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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Office buildings
9400 Innovation Dr Manassas, VA 20110-2226
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3966088
Property summary
AI-generated overview
This exceptional Class A office space in Manassas, Virginia, offers a variety of suite options within a 35,600 square foot building. Located at 9400 Innovation Drive, this property boasts a highly desirable location in the Innovation Technology Park, providing excellent visibility from Route 234 Bypass/Prince William Parkway. The building features a convenient elevator and ample surface parking with 149 spaces. Suites are available on the second floor, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 5,070 square feet, catering to various business needs. The property is zoned PBD (Prince William County zoning designation) and its APN is 7695-08-9341. A unique feature includes three former Sensitive Compartmented Information Facility (SCIF) spaces. The full-service rental rate includes professional property management. The building's strategic location offers proximity to the FBI Northern Virginia Resident Agency and George Mason University, providing a strong professional environment. This is a multiple-tenancy building offering traditional, executive, and creative office space options.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
35,600 SF
Lot
4.34 ac (189,268 SF)
Zoning code
PLANNED BUS DIST
APN
7695-08-9341
UPID
US87-3966088
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
Current use
Occupant on record · Public records
-
Department of Labor & Industry Corporate Office
-
Prologic Inc Professional Services
-
Brentsville District Supervisor Office Corporate Office
-
Aurora Flight Sciences Corporate Office
-
Michael Baker Corporation Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$3.80M
Owner & transaction history
Nextgen Holdings LLC · 22 yrs held
Nextgen Holdings LLC
since 2004
2 recorded transactions
Zoning & alternative use
PLANNED BUS DIST · 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
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±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
$107 / 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
$40,946
Tax year 2023
Assessed value
$3,861,000
Assessed 2023
Previous assessed
$3,521,700
+9.6% YoY
Effective rate
1.06%
On assessed value
Assessed land
$2,682,600
Assessed improvement
$1,178,400
Land market value
$2,682,600
Improvement market value
$1,178,400
Total market value
$3,861,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
NONE
Stories
2
Total area
35,600 SF
Lot
4.34 ac (189,268 SF)
Zoning code
PLANNED BUS DIST
APN
7695-08-9341
UPID
US87-3966088
Jurisdiction
PRINCE WILLIAM
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PLANNED BUS DIST · Manassas, VA
Zoning PLANNED BUS DIST · permitted uses
PLANNED BUS DIST · 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.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
2
Lot
4.34 ac
Current owner
From public records · entity-resolved
Nextgen Holdings LLC
Entity
Free & Clear · 22 yrs held
Mailing address
3450 WINDMILL RNCH RD, WESTON, FL 33331-3036
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2004
—
Nextgen Holdings LLC
—
Grant Deed
related
$4,000,000 · Cardinal Bank
May 14, 2004
$473,961
Nextgen Holdings LLC
Board Of Cnty Supervisors/prince Wi
Grant Deed
related
—
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.
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