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Property profile & analytics
OFF-MARKET
Estimated value
$9,350,000
Commercial real estate
11500 Kings Crst Ct Fredericksburg, VA 22407-7806
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US87-1483309
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
94,932 SF
Lot
5.02 ac (218,671 SF)
Zoning code
R1 - RESIDENTIAL 1
APN
23-15-C5
UPID
US87-1483309
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
-
Kings Crest Senior Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.35M
Owner & transaction history
Centrum-kings Crest Ltd Ptrsp · 27 yrs held
Centrum-kings Crest Ltd Ptrsp
since 1998
4 recorded transactions
Zoning & alternative use
R1 - RESIDENTIAL 1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$98 / 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
$64,614
Tax year 2023
Assessed value
$8,373,000
Assessed 2023
Previous assessed
$8,373,000
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,650,000
Assessed improvement
$6,723,000
Land market value
$1,650,000
Improvement market value
$6,723,000
Total market value
$8,373,000
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
1999
Heating
NONE
Total area
94,932 SF
Lot
5.02 ac (218,671 SF)
Zoning code
R1 - RESIDENTIAL 1
APN
23-15-C5
UPID
US87-1483309
Jurisdiction
SPOTSYLVANIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
R1 - RESIDENTIAL 1 · Fredericksburg, VA
Zoning R1 - RESIDENTIAL 1 · permitted uses
R1 - RESIDENTIAL 1 · 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
1999
Heating
NONE
Lot
5.02 ac
Current owner
From public records · entity-resolved
Centrum-kings Crest Ltd Ptrsp
Individual
Mailing address
PO BOX 450233, ATLANTA, GA 31145-0233
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Centrum Kings Crest Limited Partner
—
Deed
related
$2,259,000 · Jll Real Estate Capital LLC
Nov 2, 2017
—
Centrum-kings Crest LP
—
Deed
related
$5,320,000 · Jones Lang Lasalle Multifamily
Aug 25, 1998
$710,000
Centrum-kings Crest Ltd Ptrsp
Kings Crest INC
Grant Deed
related
$851,262 · Sunamerica Housing Fund
—
—
Centrum-kings Crest LP
—
Deed Of Trust
related
$5,320,000 · Jones Lang Lasalle Multifamily
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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