Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8802 Sudley Rd Manassas, VA 20110

    • Investment properties
    • 14,984 SF
    • 1.18 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Jun 25, 2024
    $2,336,698
    Value Estimations
    $2,145,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0943613
    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

    • Lisa Grossman / Counselor
    • Carradice Wealth Advisors, Ameriprise Financial / Financial Planner
    • Non-Emergency Healthcare Transportation VA / Transportation Service
    • Dr. Bain Ford / Psychologist
    • Northern Virginia Clinical / Medical Clinic

    Property Details for 8802 Sudley Rd

    Year built
    1990
    Lot size
    1.18 lot acres
    Property size
    14,984 SF
    Zone code
    BUSINESS OFFICE
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    112-13-20-6
    APU
    11213206

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,335,000
      ML approach
      $2,335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,577,000
      Market price range: $1.28M - $4.02M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,315,000
      Current use
      OFFICE BUILDING
      $3,050,000
      Change: +32% Conversion: Easy
      RETAIL STORES
      $2,820,000
      Change: +22% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,010,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Manassas City
    State
    Virginia
    Longitude
    -77.4813
    Latitude
    38.7645
    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
    $174,729
    $1,024,500
    $981,000
    $2,005,500
    -
    $1,024,500
    $981,000
    $2,005,500

    Comparable in this City

    • Value Estimation
      $865,000
      44,088 SF

      8655 Breeden Ave

      STORE/OFFICE (MIXED USE) • 44,088 SF
      8655 Breeden Ave, Manassas, VA 20110
      View Details
    • Value Estimation
      $645,000
      36,140 SF

      9200 Church St

      STORE/OFFICE (MIXED USE) • 36,140 SF
      9200 Church St, Manassas, VA 20110-5597
      View Details
    • Value Estimation
      $305,000
      6,032 SF

      9410 Prince William St

      STORE/OFFICE (MIXED USE) • 6,032 SF
      9410 Prince William St, Manassas, VA 20110-5666
      View Details
    • Value Estimation
      $390,000
      45,900 SF

      9300 Courthouse Rd

      STORE/OFFICE (MIXED USE) • 45,900 SF
      9300 Courthouse Rd, Manassas, VA 20110-1807
      View Details
    • Value Estimation
      $275,000
      4,896 SF

      9254 Ctr St

      STORE/OFFICE (MIXED USE) • 4,896 SF
      9254 Ctr St, Manassas, VA 20110-1802
      View Details
    • Value Estimation
      $460,000
      36,684 SF

      9540 Ctr St

      STORE/OFFICE (MIXED USE) • 36,684 SF
      9540 Ctr St, Manassas, VA 20110-5550
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Historic Manassas City Investment Opportunity

      Six-unit building in Manassas City's historical district.
      9325 Main St, Manassas, VA 20110
      View Details
    • $5,400,000
      52 SF

      Manassas Opportunity Zone Land

      Land in Manassas Opportunity Zone, excellent visibility, two purchase options.
      9107 Mathis Ave, Manassas, VA 20110
      View Details
    • Contact for pricing

      Manassas Medical Office Suites for Lease

      Two furnished exam rooms, immediate occupancy.
      9306 Forest Point Cir, Manassas, VA 20110
      View Details
    • $734,900

      Specialty Property in Manassas, VA

      Specialty property available for sale in Manassas, Virginia.
      8732 Vanore Pl, Manassas, VA 20110
      View Details
    • $350,000

      Specialty Property For Sale

      Specialty property available for purchase.
      8355 Irongate Way, Manassas, VA 20110
      View Details
    • $525,000

      Specialty Property For Sale

      Specialty property available for purchase.
      10395 Janja Ct, Manassas, VA 20110
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      945 SF

      Manassas Condo with Sunroom

      Two-bedroom condo near Old Town Manassas with sunroom.
      9230 Niki Pl, Manassas, VA 20110
      View Details
    • $650 /Mo
      195 SF

      Manassas Office Space Available

      Office space available for rent in Manassas, Virginia.
      9104 Church St, Manassas, VA 20110
      View Details
    • $900 /Mo

      Executive Office Space For Rent

      First floor office space with shared amenities in Old Town.
      9300 Grant Ave, Manassas, VA 20110
      View Details
    • $15 SF/Yr

      Industrial Property for Rent

      Industrial property available for rent in Manassas, Virginia.
      8616 Phoenix Dr, Manassas, VA 20110
      View Details
    • $17 SF/Yr
      5,182 SF

      Flex Space in Innovation Park

      Flex space for rent in Innovation Business Park.
      9450 Innovation Dr, Manassas, VA 20110
      View Details
    • Contact for pricing
      4,000 SF

      Industrial Warehouse Space in Manassas

      4,000 SF warehouse space available for lease in Manassas.
      10381 Central Park Dr, Manassas, VA 20110
      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.
    8802 Sudley Rd
    Manassas, VA 20110
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.