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    27 Gtwy Dr Fredericksburg, VA 22406-1229
    Property profile & analytics

    27 Gtwy Dr, Fredericksburg, VA 22406-1229

    View on Map

    • Retail space
    • 20,087 SF
    • 3.92 lot acres
    Off-Market
    Last Sale Jun 16, 2021
    $8,525,000
    Property ID
    US87-0780782
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $8,465,000
    Show details
    Cap Rate Potential
    7.9%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Ansam Albergogue Zaiber / Dental Office
    • PetSmart Dog Training / Animal Training
    • Dr. Rakesh Rao / Physician
    • PetSmart Grooming / Pet Grooming Service
    • Virginia School of Bhangra - Ashburn / Training Center

    Property Details for 27 Gtwy Dr

    Year built
    2007
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.92 lot acres
    Zone code
    B2- URBAN COMM
    Property type
    Retail space
    APN
    45T-4
    APU
    45T4

    Description

    This exceptional retail opportunity is located at 27 S. Gateway Drive, Suite 125, Fredericksburg, VA 22406. The Carter's Crossing Retail Center boasts a total of 40,617 square feet situated on a 3.92-acre lot. Currently, there are two available spaces totaling 4,480 square feet (1,954 sq ft and 2,526 sq ft). One space is a second-generation restaurant space, complete with existing hood and equipment. The center enjoys a prime location just off Exit 133 of I-95, providing excellent visibility and accessibility on the heavily traveled Route 17 corridor. This Target and PetSmart anchored center benefits from strong co-tenancy with Anytime Fitness, a dentist's office, and a dance studio. Convenient out-parcel retailers include Panera Bread, Chipotle, an AT&T store, and McDonald's. The property is zoned B2 and features a Net Net Net (NNN) fee of $3.75 per square foot. This is a rare chance to secure retail space in a thriving, high-visibility location. The property offers significant potential for a variety of retail businesses.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $8,560,000
      ML approach
      $8,250,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $11,200,000
      6.5%
      $10,340,000
      7%
      $9,600,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,538,000
      Market price range: $2.75M - $6.03M
    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $7,675,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Stafford
    State
    Virginia
    Longitude
    -77.4928
    Latitude
    38.3455
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $54,453
    $2,391,800
    $4,176,000
    $6,567,800
    -
    $2,391,800
    $4,176,000
    $6,567,800
    More about this property
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