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    Property profile & analytics

    415 Chatham Square Office Park Fredericksburg, VA 22405

    • Office Properties & Spaces
    • 4,050 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dawning Point Early Childhood / Daycare Center

    Property Details for 415 Chatham Square Office Park

    Year built
    1987
    Property size
    4,050 SF
    Property type
    Office Properties & Spaces

    Description

    This well-maintained daycare facility, operating for over 38 years, presents a unique investment opportunity. Located within the Chatham Square Office Park in Stafford County, Virginia, this property boasts 4,050 square feet of space, ideally suited for continued daycare operation or potential repurposing. The building features four spacious classrooms, a private office, seven bathrooms, and a fully equipped kitchen including a stove/range, dishwasher, and refrigerator. The expansive 0.65+ acre lot is the largest in the office park, providing ample parking and outdoor amenities. These include a playground, patio area, picnic tables, and a functioning swimming pool (with a new pump installed in 2022). The property's B2 zoning allows for flexibility in future uses. Its prime location offers easy access to Downtown Fredericksburg and is conveniently situated approximately 2.8 miles from I-95 (via exit 133). The roof was replaced in 2012. This turnkey operation offers a substantial building with significant potential for continued success or adaptation to a new business venture. The property is priced at $825,000.

    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
    -77.4536
    Latitude
    38.3148

    Comparable in this City

    • Value Estimation
      $755,000
      5,129 SF

      405 Chatham Sq Ofc Park

      OFFICE (GENERAL) • 5,129 SF
      405 Chatham Sq Ofc Park, Fredericksburg, VA 22405-2544
      View Details
    • Value Estimation by Request
      2,025 SF

      411 Chatham Sq Ofc Park

      OFFICE (GENERAL) • 2,025 SF
      411 Chatham Sq Ofc Park, Fredericksburg, VA 22405-2561
      View Details
    • Value Estimation
      $3,280,000
      24,300 SF

      1545 Forbes St

      OFFICE (GENERAL) • 24,300 SF
      1545 Forbes St, Fredericksburg, VA 22405-1606
      View Details
    • Value Estimation
      $1,125,000
      5,375 SF

      406 Chatham Sq Ofc Park

      OFFICE (GENERAL) • 5,375 SF
      406 Chatham Sq Ofc Park, Fredericksburg, VA 22405-2585
      View Details
    • Value Estimation
      $1,430,000
      6,808 SF

      301 Warrenton Rd

      OFFICE (GENERAL) • 6,808 SF
      301 Warrenton Rd, Fredericksburg, VA 22405-1330
      View Details
    • Value Estimation by Request
      1,920 SF

      236 Cambridge St

      OFFICE (GENERAL) • 1,920 SF
      236 Cambridge St, Fredericksburg, VA 22405-1922
      View Details

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    415 Chatham Square Office Park
    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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