Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6550 Redwood Ln Prince George, VA 23875-2356

    • Retail space
    • 6,000 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1762298
    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.

    Current Use by Public Records

    • White Automotive, Inc. / Transmission Shop
    • Wesson Technology Solutions / Computer Support And Services / Computer Repair Service
    • National Association-Military Retiree / Veterans Organization

    Property Details for 6550 Redwood Ln

    Year built
    1991
    Lot size
    0.95 lot acres
    Property size
    6,000 SF
    Zone code
    11
    Property type
    Retail space
    APN
    23E(01)00-00A-1
    APU
    23E010000A1

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $520,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Prince George
    County
    Prince George
    State
    Virginia
    Longitude
    -77.2926
    Latitude
    37.2233
    CBSA code
    40060
    CBSA name
    RICHMOND, VA 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
    2024
    $3,186
    $114,800
    $262,700
    $377,500
    -
    $114,800
    $262,700
    $377,500

    Comparable in this City

    • Value Estimation
      $1,765,000
      18,852 SF

      8175 Wagner Way

      RETAIL STORES (PERSONAL SERVICES) • 18,852 SF
      8175 Wagner Way, Prince George, VA 23875-2926
      View Details
    • Value Estimation
      $12,220,000
      139,517 SF

      2085 Waterside Rd

      RETAIL STORES (PERSONAL SERVICES) • 139,517 SF
      2085 Waterside Rd, Prince George, VA 23875-1265
      View Details
    • Value Estimation
      $1,070,000
      11,037 SF

      4575 Whitehill Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,037 SF
      4575 Whitehill Blvd, Prince George, VA 23875-1272
      View Details
    • Value Estimation by Request
      1.15 Acres

      4821 Prince George Dr

      RETAIL STORES (PERSONAL SERVICES) • 1.15 Acres
      4821 Prince George Dr, Prince George, VA 23875-2762
      View Details
    • Value Estimation
      $2,960,000
      31,620 SF

      4850 Puddledock Rd

      RETAIL STORES (PERSONAL SERVICES) • 31,620 SF
      4850 Puddledock Rd, Prince George, VA 23875-1239
      View Details
    • Value Estimation
      $1,195,000
      12,400 SF

      1901 Advantage Dr

      RETAIL STORES (PERSONAL SERVICES) • 12,400 SF
      1901 Advantage Dr, Prince George, VA 23875-1260
      View Details

    Similar Nearby for Sale

    • $1,225,000

      Land For Sale

      Land available for sale in Prince George, Virginia.
      2928 Lakeside Dr, Prince George, VA 23875
      View Details
    • $3,900,000

      Single-Tenant Healthcare Investment Opportunity

      Single-tenant building leased to Virginia Cancer Institute with NNN lease.
      4730 Puddledock Rd, Prince George, VA 23875
      View Details
    • Contact for pricing

      Acre Pad Site in Lowe's

      One acre pad site available in Lowe’s parking lot.
      2085 Waterside Rd, Prince George, VA 23875
      View Details
    • $6,250,000
      15,600 SF

      Medical Building in Prince George

      Medical building with long-term tenant in Prince George County.
      1775 Lk Harley Dr, Prince George, VA 23875
      View Details
    • $3,800,000

      Commercial Land Parcel For Sale

      17-acre commercial land parcel ideal for various developments.
      Whitehill Blvd, Prince George, VA 23875
      View Details
    • $59,000
      Pending

      Prince George Vacant Land

      Vacant land perfect for building a custom home.
      Barkwood Dr, Prince George, VA 23875
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo
      930 SF

      Retail Space Near Courthouse Complex

      Retail space for lease near Fort Gregg-Adams and Courthouse.
      6805 Commons Dr, Prince George, VA 23875
      View Details
    • $2,250 /Mo
      1,450 SF

      Office Space Near Fort Gregg-Adams

      Commercial office space with convenient access to major routes.
      4701 Owens Way, Prince George, VA 23875
      View Details
    • Contact for pricing
      130,683 SF

      Modern Prince George Industrial Space

      130K SF Manufacturing/Warehouse, VA
      6013 Hardware Dr, Prince George, VA 23875
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Centrally located land in emerging mixed-use development hub.
      5211 Bickings Ln, Prince George, VA 23875
      View Details
    • Contact for pricing
      250,000 SF

      Modern Logistics and Manufacturing Space

      250,000 SF logistics/manufacturing space with immediate highway access.
      8800 Wells Station Rd, Prince George, VA 23875
      View Details
    • Contact for pricing
      3,843 SF

      Medical Office Space For Rent

      Medical office space available in Waterside Commons Medical Office Park.
      2035 Waterside Rd, Prince George, VA 23875
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6550 Redwood Ln
    Prince George, VA 23875-2356
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.