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    201 Kings Hwy Fredericksburg, VA 22405
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    201 Kings Hwy Fredericksburg, VA 22405

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    • Retail properties & Spaces
    • 61,774 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vinny's Italian Grill & Pizzeria / Restaurant
    • Moon Star Chinese Restaurant / Restaurant
    • Ferry Farm Shopping Center / Shopping Center & Mall
    • Stafford Food Security / Charitable Organization / Social Service Agency
    • New Restoration Outreach Church / Church

    Property Details for 201 Kings Hwy

    Property size
    61,774 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail property, Ferry Farm Shopping Center, located at 201-207 Kings Highway in Fredericksburg, Virginia (zip code 22405), offers a significant leasing opportunity. The center boasts a total of 61,774 square feet of retail space, situated on a 6.65-acre lot. Currently, there is 38,254 square feet of vacant space available, divisible into units as small as 2,000 square feet, with a maximum contiguous space of 36,254 square feet. One notable space is a former Food Lion location, offering 36,254 square feet. The property is zoned B-2 Urban Business, allowing for a variety of retail uses. The center underwent major façade renovations in 2021, enhancing its curb appeal and modernizing its appearance. Its strategic location on Route 3, east of downtown Fredericksburg, provides excellent visibility and accessibility to a substantial customer base. This presents a rare chance to secure a prominent retail space in a thriving Stafford County location. The property's size and flexibility make it suitable for a wide range of retail businesses, from smaller boutiques to larger anchor tenants. Interested parties should note the minimum divisible space is 2,000 square feet. This prime retail location offers a unique opportunity for growth and success in a vibrant market.

    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
    -77.446
    Latitude
    38.2992

    Comparable in this City

    • Value Estimation
      $820,000
      3,260 SF

      375 Warrenton Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,260 SF
      375 Warrenton Rd, Fredericksburg, VA 22405-1334
      View Details
    • Value Estimation
      $4,610,000
      21,250 SF

      430 Kings Hwy

      RETAIL STORES (PERSONAL SERVICES) • 21,250 SF
      430 Kings Hwy, Fredericksburg, VA 22405-3231
      View Details
    • Value Estimation
      $1,235,000
      18,225 SF

      300 Chatham Hts Rd

      RETAIL STORES (PERSONAL SERVICES) • 18,225 SF
      300 Chatham Hts Rd, Fredericksburg, VA 22405-2577
      View Details
    • Value Estimation
      $3,545,000
      14,748 SF

      50 White Oak Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,748 SF
      50 White Oak Rd, Fredericksburg, VA 22405-2551
      View Details
    • Value Estimation by Request
      1,425 SF

      245 Chatham Hts Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,425 SF
      245 Chatham Hts Rd, Fredericksburg, VA 22405-2572
      View Details
    • Value Estimation by Request
      3,094 SF

      3 Ringgold Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,094 SF
      3 Ringgold Rd, Fredericksburg, VA 22405-5717
      View Details

    Similar Nearby for Sale

    • $800,000
      5,090 SF

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    Similar Nearby for Lease

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      5,100 SF

      Retail Space on Chatham Heights

      Retail space with superior signage and visibility in Stafford County.
      430 Chatham Heights Rd, Fredericksburg, VA 22405
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      1,260 SF

      Retail Space in Shopping Center

      Neighborhood shopping center with ample parking near downtown Fredericksburg.
      201-207 Kings Hwy, Fredericksburg, VA 22405
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      3,000 SF

      Grocery Anchored Retail Space Available

      Retail space and pad sites available in Stafford County.
      35 Town And Country Dr, Fredericksburg, VA 22405
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      Retail Space For Lease

      Retail spaces available for lease.
      201 Kings Hwy, Fredericksburg, VA 22405
      View Details
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    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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