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Property profile & analytics
OFF-MARKET
Estimated value
$47,350,000
Outlet malls
9000 Freedom Ctr Blvd Manassas, VA 20110
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-0850746
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2020
Total area
409,252 SF
Lot
18.75 ac (816,837 SF)
Zoning code
LIGHT INDUSTRIAL
APN
7696-21-7764
UPID
US87-0850746
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.35M
Owner & transaction history
Manassas Ncp LLC · 7 yrs held
Manassas Ncp LLC
since 2018
7 recorded transactions
Zoning & alternative use
LIGHT INDUSTRIAL · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$77,030,000
Current use
COMMERCIAL (GENERAL)
$63,205,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$47.35M
Range $42.62M – $52.09M · ±10%
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
$116 / 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
$1,025,885
Tax year 2023
Assessed value
$96,736,000
Assessed 2023
Previous assessed
$71,186,000
+35.9% YoY
Effective rate
1.06%
On assessed value
Assessed land
$28,128,500
Assessed improvement
$68,607,500
Land market value
$28,128,500
Improvement market value
$68,607,500
Total market value
$96,736,000
Applied tax rate
2.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2020
Heating
NONE
Stories
2
Total area
409,252 SF
Lot
18.75 ac (816,837 SF)
Zoning code
LIGHT INDUSTRIAL
APN
7696-21-7764
UPID
US87-0850746
Jurisdiction
PRINCE WILLIAM
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LIGHT INDUSTRIAL · Manassas, VA
Zoning LIGHT INDUSTRIAL · permitted uses
LIGHT INDUSTRIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$77.0M
COMMERCIAL (GENERAL)
Est. value
$63.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
2
Lot
18.75 ac
Current owner
From public records · entity-resolved
Manassas Ncp LLC
Entity
Mailing address
300 N LA SALLE DR STE #1875, CHICAGO, IL 60654-3417
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
—
Manassas Ncp LLC
—
Deed
related
$57,793,240 · Wilmington Trust NA
Dec 11, 2018
—
Manassas Ncp LLC
—
Loan Modification
related
$77,720,415 · Wells Fargo Bk
Nov 13, 2018
$5,625,660
Manassas Ncp LLC
Sammis Investments LLC
Grant Deed
$15,000,000 · Ipi Nsipi Data Center Holdings
Jan 4, 2018
—
Sammis Investments LLC
Sammis L & J Trust B
Quit Claim Deed
related
—
Dec 27, 2016
—
Sammis,l & J Trust B
Innovation Tech Centre LLC
Grant Deed
related
—
Nov 9, 2010
—
Innovation Tech Centre LLC
Bull Run I LLC
Grant Deed
related
—
Sep 18, 2006
$4,901,101
Bull Run I LLC
Hkm LLC
Grant Deed
$2,450,000 · Hkm 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
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