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Manassas Park Board Upholds Assessment for 8395 Euclid Avenue After Owner No‑Show
Summary
The Manassas Park Board of Equalization voted unanimously Oct. 22 to uphold the property assessment of $8,628,700 for 8395 Euclid Avenue after city staff presented an income‑approach valuation and the applicant, Robert Faye of Ryan LLC, failed to appear.
The Manassas Park Board of Equalization voted unanimously Oct. 22 to uphold the 2025 assessment of $8,628,700 for 8395 Euclid Avenue, a multi‑tenant industrial property, after city staff presented its valuation and the property owner’s representative did not attend the hearing.
City staff member Darius explained the assessment process to the board, saying the building — built in 1985 and likely purchased in 2022 for about $6.8 million — contains several long‑term leases and a mix of rents. "Several of the tenants are under $10…
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