURING (LIGHT) • 10,400 SF
      9070 Euclid Ave, Manassas, VA 20110-5308
      View Details
    • Value Estimation
      $235,000
      4,320 SF

      9502 Prince William St

      MANUFACTURING (LIGHT) • 4,320 SF
      9502 Prince William St, Manassas, VA 20110-5620
      View Details

    Similar Nearby for Sale

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      Manassas Industrial Building For Sale

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      Warehouse with Office and Storage

      9,000 SF warehouse with office and outside storage.
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      Manassas Industrial Warehouse For Sale

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    Similar Nearby for Lease

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      Warehouse with Office and Amenities

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      Manassas Flex Space Available

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      Flex space for rent in Innovation Business Park.
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      View Details
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    Manassas, VA 20110
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    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
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