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

    9817 Godwin Dr, Unit 201 Manassas, VA 20110-4359

    • Office Properties & Spaces
    • 5,182 SF
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3693486
    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

    • BMRA / Veterans Organization / Training Centre
    • Clear River Community Church / Church / Evangelical Church
    • Integrated Digital Systems / Software Company
    • Business Management Research Associates (BMRA) / Training Centre / Adult Education School
    • GSA Schedule - Contract Vehicles / Car Dealer

    Property Details for 9817 Godwin Dr

    Year built
    1988
    Property size
    5,182 SF
    Zone code
    LIGHT INDUSTRIAL
    Property type
    Office Properties & Spaces
    APN
    102-06-00-1A-201
    APU
    10206001A201

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $700,000
      Market price range: $540k - $1.81M
      AI Estimate
      $498,000
      Market price range: $499k - $1.00M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $975,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Manassas
    County
    Manassas City
    State
    Virginia
    Longitude
    -77.5098
    Latitude
    38.7424
    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
    $7,508
    $195,000
    $452,700
    $647,700
    -
    $195,000
    $452,700
    $647,700

    Comparable in this City

    • Value Estimation by Request
      9,981 SF

      9420 Forestwood Ln

      Medical offices • 9,981 SF
      9420 Forestwood Ln, Manassas, VA 20110
      View Details
    • Value Estimation by Request
      21,675 SF

      9324 West St

      Medical offices • 21,675 SF
      9324 West St, Manassas, VA 20110
      View Details
    • Value Estimation by Request
      979 SF

      8717 Plantation Ln

      CONDOMINIUM OFFICES • 979 SF
      8717 Plantation Ln, Manassas, VA 20110-4506
      View Details
    • Value Estimation
      $1,295,000
      7,322 SF

      9300 Frst Pt Cir

      CONDOMINIUM OFFICES • 7,322 SF
      9300 Frst Pt Cir, Manassas, VA 20110-4765
      View Details
    • Value Estimation
      $880,000
      7,445 SF

      9813 Godwin Dr

      CONDOMINIUM OFFICES • 7,445 SF
      9813 Godwin Dr, Manassas, VA 20110-4359
      View Details
    • Value Estimation by Request
      2,126 SF

      9161 Liberia Ave Ste, Unit 304

      CONDOMINIUM OFFICES • 2,126 SF
      9161 Liberia Ave Ste, Manassas, VA 20110-1726
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Manassas Medical Office Suites for Lease

      Two furnished exam rooms, immediate occupancy.
      9306 Forest Point Cir, 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
    • 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
    • $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
      858 SF

      Manassas Office Condo - Investment Opportunity

      High-traffic location, immediate rental income.
      8401 Dorsey Cir, Manassas, VA 20110
      View Details
    • $2,600,000
      9,981 SF

      Manassas Dialysis Center Investment

      High-yield NNN leased medical office.
      9420 Forestwood Ln, Manassas, VA 20110
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      3,845 SF

      Manassas Executive Office Space

      Prime Office/Restaurant Space Available
      9625 Surveyor Ct, Manassas, VA 20110
      View Details
    • $17 SF/Yr
      6,910 SF

      Manassas Office Suites Available

      Three suites, 1,250-2,960 sq ft
      8773 Commerce Ct, Manassas, VA 20110
      View Details
    • Contact for pricing
      3,400 SF

      Prime Manassas Executive Office Space

      Single-story office, 3,400 sq ft, available now.
      9560 Liberia Ave, Manassas, VA 20110
      View Details
    • $26 SF/Yr
      32,000 SF

      Class A Office Space, Manassas, VA

      Prime Old Town Manassas Office Suites Available
      9408 Grant Ave, Manassas, VA 20110
      View Details
    • $23 SF/Yr
      6,156 SF

      Office Space with Route 28 Visibility

      Office space for rent with convenient location and ample parking.
      8700 Centreville Rd, Manassas, VA 20110
      View Details
    • $2,950 /Mo

      Warehouse with Office and Amenities

      Warehouse space featuring offices, kitchen, shower, and roll-up door.
      10454 Business Center Ct, 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.
    9817 Godwin Dr, Unit 201
    Manassas, VA 20110-4359
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.