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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Warehouses
207 Thompson Ave Fredericksburg, VA 22405-2528
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0195483
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
FRAME
Total area
3,430 SF
Lot
0.66 ac (28,532 SF)
Zoning code
M1
APN
54F-5-36A
UPID
US87-0195483
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
-
Carisma motors Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$715k
Owner & transaction history
Kargar Properties LLC · 4 yrs held
Kargar Properties LLC
since 2022
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
M1 · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$820,000
+130.4%
Retail stores
$765,000
+114.4%
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
$715,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$820,000
Change: +130% · Conversion: Difficult
RETAIL STORES
$765,000
Change: +114% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $700k (Mar 10 2022)
Last sale anchor
$700k
Mar 10 2022
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
$208 / 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
$2,646
Tax year 2023
Assessed value
$683,200
Assessed 2024
Previous assessed
$280,000
+144.0% YoY
Effective rate
0.39%
On assessed value
Assessed land
$171,200
Assessed improvement
$512,000
Land market value
$171,200
Improvement market value
$512,000
Total market value
$683,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
3,430 SF
Lot
0.66 ac (28,532 SF)
Zoning code
M1
APN
54F-5-36A
UPID
US87-0195483
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
COMMERCIAL (GENERAL)
Est. value
$820,000
RETAIL STORES
Est. value
$765,000
COMMERCIAL (GENERAL)
RETAIL STORES
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
1960
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Kargar Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6407 MUSTER CT, CENTREVILLE, VA 20121-2396
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Mar 10, 2022
$700,000
Kargar Properties LLC
Yonus Attai
Warranty Deed
—
Sep 30, 2005
$10
Yonus Attai
Hassan,ahmad
Quit Claim Deed
related
—
Sep 30, 2005
—
Yonus Attai
Mohsin,mohammad Y
Grant 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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