Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    11 Smokehouse Dr Fredericksburg, VA 22406-8455

    • Medical offices
    • 2,504 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2020
    $511,000
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    8.3%
    Medical offices
    Location Intelligence
    Property ID
    US87-1205742
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Real Life Community Church / Baptist Church
    • Real Life Community Church - Food Distribution Center / Food Bank
    • Kingdom Expectations / Church
    • Lauren F. Scott, NP / Nurse Practitioner
    • Yang Ximin DDS / Dentist

    Property Details for 11 Smokehouse Dr

    Year built
    2007
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.34 lot acres
    Property size
    2,504 SF
    Zone code
    B2- URBAN COMM
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    44AA-1A
    APU
    44AA1A

    Description

    This exceptional 7% cap rate shopping center, located at 11 Smokehouse Dr, Fredericksburg, VA 22406, presents a compelling investment opportunity. Priced at $3,700,000, the property boasts a strong Net Operating Income (NOI) of $259,000. Its strategic location offers significant advantages, including proximity to dense residential areas, ensuring a consistent customer base. The property benefits from excellent visibility on Smokehouse Dr and Plantation Dr, and enjoys convenient access to major roadways, specifically Warrenton Road (Rt. 17), and is less than 1.5 miles from I-95 at Exit 133B. Ample parking is available for customers and tenants. The current owner is open to subdividing the property for lease, providing flexibility for potential buyers seeking to tailor the space to their specific needs. This makes it an ideal investment for both seasoned investors and those new to the commercial real estate market. The property's strong performance and strategic location make it a highly attractive investment opportunity with significant potential for future growth and return. The property is classified as retail and is categorized as a shopping center. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving Virginia market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $470,000
      ML approach
      $455,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $655,000
      6.5%
      $605,000
      7%
      $560,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Stafford
    State
    Virginia
    Longitude
    -77.5033
    Latitude
    38.355
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,418
    $235,500
    $343,100
    $578,600
    -
    $235,500
    $343,100
    $578,600

    Comparable in this City

    • Value Estimation
      $285,000
      5,024 SF

      625 Warrenton Rd

      MEDICAL BUILDING • 5,024 SF
      625 Warrenton Rd, Fredericksburg, VA 22406-7000
      View Details
    • Value Estimation
      $350,000
      7,054 SF

      127 Lichfield Blvd

      MEDICAL BUILDING • 7,054 SF
      127 Lichfield Blvd, Fredericksburg, VA 22406-6439
      View Details
    • Value Estimation
      $420,000
      13,478 SF

      14 Stafford Lks Pkwy

      MEDICAL BUILDING • 13,478 SF
      14 Stafford Lks Pkwy, Fredericksburg, VA 22406-7306
      View Details
    • Value Estimation
      $840,000
      48,418 SF

      140 Brimley Dr

      HOMES (RETIRED, NURSING) • 48,418 SF
      140 Brimley Dr, Fredericksburg, VA 22406-5103
      View Details
    • Value Estimation
      $600,000
      16,245 SF

      55 Brimley Dr

      HOMES (RETIRED, NURSING) • 16,245 SF
      55 Brimley Dr, Fredericksburg, VA 22406-5147
      View Details
    • Value Estimation by Request
      182,898 SF

      60 Brimley Dr

      HOMES (RETIRED, NURSING) • 182,898 SF
      60 Brimley Dr, Fredericksburg, VA 22406-5147
      View Details

    Similar Nearby for Sale

    • $470,000
      2,208 SF

      Del Webb Villa in Fredericksburg

      Well-maintained villa in a vibrant 55+ active adult community.
      199 Long Point Dr, Fredericksburg, VA 22406
      View Details
    • $4,100,000
      2,500 SF

      Fredericksburg Flex/Office Space

      Prime location, flexible space, for sale or lease.
      110 Juliad Ct, Fredericksburg, VA 22406
      View Details
    • Contact for pricing
      45,000 SF

      Fredericksburg Office For Sale/Lease

      Office space available for sale or lease in Fredericksburg, VA.
      114 Juliad Ct, Fredericksburg, VA 22406
      View Details
    • $895,000
      3,125 SF

      Stand Alone Office Building

      Fredericksburg office building with high visibility and private parking.
      621 Warrenton Rd, Fredericksburg, VA 22406
      View Details
    • $395,000

      Land on Route 17 Frontage

      Commercial land prime for development with road frontage.
      1559 Warrenton Rd, Fredericksburg, VA 22406
      View Details
    • Contact for pricing

      Stafford Land Parcel For Sale

      35.97 acres near retail, businesses, and residential area.
      Fleet Rd, Fredericksburg, VA 22406
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      6,033 SF

      HQ Riverside Pkwy Office Space

      Flexible Office Suites in Fredericksburg, VA
      150 Riverside Pkwy, Fredericksburg, VA 22406
      View Details
    • $12 SF/Yr
      30,000 SF

      Fredericksburg Flex Office Space

      Prime Stafford County flex space, for lease or sale.
      110 Juliad Ct, Fredericksburg, VA 22406
      View Details
    • $700 /Mo
      89,298 SF

      Affordable Office Spaces For Lease

      Flexible office spaces available in a prime, accessible location.
      15 Riverside Pkwy, Fredericksburg, VA 22406
      View Details
    • $19 SF/Yr
      12,992 SF

      Riverside Parkway Office Suites

      Fredericksburg, VA Office Space Available
      100 Riverside Pkwy, Fredericksburg, VA 22406
      View Details
    • $6 SF/Yr
      1,980 SF

      Fredericksburg Industrial Warehouse Space

      1,980 SF Warehouse in Stafford County
      1120 International Pkwy, Fredericksburg, VA 22406
      View Details
    • $2,100 /Mo
      1,442 SF

      Flex Space with Drive-In Bay

      Flex space featuring a drive-in bay and office area.
      39 Mcwhirt Loop, Fredericksburg, VA 22406
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11 Smokehouse Dr
    Fredericksburg, VA 22406-8455
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.