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    9017 Patriot Hwy Fredericksburg, VA 22407
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    9017 Patriot Hwy Fredericksburg, VA 22407

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    • Warehouses
    • 2,280 SF
    • 4.12 lot acres
    For Sale
    $3,999,000
    View Listing →
    9017 Patriot Highway For Sale
    $3,999,000
    2,280 SF

    9017 Patriot Highway

    Warehouses

    9017 Patriot Hwy, Fredericksburg, VA 22407
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 9017 Patriot Hwy

    Lot size
    4.12 lot acres
    Property size
    2,280 SF
    Property type
    Warehouses
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Fredericksburg City
    State
    Virginia
    Longitude
    -77.5059
    Latitude
    38.2064

    Comparable in this City

    • Value Estimation by Request

      7730 Patriot Hwy

      Land
      7730 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      50.00 Acres

      11120 Gordon Rd

      Land • 50.00 Acres
      11120 Gordon Rd, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      4.68 Acres

      Eustace Rd

      Land • 4.68 Acres
      0 Eustace Rd, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      0.50 Acres

      9683 Patriot Hwy

      Land • 0.50 Acres
      9683 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      2.81 Acres

      Meekins Dr

      Land • 2.81 Acres
      0 Meekins Dr, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      1.00 Acre

      Outparcel Cor

      Land • 1.00 Acre
      Outparcel Cor, Fredericksburg, VA 22407
      View Details

    Similar Nearby for Sale

    • $3,999,000
      4.12 Acres

      9017 Patriot Highway

      Distribution centers • 2,280 SF
      9017 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing
      16,300 SF

      Leased Stafford County Warehouse/Office

      16,300 SF warehouse/office 100% leased to GSA.
      20 Hazel Park Ln, Fredericksburg, VA 22407
      View Details
    • Contact for pricing
      2,280 SF

      Fredericksburg Area Industrial Opportunity

      4.12 acre lot suitable for various uses.
      9017 Jefferson Davis Hwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      2.36 Acres of Land

      2.36 acres of land available for sale.
      10726 Courthouse Rd, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Fredericksburg, Virginia.
      7103 Salem Fields Blvd, Fredericksburg, VA 22407
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,200 SF

      Industrial Warehouse Space For Lease

      Class A industrial warehouse space with outside storage potential.
      8110 River Stone Dr, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Land for Rent in Fredericksburg

      Land available for rent in Spotsylvania County, Fredericksburg.
      10702 Courthouse Rd, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in Fredericksburg, Virginia.
      9683 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Industrial Property in Spotsylvania County

      59,981 SF industrial property on 19.66 acres for lease.
      4900 Ondura Dr, Fredericksburg, VA 22407
      View Details
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    Fredericksburg, VA 22407
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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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