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    16835 Richmond Hwy Dumfries, VA 22026

    • Land
    • 2.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 16835 Richmond Hwy

    Lot size
    2.52 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This 2.52-acre commercial land parcel in Dumfries, Virginia, is located at the hard corner of Richmond Highway (36,000 vehicles per day) and Chesapeake Drive. Zoned B-1 (General Business District), it offers a wide array of permitted uses. The property boasts high visibility and is surrounded by established retail, including a Walmart Supercenter, Aldi, Food Lion, and numerous restaurants and service businesses. Two large apartment complexes and a townhome community are nearby, providing a substantial residential base. The site is mostly level and benefits from public water, sewer, and gas utilities. No known environmental issues exist. The Prince William County approval process for by-right development is estimated at 9-12 months for Site Plan approval. This infill location presents a prime opportunity for commercial or retail development. An adjacent 4.96-acre parcel is also available for potential assemblage, offering further development possibilities. The property's APN is 8289-48-0272

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dumfries
    County
    Prince William
    State
    Virginia
    Longitude
    -77.3066
    Latitude
    38.5861

    Comparable in this City

    • Value Estimation
      $1,180,000
      50,855 SF

      16960 John Pary Way

      COMMERCIAL (GENERAL) • 50,855 SF
      16960 John Pary Way, Dumfries, VA 22026
      View Details
    • Value Estimation
      $1,270,000
      92,525 SF

      3117 Chesapeake Dr

      COMMERCIAL (GENERAL) • 92,525 SF
      3117 Chesapeake Dr, Dumfries, VA 22026
      View Details
    • Value Estimation
      $2,315,000
      176,134 SF

      3026 Chesapeake Dr

      COMMERCIAL (GENERAL) • 176,134 SF
      3026 Chesapeake Dr, Dumfries, VA 22026
      View Details
    • Value Estimation by Request
      27,093 SF

      17470 Fraley Blvd

      COMMERCIAL (GENERAL) • 27,093 SF
      17470 Fraley Blvd, Dumfries, VA 22026-2227
      View Details
    • Value Estimation
      $1,365,000
      76,490 SF

      3116 Chesapeake Dr

      COMMERCIAL (GENERAL) • 76,490 SF
      3116 Chesapeake Dr, Dumfries, VA 22026
      View Details
    • Value Estimation
      $1,335,000
      76,140 SF

      16705 Harwood Oaks Ct

      COMMERCIAL (GENERAL) • 76,140 SF
      16705 Harwood Oaks Ct, Dumfries, VA 22026-6817
      View Details

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      Dumfries Specialty Property For Sale

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    Similar Nearby for Lease

    • Contact for pricing

      1 Acre Pad Site

      1 acre pad site zoned B1 with Main Street access.
      17961 Main St, Dumfries, VA 22026
      View Details
    • $700 /Mo

      Small Office Space For Rent

      Office space available for immediate occupancy in Dumfries, VA.
      17321 Richmond Hwy, Dumfries, VA 22026
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    • Contact for pricing

      Retail Space in Prince William

      Retail space available for lease in Prince William County, VA.
      17020 Richmond Hwy, Dumfries, VA 22026
      View Details
    • Contact for pricing
      1,380 SF

      Renovated Office Space Near Bases

      Office suites near Quantico and Fort Belvoir with easy I-95 access.
      17932 S Fraley Blvd, Dumfries, VA 22026
      View Details
    • $24 SF/Yr
      39,000 SF

      Northpointe Center Office Space for Lease

      Dumfries, VA Office Suites Available Now
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      View Details
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    16835 Richmond Hwy
    Dumfries, VA 22026
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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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