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Manassas Park board upholds commercial property assessment after owner fails to appear
Summary
City staff explained a valuation that adjusted for below‑market rents but recommended keeping the assessment; with the petitioner absent the board voted unanimously to uphold the original assessment for 8395 Euclid Ave.
MANASSAS PARK, Va. — The Manassas Park Board of Equalization voted unanimously Oct. 22 to uphold the city’s original assessment of a multi‑tenant industrial property at 8395 Euclid Avenue after the property owner did not appear for an appeal hearing.
City staff presented the board with a rent‑roll analysis and an income‑approach valuation. The staff presenter said the property, built in 1985 and purchased in about 2022 for roughly $6.8 million, contains several tenants paying well below market rates. To account for that mix, staff…
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