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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Commercial real estate
331 Park Hl Dr Fredericksburg, VA 22401-3375
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-3930822
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
2,941 SF
Lot
0.19 ac (8,494 SF)
Zoning code
CT
APN
7779-38-6847
UPID
US87-3930822
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
-
Powell Laura Physician
-
Larson Laura Physician
-
Preferred Pediatrics Pediatrician Medical Clinic
-
Becker Jiyeon MD Physician
-
Preferred Pediatrics-Snowden: Gurfinkel Alexander MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$900k
Owner & transaction history
Medicorp Properties INC
Medicorp Properties INC
since 2025
Last sale
$950,000
2 recorded transactions
Zoning & alternative use
CT · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CT District is established to provide for the location of predominantly nonresidential commercial uses in a low intensity manner such that they can be employed as transitional land uses between residential neighborhoods and higher intensity uses.
Zone name
Commercial And Transitional Office
General category
COMMERCIAL
Zone area
341.43 ac
Source
Realmo
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%
$855,000
6.5%
$790,000
7%
$735,000
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $950k (May 29 2025)
Last sale anchor
$950k
May 29 2025
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
$306 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,374
Tax year 2024
Assessed value
$603,800
Assessed 2024
Previous assessed
$603,800
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$152,900
Assessed improvement
$450,900
Land market value
$152,900
Improvement market value
$450,900
Total market value
$603,800
Applied tax rate
5,101,510.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
2,941 SF
Lot
0.19 ac (8,494 SF)
Zoning code
CT
APN
7779-38-6847
UPID
US87-3930822
Jurisdiction
FREDERICKSBURG CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CT · Fredericksburg, VAZoning CT · permitted uses
CT · Fredericksburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CT District is established to provide for the location of predominantly nonresidential commercial uses in a low intensity manner such that they can be employed as transitional land uses between residential neighborhoods and higher intensity uses.
Zone name
Commercial And Transitional Office
General category
COMMERCIAL
Zone area
341.43 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Medicorp Properties INC
Entity
Free & Clear · 0 yrs held
Mailing address
9909 AGNES LN, SPOTSYLVANIA, VA 22553-1976
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
$950,000
Medicorp Properties INC
D&l Property Associates LLC
Special Warranty Deed
—
—
—
D & L Property Associates LLC
—
Deed Of Trust
related
$250,000 · Union First Market 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.
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