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

    Fredericksburg, VA 22407

    • Commercial land
    • 17.27 lot acres
    OFF-MARKET
    Last Sale
    Dec 22, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0566620
    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

    • Commercial land

    Property Details

    Lot size
    17.27 lot acres
    Property type
    Commercial land
    APN
    35-15-5X
    APU
    35155X

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5043
    Latitude
    38.2431
    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
    $53,990
    $6,996,200
    $0.00
    $6,996,200
    -
    $6,996,200
    $0.00
    $6,996,200

    Comparable in this City

    • Value Estimation by Request
      2.92 Acres

      10110 Southpoint Pkwy

      VACANT COMMERCIAL LAND • 2.92 Acres
      10110 Southpoint Pkwy, Fredericksburg, VA 22407-2708
      View Details
    • Value Estimation by Request
      3.95 Acres

      4700 Spotsylvania Pkwy

      VACANT COMMERCIAL LAND • 3.95 Acres
      4700 Spotsylvania Pkwy, Fredericksburg, VA 22407-9432
      View Details
    • Value Estimation by Request
      0.26 Acres

      6422 Wrights Ln

      VACANT COMMERCIAL LAND • 0.26 Acres
      6422 Wrights Ln, Fredericksburg, VA 22407-7000
      View Details
    • Value Estimation by Request
      1.74 Acres

      5004 Massaponax Church Rd

      VACANT COMMERCIAL LAND • 1.74 Acres
      5004 Massaponax Church Rd, Fredericksburg, VA 22407-8754
      View Details
    • Value Estimation by Request
      0.56 Acres

      5126 Massaponax Church Rd

      VACANT COMMERCIAL LAND • 0.56 Acres
      5126 Massaponax Church Rd, Fredericksburg, VA 22407-8755
      View Details
    • Value Estimation by Request
      1.52 Acres

      5012 Massaponax Church Rd

      VACANT COMMERCIAL LAND • 1.52 Acres
      5012 Massaponax Church Rd, Fredericksburg, VA 22407-8754
      View Details

    Similar Nearby for Sale

    • $550,000
      Pending

      One Acre Lot on Patriot Highway

      One-acre lot with frontage on Patriot Highway, rezoning potential.
      8230 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • $1,582,625

      10 Acres Prime Retail Parcels

      10 acres of prime retail and industrial land available.
      5000 Gateway Blvd, Fredericksburg, VA 22407
      View Details
    • $671,400

      Prime Retail and Industrial Parcels

      7 lots totaling 10+ acres with frontage on Route 1.
      5050 Gateway Blvd, Fredericksburg, VA 22407
      View Details
    • $394,500
      1 SF

      Commercial Land on Patriot Highway

      1.03 acre commercial land for sale on Patriot Highway.
      9228 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • $140,000

      Commercial Land Near Retail Hub

      Land for sale near Walmart, Lowe’s, and Southpoint Parkway.
      10110 Southpoint Pkwy, Fredericksburg, VA 22407
      View Details
    • $950,000

      1.3 Acre Commercial Parcel

      Commercial land for sale at signalized corner near mega-center.
      1810 Bragg Rd, Fredericksburg, VA 22407
      View Details

    Similar Nearby for Lease

    • $10,000 /Mo

      Commercial Property with Road Frontage

      Commercial property featuring a building, parking, and road frontage.
      4916 Massaponax Church Rd, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Commercial Land at Signalized Intersection

      2.33 acres of commercial land for lease or sale.
      5900 Harrison Rd, Fredericksburg, VA 22407
      View Details
    • $6,862,908

      Route 1 Development Opportunity

      Commercial land for rent with frontage on Route 1.
      Jefferson Davis Hwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Commercial Land on Salem Church

      Land with frontage on a major commuter road.
      2301 Salem Church Rd, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Shovel-Ready Pad Site For Rent

      2.26 acre pad site with signalized entrance.
      10026 Southpoint Pkwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Prime Fredericksburg City Land

      3.94 Acres, Vacant, Multiple Tenancy
      10704 Courthouse Rd, Fredericksburg, VA 22407
      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.
    Fredericksburg, VA 22407
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.