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Property profile & analytics
OFF-MARKET
Estimated value
$9,535,000
Warehouses
650 Corporate Dr Stafford, VA 22554-4923
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-0568690
Property summary
AI-generated overview
Merritt Business Park at Quantico Corporate Center, Building 2, offers exceptional industrial space for lease in Stafford County, Virginia. This single-story building boasts 81,000 total square feet, with flexible space options ranging from a minimum of 7,230 square feet to a maximum contiguous space of 14,122 square feet. Currently, 21,352 square feet is available for lease. The property features 18-foot ceilings, providing ample vertical space for various industrial uses. Loading and unloading are efficient with 14 loading docks. The property is zoned M1 and is conveniently located at 650 Corporate Drive, Stafford, VA 22554, within the Stafford County Ind submarket. Ample parking is available with 283 spaces across both buildings in the park. The property's versatile design accommodates multiple tenants, making it ideal for manufacturing, flex, or warehouse operations. This prime location in Stafford County offers easy access to major transportation routes, ensuring seamless logistics and distribution. Inquire today to learn more about this exceptional leasing opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
TYPE NOT SPECIFIED
Total area
81,000 SF
Lot
7.58 ac (330,019 SF)
APN
13C-D2
UPID
US87-0568690
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
-
Long Home Products Roofing Company General Contractor
-
USA Ninja Challenge Gym & Fitness Center
-
Full Distance Brewing Production Facility Brewery & Distillery
-
Black Optix Tint Interior Design Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.07M
Comparable Approach
Comparable
$9.63M
Blend (final)
Blend
$9.54M
Owner & transaction history
MERRITTQB1 LLC
MERRITTQB1 LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Stafford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stafford 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%
$14,160,000
6.5%
$13,070,000
7%
$12,135,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,605,000
Current use
Blend value · Realmo final
$9.54M
Range $8.58M – $10.49M · ±10%
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
$118 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$91,436
Tax year 2023
Assessed value
$11,784,800
Assessed 2024
Previous assessed
$9,675,800
+21.8% YoY
Effective rate
0.78%
On assessed value
Assessed land
$5,280,300
Assessed improvement
$6,504,500
Land market value
$5,280,300
Improvement market value
$6,504,500
Total market value
$11,784,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
TYPE NOT SPECIFIED
Stories
1
Total area
81,000 SF
Lot
7.58 ac (330,019 SF)
APN
13C-D2
UPID
US87-0568690
Jurisdiction
STAFFORD
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.6M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Construction
TYPE NOT SPECIFIED
Stories
1
Lot
7.58 ac
Current owner
From public records · entity-resolved
MERRITTQB1 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2066 LORD BALTIMORE DR, WINDSOR MILL, MD 21244-2501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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