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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9301 Innovation Dr Manassas, VA 20110-2223

    • Office buildings
    • 70,578 SF
    • 4.75 lot acres
    OFF-MARKET
    Value Estimations
    $16,865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3703721
    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

    • Leaseweb USA, Inc. / Data Center / IT Consulting Firm
    • Berkley Alternative Markets Tech / Business Service Center / Corporate Office
    • BerkleyNet / Financial Advisor / Insurance Agency
    • Kids' Chance of Virginia / Association / Organization

    Property Details for 9301 Innovation Dr

    Year built
    2017
    Lot size
    4.75 lot acres
    Property size
    70,578 SF
    Zone code
    PLANNED BUS DIST
    Property type
    Office buildings
    APN
    7695-18-6086
    APU
    7695186086

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $22,125,000
      6.5%
      $20,425,000
      7%
      $18,965,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,040,000
      Market price range: $7.35M - $24.7M
      AI Estimate
      $12,126,000
      Market price range: $6.79M - $13.7M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $14,365,000
      Current use
      AUTO REPAIR, GARAGE
      $20,985,000
      Change: +46% Conversion: Difficult
      RETAIL STORES
      $13,285,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Prince William
    State
    Virginia
    Longitude
    -77.5231
    Latitude
    38.7533
    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
    $176,941
    $3,258,600
    $13,426,100
    $16,684,700
    -
    $3,258,600
    $13,426,100
    $16,684,700

    Comparable in this City

    • Value Estimation
      $3,800,000
      35,600 SF

      9400 Innovation Dr

      OFFICE BUILDING • 35,600 SF
      9400 Innovation Dr, Manassas, VA 20110-2226
      View Details
    • Value Estimation by Request
      3,216 SF

      9014 Ctr St

      PROFESSIONAL BUILDING • 3,216 SF
      9014 Ctr St, Manassas, VA 20110-5407
      View Details
    • Value Estimation
      $765,000
      3,444 SF

      9000 Ctr St

      PROFESSIONAL BUILDING • 3,444 SF
      9000 Ctr St, Manassas, VA 20110-5407
      View Details
    • Value Estimation by Request
      0.13 Acres

      9350 Ww St

      PROFESSIONAL BUILDING • 0.13 Acres
      9350 Ww St, Manassas, VA 20110-5144
      View Details
    • Value Estimation by Request
      960 SF

      9319 Ww St

      PROFESSIONAL BUILDING • 960 SF
      9319 Ww St, Manassas, VA 20110-5128
      View Details
    • Value Estimation by Request
      2,002 SF

      9352 Ww St

      PROFESSIONAL BUILDING • 2,002 SF
      9352 Ww St, Manassas, VA 20110-5144
      View Details

    Similar Nearby for Sale

    • $1,070,000

      Old Town Manassas Office Building

      Office building for sale in Old Town Manassas.
      9404 Battle St, 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
    • Contact for pricing
      0.51 Acres

      Manassas Office Suite For Lease

      Second-floor office, furnished option, utilities included.
      8803 Sudley Rd, Manassas, VA 20110
      View Details
    • $175,000
      858 SF

      Manassas Office Condo - Investment Opportunity

      High-traffic location, immediate rental income.
      8401 Dorsey Cir, Manassas, VA 20110
      View Details
    • $360,000
      1,687 SF

      Amazing Opportunity for the firm's principal office. This property features 6 offices and two bathrooms! Double Story. Seller will compensate up to $4500 for the new carpet. Great visibility and access to 234 Sudley Rd across from Prince William Hospital. Condo Fee is $345\/month\r\n \r\n """"}"""

      Manassas Office Condo - Great Visibility
      8573 Sudley Rd, Manassas, VA 20110
      View Details
    • $175,000
      881 SF

      Manassas Office Condo - Investment Opportunity

      High-traffic location, immediate rental income.
      8421 Dorsey Cir, Manassas, VA 20110
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      2,224 SF

      Standalone Office Building in Manassas

      Two-story office building in historic district, near amenities.
      9321 West St, Manassas, VA 20110
      View Details
    • $2,500 /Mo
      6,098 SF

      Manassas Medical/Professional Office Space

      Turnkey office space near hospital, ideal for medical or professional.
      8701 Digges Rd, Manassas, VA 20110
      View Details
    • $20 SF/Yr
      3,845 SF

      Manassas Executive Office Space

      Prime Office/Restaurant Space Available
      9625 Surveyor Ct, Manassas, VA 20110
      View Details
    • $25 SF/Yr
      2,352 SF

      Manassas Office Space for Lease

      Prime Old Town Manassas Office
      9329 Battle St, Manassas, VA 20110
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Office space across from Prince William Hospital with recent updates.
      9625 Surveyor Ct, 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
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    Manassas, VA 20110-2223
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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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