Turnkey Downtown Office and
202 HERNDON Street Fredericksburg, VA 22401
202 HERNDON Street, Fredericksburg, VA, 22401
$810,000
For Sale
$810,000
Commercial Sale - FREDERICKSBURG, VA
Property Size2,127 SF
Lot Size0.05 Acres
Price / SF$380.82
Days on Market12
Property Features for 202 HERNDON Street
General Information
- Property type
- Other
- Property subtype
- Office
- Parking features
- On Street
- Standard status
- Active
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2364
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1900
- Building materials
- Stucco
Listing agency
Coldwell Banker Elite
(540) 735-2600
Listed by
Charlotte F Rouse · License #0225193277
(540) 419-9206
Added: Jul 11 Updated: Jul 15 at 4:19PM Checked: Jul 22 at 5:06PM
MLS# VAFB2010716
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Turnkey, professionally renovated commercial property with a flexible two-level layout designed for a range of professional and client-facing uses. The main level includes a welcoming reception area, a spacious flex space, and a kitchenette with existing hookups. Finishes and improvements include cork flooring, custom aluminum railings, and systems updates completed in 2016, including a new roof, drywall, electrical, plumbing, heating and cooling, and lighting. An upstairs open loft adds additional room for private offices, meetings, studio use, or storage, along with a full bathroom featuring a walk-in shower and washer/dryer hookups.
Outdoors, the property offers a professionally installed commercial-grade artificial turf area, premium Ipe wood decking with ramps, and an accessibility ramp leading to a fully fenced, level backyard for use during client or team gatherings.
Situated on a quiet one-way street in Downtown Fredericksburg, the property is one block from the Rappahannock River and near Historic Downtown Fredericksburg. The listing also highlights convenient access to major regional routes including Route 1, Route 3, Blue and Gray Parkway, Lafayette Boulevard, and Interstate 95.
Outdoors, the property offers a professionally installed commercial-grade artificial turf area, premium Ipe wood decking with ramps, and an accessibility ramp leading to a fully fenced, level backyard for use during client or team gatherings.
Situated on a quiet one-way street in Downtown Fredericksburg, the property is one block from the Rappahannock River and near Historic Downtown Fredericksburg. The listing also highlights convenient access to major regional routes including Route 1, Route 3, Blue and Gray Parkway, Lafayette Boulevard, and Interstate 95.
Key Highlights
- 2,127 SF commercially zoned property in Downtown Fredericksburg on a quiet one‑way street
- Renovated in 2016 after being taken down to the studs, including new roof, drywall, electrical, plumbing, HVAC, and lighting
- Main level with open floor plan, reception area, flex space, and kitchenette with existing range hookups
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $27.24 |
| − Vacancy | −$5.4k | −$2.53 |
| EGI | $52.6k | $24.71 |
| − OpEx | −$13.1k | −$6.18 |
| NOI | $39.4k | $18.53 |
2,127 SF · lease $27.24/SF/yr · vacancy 9.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$563.0K
$492.7K – $656.9K
NOI $39,413 @ 7.0% cap · market cap 4.87%
Second Best
Retail
$432.6K
$378.5K – $504.7K
NOI $30,280 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$666.7K
$583.4K – $777.9K
NOI $46,671 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FORT pure play
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Renovated two-level commercial space with open layout, kitchenette, loft, full bath, and fenced backyard.
Where is this office building located?
The property is located at 202 HERNDON Street Fredericksburg, VA.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: 2,127 SF commercially zoned property in Downtown Fredericksburg on a quiet one‑way street; Renovated in 2016 after being taken down to the studs, including new roof, drywall, electrical, plumbing, HVAC, and lighting; Main level with open floor plan, reception area, flex space, and kitchenette with existing range hookups
