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    Mills Dr Fredericksburg, VA 22408

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    For Lease
    $950,000

    Located near major retailers and medical center in Fredericksburg, VA.

    Lot size:
    1.00 Acre

    Property Features for Mills Dr

    General Information

    Lot size
    1.00 Acre

    Source: S.L. Nusbaum Realty Co - Corporate Agent Douglas Tice, III

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land for Lease

    This commercial land is available for lease and is situated near the intersection of US Rt 1/Patriot Highway and US Rt 17/Mills Drive. The property is located less than 1 mile from the Spotsylvania Regional Medical Center. The surrounding area includes national tenants such as Target, Ross, Marshalls, PetSmart, Panera, GNC, and Arby’s.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.384649
    Latitude
    38.2327684

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    FAQs

    What type of property is this?
    Land - Located near major retailers and medical center in Fredericksburg, VA.
    Where is this land located?
    The property is located at Mills Dr Fredericksburg, VA.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of US Rt 1/Patriot Highway & US Rt 17/Mills Drive.; - Surrounded by national tenants including Target, Ross, Marshalls, PetSmart, Panera, GNC, and Arby’s.; - Less than 1 mile from the Spotsylvania Regional Medical Center.
    (804) 690-5573
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    Mills Dr Fredericksburg, VA 22408
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    Fredericksburg, VA 22408
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    Realmo Value Estimation

    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.

    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.

    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
    Mills Dr Fredericksburg, VA 22408
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