Property profile

308 Worth Ave Stafford, VA 22556

OFF-MARKET
Retail space
Property ID
US87-0714161
27,073 SF 3.25 ac lot Built 2004
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 26,993 square foot shopping center in Stafford, Virginia, presents a compelling investment opportunity. Located at 308 Worth Ave, 22556, this single-story, 1-building property boasts a prime location in a high-traffic retail corridor, less than one mile from I-95. The property sits on 3.25 acres and is zoned B2 Urban Commercial. Built in 2004, DocStone Commons is currently 100% occupied by five diverse tenants: Outback Steakhouse, Navy Federal Credit Union, Orange Theory Fitness, Monster Golf, and Fatty's Winghouse. Outback Steakhouse and Navy Federal Credit Union, both long-term tenants since 2004, occupy significant space and contribute substantially to the property's strong net operating income (NOI) of $627,534. The tenant mix provides a stable and reliable income stream, further enhanced by contractual rent bumps, with some tenants having annual increases of 3% or more, and others tied to CPI. Additional income is generated by a Verizon antenna on the roof. The center benefits from its proximity to Marine Corps Base Quantico, contributing to a robust local economy. The property is an outparcel of a larger shopping center, further enhancing visibility and traffic. Detailed lease terms and rent roll information are available upon request. This investment offers a compelling combination of strong current performance and significant long-term growth potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction TYPE NOT SPECIFIED
Total area 27,073 SF
Lot 3.25 ac (141,661 SF)
Zoning code B2- URBAN COMM
APN 20MM-10C
UPID US87-0714161

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Gym & Fitness Center
  • Credit Union
  • Golf Course

Location

308 Worth Ave Stafford, VA 22556-1502
Stafford metro Census 10215 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.79M
Blend (final) Blend
$5.27M

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

B2- URBAN COMM · Stafford, VA
Top alternative use upside
Commercial (general) $6.7M +10.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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