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

    9509 Lee W Ave Manassas, VA 20110-5541

    • Golf courses & driving ranges
    • 21,470 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0396846
    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

    • Académie Sportif / Association / Organization
    • Virginia Portuguese Community Center / Community Center

    Property Details for 9509 Lee W Ave

    Year built
    1993
    Lot size
    1.01 lot acres
    Property size
    21,470 SF
    Zone code
    LIGHT INDUSTRIAL
    Property type
    Golf courses & driving ranges
    APN
    101-04-00-3
    APU
    10104003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Manassas City
    State
    Virginia
    Longitude
    -77.4834
    Latitude
    38.7508
    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
    $26,630
    $747,000
    $1,406,700
    $2,153,700
    -
    $747,000
    $1,406,700
    $2,153,700

    Comparable in this City

    • Value Estimation by Request
      7,700 SF

      9810 Cockrell Rd

      COUNTRY CLUB • 7,700 SF
      9810 Cockrell Rd, Manassas, VA 20110-4112
      View Details
    • Value Estimation by Request
      4,328 SF

      9238 Taney Rd

      COUNTRY CLUB • 4,328 SF
      9238 Taney Rd, Manassas, VA 20110-5948
      View Details
    • Value Estimation by Request
      1,440 SF

      9511 Prince William St

      COUNTRY CLUB • 1,440 SF
      9511 Prince William St, Manassas, VA 20110
      View Details
    • Value Estimation by Request
      15,567 SF

      9290 Stonewall Rd

      COUNTRY CLUB • 15,567 SF
      9290 Stonewall Rd, Manassas, VA 20110-2545
      View Details
    • Value Estimation
      $1,035,000
      41,436 SF

      9501 Dean Park Ln

      COUNTRY CLUB • 41,436 SF
      9501 Dean Park Ln, Manassas, VA 20110-4159
      View Details
    • Value Estimation by Request
      10,423 SF

      9448 Taney Rd

      COUNTRY CLUB • 10,423 SF
      9448 Taney Rd, Manassas, VA 20110-5933
      View Details

    Similar Nearby for Sale

    • $175,000
      858 SF

      Manassas Office Condo - Investment Opportunity

      High-traffic location, immediate rental income.
      8401 Dorsey 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
    • $3,000,000
      9,000 SF

      Manassas Industrial Building For Sale

      9,000 SF Warehouse/Office Space
      8428 Quarry Rd, 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
    • $600,000
      0.39 Acres

      Manassas Commercial Land - B-4 Zoning

      High-traffic location, 0.39 acres, $600,000
      9023 Centreville Rd, Manassas, VA 20110
      View Details
    • $750,000

      Commercial Land on Main Street

      Commercial land available for sale on Main Street.
      9410 Main St, 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.
    9509 Lee W Ave
    Manassas, VA 20110-5541
    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.