Back to Search
Property profile & analytics
FOR SALE
Commercial land
11920 Kennedy Ln Fredericksburg, VA 22407
Entity Owned
20-yr Hold
Free & Clear
Property ID
US87-0694033
For Sale
Contact for pricing
11920 Kennedy Ln, Fredericksburg, VA 22407
View Listing →
Property summary
AI-generated overview
This exceptional 1.45-acre commercial land parcel, located at 11920 Kennedy Ln, Fredericksburg, VA 22407, presents a unique investment opportunity. Situated in Spotsylvania County, this finished pad site boasts convenient access to major transportation arteries. Its C-2 zoning allows for a variety of commercial uses, making it ideal for businesses seeking high visibility and easy access. The property is strategically positioned just off Plank Road (Route 3), providing effortless connectivity to Interstate 95 via Exit 130B, ensuring seamless logistics for any enterprise. Furthermore, its proximity to a well-established business park offers significant advantages in terms of synergy and potential customer base. The lot size offers flexibility
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.45 ac (63,162 SF)
Zoning code
C2 - COMMERCIAL 2
APN
23-13-C5
UPID
US87-0694033
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Horstick Investments LLC · 20 yrs held
Horstick Investments LLC
since 2006
6 recorded transactions
Zoning & alternative use
C2 - COMMERCIAL 2 · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fredericksburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fredericksburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,667
Tax year 2023
Assessed value
$734,300
Assessed 2023
Previous assessed
$734,300
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$734,300
Land market value
$734,300
Total market value
$734,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
1.45 ac (63,162 SF)
Zoning code
C2 - COMMERCIAL 2
APN
23-13-C5
UPID
US87-0694033
Jurisdiction
SPOTSYLVANIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C2 - COMMERCIAL 2 · Fredericksburg, VAZoning C2 - COMMERCIAL 2 · permitted uses
C2 - COMMERCIAL 2 · Fredericksburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.45 ac
Current owner
From public records · entity-resolved
Horstick Investments LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 41190, FREDERICKSBURG, VA 22404-1190
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2006
$480,000
Horstick Investments LLC
Fredericksburg Rescue
Grant Deed
—
Nov 19, 2004
—
Fredericksburg Rescue Squad Foun
Fredericksburg Rescue Squad INC
Quit Claim Deed
related
—
Dec 20, 2001
—
Fredericksburg Rescue Squad INC
Silver,carl D
Grant Deed
related
—
—
—
Horstick Inv S LLC
—
Deed Of Trust
related
$500,000 · Pyles Norris Tr (pt)
—
—
Horstock Invs LLC
—
Deed Of Trust
related
$500,000 · Norris Pyles Rev Tr Uaw 9-4-20
—
—
Hortick Investments LLC
—
Loan Modification
related
$500,000 · Pyles Norris Trust (pt)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
