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    Property profile & analytics

    27 Gateway Dr Fredericksburg, VA 22406

    • Retail space
    • 20,087 SF
    • 3.92 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Last Sale
    Jun 16, 2021
    $8,525,000
    Value Estimations
    $8,465,000
    Cap Rate Potential
    7.9%
    Retail space
    Location Intelligence
    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.

    Current Use by Public Records

    • Ansam Albergogue Zaiber / Dentist
    • PetSmart Dog Training / Dog Trainer
    • Dr. Rakesh Rao / Neonatal Physician / Pediatrician
    • PetSmart Grooming / Pet Groomer
    • Virginia School of Bhangra - Ashburn / Dance School

    Property Details for 27 Gateway Dr

    Year built
    2007
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.92 lot acres
    Property size
    20,087 SF
    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 valuation — 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

    Comparable in this City

    • Value Estimation
      $3,625,000
      61,500 SF

      20 Plantation Dr

      RETAIL STORES (PERSONAL SERVICES) • 61,500 SF
      20 Plantation Dr, Fredericksburg, VA 22406-7400
      View Details
    • Value Estimation
      $1,160,000
      5,138 SF

      4 Commerce Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 5,138 SF
      4 Commerce Pkwy, Fredericksburg, VA 22406-1037
      View Details
    • Value Estimation
      $1,245,000
      5,411 SF

      125 Royal Fls Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,411 SF
      125 Royal Fls Dr, Fredericksburg, VA 22406
      View Details
    • Value Estimation by Request
      1,200 SF

      2045 Warrenton Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      2045 Warrenton Rd, Fredericksburg, VA 22406-4828
      View Details
    • Value Estimation
      $1,110,000
      4,900 SF

      830 Warrenton Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,900 SF
      830 Warrenton Rd, Fredericksburg, VA 22406-1072
      View Details
    • Value Estimation
      $2,720,000
      45,373 SF

      570 Celebrate Virginia Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 45,373 SF
      570 Celebrate Virginia Pkwy, Fredericksburg, VA 22406-7299
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,741 SF

      Retail Building in Celebrate Virginia

      Multi-tenant building for sale near Warrenton Road/Route 17.
      106 Banks Ford Pkwy, Fredericksburg, VA 22406
      View Details
    • $395,000
      3.00 Acres

      Prime Stafford County Land

      3-acre lot, Route 17 frontage.
      1559 Warrenton Rd, Fredericksburg, VA 22406
      View Details
    • $595,000
      1.40 Acres

      Celebrate Virginia Corner Lot

      1.4-Acre Commercial Land, B2 Zoning
      1.4acs Banks Ford Pkwy, Fredericksburg, VA 22406
      View Details
    • Contact for pricing
      18.85 Acres

      Prime Stafford Commercial Land

      18.85 Acres, B-2 Zoning, Ready to Develop
      1221 Warrenton Rd, Fredericksburg, VA 22406
      View Details
    • $700,000
      14.91 Acres

      Waterfront Land Near Fredericksburg

      Waterfront property near Fredericksburg with subdivision potential.
      Hassle Ln, Fredericksburg, VA 22406
      View Details
    • $900,000
      38.85 Acres

      Land with Lake Mooney Views

      Two subdividable lots totaling 38.85 acres with lake views.
      Fredericksburg, VA 22406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,134 SF

      Retail Space in Stafford County

      Neighborhood center with high visibility and frontage to Route 17.
      570 Celebrate Virginia Pkwy, Fredericksburg, VA 22406
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Space in Busy Center

      Retail space available, including a built-out restaurant.
      736 Warrenton Rd, Fredericksburg, VA 22406
      View Details
    • Contact for pricing
      2,562 SF

      Retail Space Near Tractor Supply

      Retail space available, neighboring a pending Tractor Supply.
      12 Cardinal Forest Dr, Fredericksburg, VA 22406
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Stafford County

      Neighborhood center with high visibility and frontage to Route 17.
      550-560 Celebrate Virginia Pkwy, Fredericksburg, VA 22406
      View Details
    • $1.00 SF/Yr

      Retail End Cap Unit Available

      Retail space available in well-maintained multi-tenant strip center.
      1036 Warrenton Rd, Fredericksburg, VA 22406
      View Details
    • Contact for pricing
      124,095 SF

      Banks Ford Shopping Center Investment

      Fredericksburg Retail Center - High Growth Area
      560 Celebrate Virginia Pkwy, Fredericksburg, VA 22406
      View Details
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    27 Gateway Dr
    Fredericksburg, VA 22406
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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