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Property profile & analytics
OFF-MARKET
Estimated value
$7,625,000
Warehouses
2529 Celebrate Virginia Pkwy Fredericksburg, VA 22406-8214
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1018543
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
51,000 SF
Lot
9.57 ac (416,913 SF)
Zoning code
M2- HEAVY INDUST
APN
44W-5C
UPID
US87-1018543
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.23M
Comparable Approach
Comparable
$7.83M
Blend (final)
Blend
$7.63M
Owner & transaction history
2529 Celebrate Virginia Parkway Pro · 1 yrs held
2529 Celebrate Virginia Parkway Pro
since 2025
6 recorded transactions
Zoning & alternative use
M2- HEAVY INDUST · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.2M
+85.8%
Retail stores
$11.4M
+72.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,915,000
6.5%
$8,230,000
7%
$7,640,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,585,000
Current use
COMMERCIAL (GENERAL)
$12,230,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$11,380,000
Change: +73% · Conversion: Moderate
Blend value · Realmo final
$7.63M
Range $6.86M – $8.39M · ±10%
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
$150 / 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
$56,904
Tax year 2023
Assessed value
$8,274,000
Assessed 2024
Previous assessed
$6,021,600
+37.4% YoY
Effective rate
0.69%
On assessed value
Assessed land
$2,501,500
Assessed improvement
$5,772,500
Land market value
$2,501,500
Improvement market value
$5,772,500
Total market value
$8,274,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
51,000 SF
Lot
9.57 ac (416,913 SF)
Zoning code
M2- HEAVY INDUST
APN
44W-5C
UPID
US87-1018543
Jurisdiction
STAFFORD
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
M2- HEAVY INDUST · Fredericksburg, VA
Zoning M2- HEAVY INDUST · permitted uses
M2- HEAVY INDUST · 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
$6.6M
COMMERCIAL (GENERAL)
Est. value
$12.2M
RETAIL STORES
Est. value
$11.4M
WAREHOUSE, STORAGE Current
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
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
9.57 ac
Current owner
From public records · entity-resolved
2529 Celebrate Virginia Parkway Pro
Individual
Mailing address
6868 EMMA CT, WARRENTON, VA 20187-8964
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
$14,725,000
2529 Celebrate Virginia Parkway Pro
Blue Onyx Properties INC
Special Warranty Deed
$9,571,250 · Langley FCU
Dec 30, 2014
—
Blue Onyx Properties INC
—
Grant Deed
related
$11,250,000 · Sandy Spring Bk
Dec 7, 2009
—
Blue Onyx Properties INC
Rostrum Companies
Quit Claim Deed
related
—
Dec 7, 2009
$7,070,781
Blue Onyx Properties INC
Cva Howell LLC
Deed Of Trust
related
$9,000,000 · Branch Banking & Trust Co
Sep 11, 2007
—
Cva Howell LLC
Sh Partners LLC
Grant Deed
$4,750,000 · First Market Bank Fsb
—
—
Blue Onyx Properties INC
—
Loan Modification
related
$14,250,000 · Sandy Spring 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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