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    411 Chatham Hts Rd Fredericksburg, VA 22405-2583
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    Property profile & analytics

    411 Chatham Hts Rd, Fredericksburg, VA 22405-2583

    View on Map
    • Retail space
    • 31,230 SF
    • 4.38 lot acres
    Off-Market
    Property ID
    US87-2528548
    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
    $2,110,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Papa John's Pizza / Restaurant
    • Mai Barber Shop / Barber Shop
    • Hampton's Karate / Training Center / Sports School
    • Anne Reeves - State Farm Insurance Agent / Insurance Agency
    • Subway / Take-out & Catering / Catering Service

    Property Details for 411 Chatham Hts Rd

    Year built
    1984
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.38 lot acres
    Zone code
    B2- URBAN COMM
    Property type
    Retail space
    APN
    54F-3H-17A
    APU
    54F3H17A

    Description

    This exceptional 6,000-square-foot build-to-suit opportunity is located at 411 Chatham Heights Road in Fredericksburg, Virginia, zip code 22405. The property is zoned B2 and features a single-tenant occupancy within a thriving commercial area. The building is a single-story structure, offering a completely vacant 6,000 square feet ready for immediate development to meet a tenant's specific needs. The property type is retail, suitable for various uses including restaurants, storefronts, and in-line retail establishments. Its location within the Chatham Heights Shopping Center provides excellent visibility and accessibility for customers. This build-to-suit option allows for complete customization, ensuring the space perfectly aligns with the tenant's operational requirements and brand aesthetic. The property presents a unique chance to establish a strong presence in a dynamic commercial environment. Interested parties should act quickly to secure this exceptional opportunity to create a bespoke retail space in a high-traffic location. The property's address is 411 Chatham Heights Rd, Fredericksburg, VA 22405.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,338,000
      Market price range: $1.14M - $3.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Stafford
    State
    Virginia
    Longitude
    -77.4526
    Latitude
    38.3128
    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
    $24,095
    $953,000
    $2,243,800
    $3,196,800
    -
    $953,000
    $2,243,800
    $3,196,800

    Comparable in this City

    • Value Estimation by Request
      1,976 SF

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      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
      $5,650,000
      27,100 SF

      91 Washington Sq Plz

      RETAIL STORES (PERSONAL SERVICES)
      91 Washington Sq Plz, Fredericksburg, VA 22405-3242
      View Details
    • Value Estimation
      $2,055,000
      9,177 SF

      304 Deacon Rd

      RETAIL STORES (PERSONAL SERVICES)
      304 Deacon Rd, Fredericksburg, VA 22405-1700
      View Details
    • Value Estimation
      $515,000
      2,496 SF

      219 Kings Hwy

      RETAIL STORES (PERSONAL SERVICES)
      219 Kings Hwy, Fredericksburg, VA 22405-2650
      View Details
    • Value Estimation
      $2,845,000
      12,771 SF

      2 Pointe Ln

      RETAIL STORES (PERSONAL SERVICES)
      2 Pointe Ln, Fredericksburg, VA 22405-8727
      View Details
    • Value Estimation by Request
      1,591 SF

      1175 White Oak Rd

      RETAIL STORES (PERSONAL SERVICES)
      1175 White Oak Rd, Fredericksburg, VA 22405-3504
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,090 SF

      Retail/Office Space with Garage

      Retail or office space with detached garage in Fredericksburg.
      471 Chatham Heights Rd, Fredericksburg, VA 22405
      View Details
    • $3,300,000

      9 Acres Car Lots

      Two car lots with residential units near downtown Fredericksburg.
      226 Cambridge St, Fredericksburg, VA 22405
      View Details
    • Contact for pricing

      Stafford County Mixed-Use Land

      34.81 acres in Stafford County, Virginia, for mixed-use development.
      38-23C 17.8763Acs, Fredericksburg, VA 22405
      View Details
    • $249,000

      Commercial Land on RT 1

      Commercial land for sale on RT 1 in Fredericksburg.
      247 Richmond Hwy, Fredericksburg, VA 22405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,260 SF

      Retail Space in Shopping Center

      Neighborhood shopping center with ample parking near downtown Fredericksburg.
      201-207 Kings Hwy, Fredericksburg, VA 22405
      View Details
    • Contact for pricing
      3,000 SF

      Grocery Anchored Retail Space Available

      Retail space and pad sites available in Stafford County.
      35 Town And Country Dr, Fredericksburg, VA 22405
      View Details
    • Contact for pricing
      5,100 SF

      Retail Space on Chatham Heights

      Retail space with superior signage and visibility in Stafford County.
      430 Chatham Heights Rd, Fredericksburg, VA 22405
      View Details
    • Contact for pricing

      Retail Spaces Available For Lease

      Retail spaces for lease in Fredericksburg, Virginia.
      10 Leeland Rd, Fredericksburg, VA 22405
      View Details
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    411 Chatham Hts Rd
    Fredericksburg, VA 22405-2583
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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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