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Property profile & analytics
OFF-MARKET
Estimated value
$6,835,000
Commercial real estate
1031 Care Way Fredericksburg, VA 22401-8425
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-1227342
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Total area
20,568 SF
Lot
1.57 ac (68,389 SF)
Zoning code
CT
APN
7779-27-9282
UPID
US87-1227342
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
-
Fredericksburg Digestive Health Research Medical Clinic
-
Gastroenterology Associates of Fredericksburg Medical Clinic
-
Chet Pai, DO: Gastroenterology Associates of Fredericksburg Physician
-
Peter Wong, MD: Gastroenterology Associates of Fredericksburg Physician
-
Frank J. Detrane, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.60M
CAP Approach
CAP
$5.52M
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$6.84M
Owner & transaction history
Mary Washington Hospital INC · 1 yrs held
Mary Washington Hospital INC
since 2025
Last sale
$6.7M
5 recorded transactions
Zoning & alternative use
CT · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CT District is established to provide for the location of predominantly nonresidential commercial uses in a low intensity manner such that they can be employed as transitional land uses between residential neighborhoods and higher intensity uses.
Zone name
Commercial And Transitional Office
General category
COMMERCIAL
Zone area
341.43 ac
Source
Realmo
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
$8,725,000
ML approach
$7,595,000
CAP Approach
CAP Return
Estimation
6%
$5,980,000
6.5%
$5,520,000
7%
$5,125,000
Blend value · Realmo final
$6.84M
Range $6.15M – $7.52M · ±10% · vs last sale $6.70M (Apr 2 2025)
Last sale anchor
$6.70M
Apr 2 2025
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
$332 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$54,102
Tax year 2024
Assessed value
$6,078,900
Assessed 2024
Previous assessed
$6,078,900
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$923,300
Assessed improvement
$5,155,600
Land market value
$923,300
Improvement market value
$5,155,600
Total market value
$6,078,900
Applied tax rate
5,101,510.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
1
Total area
20,568 SF
Lot
1.57 ac (68,389 SF)
Zoning code
CT
APN
7779-27-9282
UPID
US87-1227342
Jurisdiction
FREDERICKSBURG CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CT · Fredericksburg, VAZoning CT · permitted uses
CT · Fredericksburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CT District is established to provide for the location of predominantly nonresidential commercial uses in a low intensity manner such that they can be employed as transitional land uses between residential neighborhoods and higher intensity uses.
Zone name
Commercial And Transitional Office
General category
COMMERCIAL
Zone area
341.43 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
Mary Washington Hospital INC
Entity
Free & Clear · 1 yrs held
Mailing address
1031 CARE WAY, FREDERICKSBURG, VA 22401-8425
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2025
—
Mary Washington Hospital INC
Medicorp Properties INC
Deed
related
—
Mar 10, 2025
$6,700,000
Medicorp Properties INC
Gaf Real Estate LLC
Special Warranty Deed
—
Mar 31, 2011
—
Gaf Real Estate LLC
—
Deed Of Trust
related
$4,184,100 · Union First Market Bk
Mar 22, 2006
$674,560
Gaf Real Est LLC
Medicorp Properties INC
Deed Of Trust
$3,330,000 · National Bk/fredericksburg
—
—
Gaf Real Estate LLC
—
Deed Of Trust
related
$335,000 · Union First Market 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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