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Property profile & analytics
OFF-MARKET
Commercial real estate
700 William St Fredericksburg, VA 22401
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1137529
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.66 ac (28,793 SF)
Zoning code
CD
APN
7779-94-9444
UPID
US87-1137529
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Free Lance-star Holdings LLC · 12 yrs held
Free Lance-star Holdings LLC
since 2014
3 recorded transactions
Zoning & alternative use
CD · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
under an ABC retail on-premises license is permitted only as a special use. 72-32.2 Commercial-Downtown District. [Amended 3-25-2014 by Ord. No. 14-14 ; 3-25-2014 by Ord. No. 14-15 ] A. Purpose. The Commercial-Downtown (C-D) District is established to promote harmonious development, redevelopment, and rehabilitation of uses in the commercial areas of the Old…
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
179.77 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,711
Tax year 2024
Assessed value
$1,652,900
Assessed 2024
Previous assessed
$1,652,900
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,583,900
Assessed improvement
$69,000
Land market value
$1,583,900
Improvement market value
$69,000
Total market value
$1,652,900
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
Heating
NONE
Lot
0.66 ac (28,793 SF)
Zoning code
CD
APN
7779-94-9444
UPID
US87-1137529
Jurisdiction
FREDERICKSBURG CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CD · Fredericksburg, VAZoning CD · permitted uses
CD · Fredericksburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
under an ABC retail on-premises license is permitted only as a special use. 72-32.2 Commercial-Downtown District. [Amended 3-25-2014 by Ord. No. 14-14 ; 3-25-2014 by Ord. No. 14-15 ] A. Purpose. The Commercial-Downtown (C-D) District is established to promote harmonious development, redevelopment, and rehabilitation of uses in the commercial areas of the Old and Historic Fredericksburg (HFD) Overlay District. The regulations of this distri
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
179.77 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.66 ac
Current owner
From public records · entity-resolved
Free Lance-star Holdings LLC
Entity
Free & Clear · 12 yrs held
Mailing address
10333 SOUTHPOINT LNDG BLVD, FREDERICKSBURG, VA 22407-8042
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2025
—
William Square LLC
—
Deed
related
$2,040,000 · First Bank
Jun 25, 2025
—
William Square LLC
—
Deed
related
$2,040,000 · First Bank
Jun 25, 2014
$8,855,500
Free Lance-star Holdings LLC
Free Lance-star Publishing Co/
Grant Deed
related
—
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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