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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Retail space
1001 Forbes St, Fredericksburg, VA 22405-1495
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-0324969
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
2,255 SF
Lot
0.37 ac (16,000 SF)
Zoning code
B1
APN
46-36A
UPID
US87-0324969
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bitcoin Depot - Bitcoin ATM Crypto Atm Atm
-
CITY MART (Bike/Boat/Book/etc) Store
-
Forbes Street Market & Deli Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Evelyn Properties LLC
Evelyn Properties LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
B1 · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fredericksburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fredericksburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,080,000
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (May 31 2024)
Last sale anchor
$1.50M
May 31 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$665 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,266
Tax year 2023
Assessed value
$549,300
Assessed 2024
Previous assessed
$451,400
+21.7% YoY
Effective rate
0.78%
On assessed value
Assessed land
$192,000
Assessed improvement
$357,300
Land market value
$192,000
Improvement market value
$357,300
Total market value
$549,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
2,255 SF
Lot
0.37 ac (16,000 SF)
Zoning code
B1
APN
46-36A
UPID
US87-0324969
Jurisdiction
STAFFORD
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
B1 · Fredericksburg, VA
Zoning B1 · permitted uses
B1 · Fredericksburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fredericksburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Evelyn Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4230 PINEFIELD CT, RANDALLSTOWN, MD 21133-5315
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
$1,072,500
Evelyn Properties LLC
Alish Investments LLC
Trust Deed
related
—
May 31, 2024
$1,500,000
Alish Investments LLC
Arsh Chaudhri
Special Warranty Deed
$1,200,000 · Pinnacle Bank
Jul 26, 2022
$1,250,000
Sarah Markets INC
Shivakashi Resources LLC
Warranty Deed
$960,000 · Fulton Bank NA
Jun 29, 2020
—
Shivakashi Resources LLC
—
Deed
related
$751,000 · Essex Bank
Jun 15, 2017
—
Shivakashi Resources LLC
—
Deed
related
$575,000 · Community Bk/chesapeake
Jan 9, 2017
$600,000
Shivakashi Resources LLC
Choudhary,manish K
Grant Deed
$425,000 · Eagle Properties & Invs LLC
Dec 28, 2016
$382,000
Manish K Choudhary
Sharma,babu R
Grant Deed
—
Mar 2, 2016
$391,000
Babu R Sharma
Labana INC
Grant Deed
$130,000 · Bala Jain LLC
Mar 30, 2009
$500,000
Labana INC
Lee,charles D
Grant Deed
$340,000 · Carter Bank & Trust
—
—
C David Lee
—
Deed Of Trust
related
$285,000 · Carter Bank & Trust
—
—
Shivakashi Resources LLC
—
Deed Of Trust
related
$575,000 · Community Bk/chesapeake
—
—
Shivakashi Rsrcs LLC
—
Deed Of Trust
related
$751,000 · Essex Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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