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Property profile & analytics
FOR LEASE
Industrial properties
9450 Innovation Dr Manassas, VA 20110
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-3620955
For Lease
1 / 2
$17.50 SF/Yr
9450 Innovation Dr, Manassas, VA 20110
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Total area
83,328 SF
Lot
7.09 ac (308,884 SF)
Zoning code
PLANNED BUS DIST
APN
7695-18-0812
UPID
US87-3620955
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
-
COMPUTER SERVICES - Logis-Tech, inc Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.90M
CAP Approach
CAP
$14.03M
Comparable Approach
Comparable
$11.52M
Blend (final)
Blend
$14.90M
Owner & transaction history
Dunhill Village Marlboro LLC · 1 yrs held
Dunhill Village Marlboro LLC
since 2024
Last sale
$14.9M
5 recorded transactions
Zoning & alternative use
PLANNED BUS DIST · Manassas, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.8M
+121.4%
Office building
$17.0M
+51.5%
Retail stores
$15.7M
+40.2%
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
$14,900,000
ML approach
$14,900,000
CAP Approach
CAP Return
Estimation
6%
$15,200,000
6.5%
$14,030,000
7%
$13,030,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,190,000
Current use
AUTO REPAIR, GARAGE
$24,775,000
Change: +121% · Conversion: Easy
OFFICE BUILDING
$16,960,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$15,685,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,870,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$14.90M
Range $13.41M – $16.39M · ±10% · vs last sale $14.90M (Oct 22 2024)
Last sale anchor
$14.90M
Oct 22 2024
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
$179 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$145,074
Tax year 2024
Assessed value
$14,500,200
Assessed 2024
Previous assessed
$14,500,200
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$4,865,100
Assessed improvement
$9,635,100
Land market value
$4,865,100
Improvement market value
$9,635,100
Total market value
$14,500,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2003
Heating
NONE
Stories
1
Total area
83,328 SF
Lot
7.09 ac (308,884 SF)
Zoning code
PLANNED BUS DIST
APN
7695-18-0812
UPID
US87-3620955
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$24.8M
OFFICE BUILDING
Est. value
$17.0M
RETAIL STORES
Est. value
$15.7M
COMMERCIAL (GENERAL)
Est. value
$12.9M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2003
Heating
NONE
Stories
1
Lot
7.09 ac
Current owner
From public records · entity-resolved
Dunhill Village Marlboro LLC
Entity
Mailing address
9450 INNOVATION DR #1, MANASSAS, VA 20110-2214
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
$14,900,000
Dunhill Village Marlboro LLC
Bebori LLC
Special Warranty Deed
$8,000,000 · American United Life Insurance Comp
Nov 8, 2023
—
Bebori LLC
—
Deed
related
$750,000 · Virginia National Bank
—
—
Bebori LLC
—
Deed Of Trust
related
$883,230 · Fauquier Bank
—
—
Bebori LLC
—
Deed Of Trust
related
$1,000,000 · Fauquier Bank
—
—
Hebori LLC
—
Deed Of Trust
related
$3,000,000 · Fauquier Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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