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    3541 Waterway Dr Dumfries, VA 22025
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    Property profile & analytics

    3541 Waterway Dr, Dumfries, VA 22025

    View on Map
    • Shopping centers
    • 6,496 SF
    • 0.66 lot acres
    Off-Market
    Property ID
    US87-3849044
    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
    $2,070,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shopping centers

    Property Details for 3541 Waterway Dr

    Year built
    1989
    Lot size
    0.66 lot acres
    Zone code
    RES PLANNED CMNTY
    Property type
    Shopping centers
    Property subtype
    Shopping centers
    APN
    8191-22-5293
    APU
    8191225293

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2022 — John J Ahn Sil Ahn Hei Transfer On Death Deed · related —
    Jan 23, 2006 $2,600,000 Ahns Real Estate INC Keene Mill Corp Grant Deed $350k · Branch Banking & Trust Co Va
    — — Keene Mill Corp — Deed Of Trust · related $1.9M · Woori America Bank
    — — Keene Mill Corp — Deed Of Trust · related $1.2M · Woori America Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,225,000
      6.5%
      $2,055,000
      7%
      $1,910,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,985,000
      Current use
      COMMERCIAL (GENERAL)
      $3,430,000
      Change: +15% Conversion: Easy
      MEDICAL BUILDING
      $3,370,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $2,660,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Dumfries
    County
    Prince William
    State
    Virginia
    Longitude
    -77.3462
    Latitude
    38.6255
    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
    $17,691
    $395,800
    $1,304,400
    $1,700,200
    -
    $395,800
    $1,304,400
    $1,700,200

    Comparable in this City

    • Value Estimation
      $1,535,000
      6,831 SF

      16160 Country Clb Dr

      SHOPPING CENTER COMMON AREA
      16160 Country Clb Dr, Dumfries, VA 22025
      View Details
    • Value Estimation
      $2,770,000
      11,963 SF

      4370 Kevin Walker Dr

      SHOPPING CENTER COMMON AREA
      4370 Kevin Walker Dr, Dumfries, VA 22025
      View Details
    • Value Estimation
      $3,380,000
      13,500 SF

      4399 Kevin Walker Dr

      SHOPPING CENTER COMMON AREA
      4399 Kevin Walker Dr, Dumfries, VA 22025
      View Details
    • Value Estimation
      $9,900,000
      35,920 SF

      16826 Dumfries Rd

      SHOPPING CENTER, STRIP CENTER
      16826 Dumfries Rd, Dumfries, VA 22025
      View Details
    • Value Estimation
      $10,195,000
      31,263 SF

      3900 Fettler Park Dr

      SHOPPING CENTER, STRIP CENTER
      3900 Fettler Park Dr, Dumfries, VA 22025
      View Details
    • Value Estimation
      $20,390,000
      85,455 SF

      4202 Fortuna Ctr Plz

      MINI-MALL
      4202 Fortuna Ctr Plz, Dumfries, VA 22025
      View Details

    Similar Nearby for Sale

    • $200,000
      0.50 Acres

      Vacant Lot in Dumfries, VA

      0.5-acre vacant lot for development or investment.
      17214 Batestown Rd, Dumfries, VA 22025
      View Details
    • $450,000
      1,736 SF

      Dumfries Office Condo - Great Investment

      1736 sq ft Office Condo, $450,000
      3763 Fettler Park Dr, Dumfries, VA 22025
      View Details
    • Contact for pricing

      Office Condo in Corporate Plaza

      Office condominium unit utilized as a sleep center for sale.
      3763 Fettler Park Dr, Dumfries, VA 22025
      View Details
    • $179,000
      2.25 Acres

      Wooded Land Near Forest Park

      Two acres of wooded privacy near Prince William Forest Park.
      16921 Batestown Rd, Dumfries, VA 22025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      66,870 SF

      Prime Retail Space Available

      Large retail space in high-traffic Prince William County power center.
      4174 Fortuna Center Plz, Montclair, VA 22025
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Dumfries, VA

      Retail space available for lease in Dumfries, Virginia.
      5119-5275 Waterway Dr, Dumfries, VA 22025
      View Details
    • Contact for pricing
      14,454 SF

      Dumfries Retail Space Sublease

      Retail space available for sublease in Dumfries, Virginia.
      4421 Fortuna Center Plz, Dumfries, VA 22025
      View Details
    • Contact for pricing
      14,565 SF

      Retail Space in Fortuna Center

      Sublease opportunity in a Target-anchored shopping center.
      4424 Fortuna Center Plz, Dumfries, VA 22025
      View Details
    • Contact for pricing

      Retail Land For Lease

      2.9 acres of retail land available for lease.
      16591 Dumfries Rd, Dumfries, VA 22025
      View Details
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    Dumfries, VA 22025
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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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