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Property profile & analytics
OFF-MARKET
Estimated value
$24,325,000
Distribution centers
181 Centreport Pkwy Fredericksburg, VA 22406-4527
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0634773
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2021
Construction
TYPE NOT SPECIFIED
Total area
202,021 SF
Lot
61 ac (2,657,160 SF)
Zoning code
M1
APN
38-14F
UPID
US87-0634773
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
-
Amazon DVA3 Warehouse & Storage
-
Wheels work for delivery Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.60M
Comparable Approach
Comparable
$33.11M
Blend (final)
Blend
$24.33M
Owner & transaction history
Parkway Storage Groupe LLC · 9 yrs held
Parkway Storage Groupe LLC
since 2017
Last sale
$21.5M
3 recorded transactions
Zoning & alternative use
M1 · 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
$19,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,310,000
6.5%
$32,595,000
7%
$30,265,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$26,075,000
Current use
Blend value · Realmo final
$24.33M
Range $21.89M – $26.76M · ±10% · vs last sale $21.50M (Oct 2 2020)
Last sale anchor
$21.50M
Oct 2 2020
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
$120 / 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
$455,299
Tax year 2023
Assessed value
$54,192,700
Assessed 2024
Previous assessed
$48,179,800
+12.5% YoY
Effective rate
0.84%
On assessed value
Assessed land
$21,257,300
Assessed improvement
$32,935,400
Land market value
$21,257,300
Improvement market value
$32,935,400
Total market value
$54,192,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2021
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
202,021 SF
Lot
61 ac (2,657,160 SF)
Zoning code
M1
APN
38-14F
UPID
US87-0634773
Jurisdiction
STAFFORD
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
M1 · Fredericksburg, VA
Zoning M1 · permitted uses
M1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$26.1M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
61 ac
Current owner
From public records · entity-resolved
Parkway Storage Groupe LLC
Entity
Mailing address
70 W 40TH ST FL #3, NEW YORK, NY 10018-2628
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2017
—
Parkway Storage Groupe LLC
—
Grant Deed
related
$7,051,761 · Community Bk/chesapeake
May 16, 2017
$1,763,000
Parkway Storage Groupe LLC
Chesapeake Holdings Csg LLC
Grant Deed
$1,407,274 · Community Bk/chesapeake
Jul 3, 2013
$3,900,000
Chesapeake Holdings
Dunn Mccormack & Macphers
Trustees Deed
related
—
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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