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    1195 Richmond Hwy Fredericksburg, VA 22405

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    1195 Richmond Hwy Fredericksburg, VA 22405

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    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1195 Richmond Hwy

    Lot size
    2.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 2-acre commercial and industrial land parcel presents a compelling investment opportunity in Fredericksburg, Virginia. Located at 1195 Richmond Hwy, this property boasts 250 feet of frontage on Route 1 (Richmond Highway), a major thoroughfare experiencing nearly 21,000 vehicles per day. The current B-2 zoning permits a wide range of uses, including retail, office, medical facilities, veterinary clinics, daycare centers, and quick-service restaurants. The property's designation as a Targeted Development Area for Business and Industry further enhances its potential, opening avenues for future rezoning to accommodate industrial uses. Situated in a rapidly growing area along the I-95 corridor, this strategically located site offers unparalleled accessibility, being just over a mile from Exit 136. The property's APN is 38-16E, and it's offered at $625,000. This prime location and flexible zoning make this a truly remarkable opportunity for developers and investors seeking high-visibility commercial or industrial development in a thriving market. The Stafford County location and proximity to major transportation arteries ensure strong potential for return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Stafford
    State
    Virginia
    Longitude
    -77.4464
    Latitude
    38.3825

    Comparable in this City

    • Value Estimation by Request
      34.81 Acres

      Richmond Hwy

      Land • 24,675 SF
      0 Richmond Hwy, Stafford, VA 22405
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      1.90 Acres

      401 Wyne Dr

      Land • 1.90 Acres
      401 Wyne Dr, Fredericksburg, VA 22405
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      6.11 Acres

      540 White Oak Rd

      Land • 6.11 Acres
      540 White Oak Rd, Fredericksburg, VA 22405
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      Sonny Ln

      Land
      0 Sonny Ln, Falmouth, VA 22405
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    • Value Estimation by Request
      50.55 Acres

      38-72 38-74 & 38-74-A

      Land • 50.55 Acres
      38-72 38-74 & 38-74-A, Fredericksburg, VA 22405
      View Details
    • Value Estimation by Request
      1.00 Acre

      312 Warrenton Rd

      Land • 1.00 Acre
      312 Warrenton Rd, Fredericksburg, VA 22405
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Stafford Heavy Industrial Property For Sale

      Heavy industrial property in Stafford, Virginia, with existing lease.
      125 Perry Winkle Ln, Fredericksburg, VA 22405
      View Details
    • Contact for pricing

      Land For Sale

      0.68 acre land available for sale.
      481 Chatham Heights Rd, Fredericksburg, VA 22405
      View Details
    • $2,500,000

      Stafford Heavy Industrial Property For Sale

      Heavy industrial property in Stafford, Virginia, with existing lease.
      125 Perry Winkle Ln, Fredericksburg, VA 22405
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    • $150,000

      Almost 2 Acres Land

      Land with pond, barns, and utilities near I-95.
      406 Truslow Rd, Fredericksburg, VA 22405
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Industrial/Warehouse Building with Office Space

      Freestanding industrial/warehouse building with office space for lease.
      501 Musselman Rd, Fredericksburg, VA 22405
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    • Contact for pricing

      Flexible Commercial Space Near I-95

      Adaptable office and service space with excellent highway access.
      41 Rv Pkwy, Fredericksburg, VA 22405
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    • $3,200 /Mo

      Fredericksburg Warehouse/Office Space Available

      Versatile warehouse/office space in a connected industrial zone.
      31 Friendly Ct, Fredericksburg, VA 22405
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    • $5,500 /Mo

      Flexible Commercial Space Near I-95

      Adaptable office and service bays near major routes for lease.
      41 Rv Pkwy, Fredericksburg, VA 22405
      View Details
    • Contact for pricing

      Commercial Land on Warrenton Road

      Prime pad sites available on Warrenton Road (Route 17).
      Warrenton Rd, Fredericksburg, VA 22405
      View Details
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    1195 Richmond Hwy
    Fredericksburg, VA 22405
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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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