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

    991 Annapolis Way Woodbridge, VA 22191-1215

    • Office buildings
    • 45,000 SF
    • 4.64 lot acres
    OFF-MARKET
    Value Estimations
    $13,330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0406930
    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

    • Item Inc / Photocopiers Supplier / Printer Repair Service
    • Royalhouse Chapel International, Breakthrough Center / Church

    Property Details for 991 Annapolis Way

    Year built
    1987
    Lot size
    4.64 lot acres
    Property size
    45,000 SF
    Zone code
    GENERAL BUSINESS
    Property type
    Office buildings
    APN
    8492-08-7530
    APU
    8492087530

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,110,000
      6.5%
      $13,020,000
      7%
      $12,090,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,796,000
      Market price range: $13.9M - $32.2M
      AI Estimate
      $12,177,000
      Market price range: $12.2M - $25.0M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $20,685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbridge
    County
    Prince William
    State
    Virginia
    Longitude
    -77.2468
    Latitude
    38.6669
    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
    $53,896
    $2,622,100
    $2,557,700
    $5,179,800
    -
    $2,622,100
    $2,557,700
    $5,179,800

    Comparable in this City

    • Value Estimation
      $765,000
      1,540 SF

      15524 Neabsco Mls Rd

      OFFICE BUILDING • 1,540 SF
      15524 Neabsco Mls Rd, Woodbridge, VA 22191-4013
      View Details
    • Value Estimation
      $2,040,000
      4,543 SF

      14091 Richmond Hwy

      PROFESSIONAL BUILDING • 4,543 SF
      14091 Richmond Hwy, Woodbridge, VA 22191-2168
      View Details
    • Value Estimation
      $915,000
      2,102 SF

      13324 Occoquan Rd

      OFFICE BUILDING • 2,102 SF
      13324 Occoquan Rd, Woodbridge, VA 22191-1742
      View Details
    • Value Estimation
      $600,000
      1,386 SF

      13323 Occoquan Rd

      OFFICE BUILDING • 1,386 SF
      13323 Occoquan Rd, Woodbridge, VA 22191-1741
      View Details
    • Value Estimation
      $4,930,000
      17,016 SF

      17300 Riv Rdg Blvd

      OFFICE BUILDING • 17,016 SF
      17300 Riv Rdg Blvd, Woodbridge, VA 22191-5167
      View Details
    • Value Estimation
      $1,840,000
      2,986 SF

      2089 Daniel Stuart Sq

      PROFESSIONAL BUILDING • 2,986 SF
      2089 Daniel Stuart Sq, Woodbridge, VA 22191-3317
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Woodbridge Medical Office Suite

      Renovated Office Space - Immediate Lease
      2028 Opitz Blvd, Woodbridge, VA 22191
      View Details
    • $450,000

      Professional Office Suite with River Views

      Well-appointed office suite near VRE with lease in place.
      567 Harbor Side St, Woodbridge, VA 22191
      View Details
    • $525,000

      Medical Office Space Near Hospital

      Turnkey medical suite adjacent to Sentara Potomac Hospital.
      2296 Opitz Blvd, Woodbridge, VA 22191
      View Details
    • $350,000
      1,252 SF

      Ground Floor Woodbridge Office Space

      1252 sq ft office space near Sentara Medical Center.
      2200 Opitz Blvd, Woodbridge, VA 22191
      View Details
    • Contact for pricing

      Commercial Development Site For Sale

      Commercial development site at Richmond and Prince William County Parkway.
      14008 Jefferson Davis Hwy, Woodbridge, VA 22191
      View Details
    • $1,900,000

      Prime Redevelopment Opportunity in Woodbridge

      1.75-acre parcel zoned B-1 for diverse commercial uses.
      1640 Wigglesworth Way, Woodbridge, VA 22191
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Turn Key Medical Office

      Move-in ready medical office with flexible uses and utilities included.
      2026 Opitz Blvd, Woodbridge, VA 22191
      View Details
    • Contact for pricing

      Modern Office and Retail Spaces

      Office and retail spaces available with inclusive amenities.
      14416 Richmond Hwy, Woodbridge, VA 22191
      View Details
    • Contact for pricing
      2,867 SF

      Retail Space in Stonebridge Center

      Grocery-anchored lifestyle center with retail space for lease.
      14901 Potomac Town Pl, Woodbridge, VA 22191
      View Details
    • Contact for pricing
      3,700 SF

      Retail Space in Stonebridge Center

      Retail space available in a grocery-anchored lifestyle center.
      15025 Potomac Town Pl, Woodbridge, VA 22191
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Woodbridge, Virginia.
      15201 Potomac Town Pl, Woodbridge, VA 22191
      View Details
    • Contact for pricing
      593 SF

      Vibrant Community Hub Retail Space

      Retail space in a community-focused shopping center, 593 square feet.
      15100 Potomac Town Pl, Woodbridge, VA 22191
      View Details
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    991 Annapolis Way
    Woodbridge, VA 22191-1215
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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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