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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Commercial real estate
701 Kenmore Ave Fredericksburg, VA 22401-5737
Entity Owned
~
Est. High Equity
Property ID
US87-1102296
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1929
Total area
25,760 SF
Lot
1.41 ac (61,550 SF)
Zoning code
CM
APN
7789-03-5575
UPID
US87-1102296
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
-
Home & Heart Health, Inc. Home Health Care Service
-
Charlotte Williams, LPC Marriage Or Relationship Counselor Family Counselor
-
B-FOR International Exhibit
-
Eydie Guerrero Foster Care Service Social Service Agency
-
ResVid Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$3.48M
Owner & transaction history
Ahafl LLC
Ahafl LLC
since 2025
Last sale
$3.8M
4 recorded transactions
Zoning & alternative use
CM · Fredericksburg, VA
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±10% · vs last sale $3.75M (Dec 8 2025)
Last sale anchor
$3.75M
Dec 8 2025
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
$135 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$25,230
Tax year 2024
Assessed value
$2,834,800
Assessed 2024
Previous assessed
$2,834,800
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$738,600
Assessed improvement
$2,096,200
Land market value
$738,600
Improvement market value
$2,096,200
Total market value
$2,834,800
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
Year built
1929
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Total area
25,760 SF
Lot
1.41 ac (61,550 SF)
Zoning code
CM
APN
7789-03-5575
UPID
US87-1102296
Jurisdiction
FREDERICKSBURG CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CM · Fredericksburg, VA
Zoning CM · permitted uses
CM · Fredericksburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fredericksburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Ahafl LLC
Entity
Mailing address
PO BOX 4991, MARTINSVILLE, VA 24115-4991
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
$3,750,000
Ahafl LLC
The Lester Group INC
Deed
$2,995,000 · Atlantic Union Bank
Apr 22, 2024
—
The Lester Group INC
—
Deed
related
$2,300,000 · First Bank
Mar 25, 2019
—
The Lester Group INC
—
Deed
related
$2,850,000 · Pinnacle Bank
Sep 19, 2008
—
Lester Group INC
—
Trustees Deed
related
$500,000 · Branch Banking & Trust Co
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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