Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5923 SMITH STATION Road Fredericksburg, VA 22407

    View on Map
    Claim this Listing
    Picture of Commercial land at 5923 SMITH STATION Road, Fredericksburg, VA
    For Sale
    $750,000

    LAND - FREDERICKSBURG, VA

    Lot size:
    6.86 Acres
    Added:
    Oct 31, 2025
    Days on Market:
    184
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 5923 SMITH STATION Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    6.86 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1063

    We can help!

    Listing Contact
    Dana M. Campbell

    Listing agent Dana M. Campbell License #0225253844

    Listing office Samson Properties 95 Dunn Drive unit: 200, Chantilly, VA

    Listing date Oct 31, 2025

    MLS# VASP2037146 Listing URL

    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.

    Overview

    Land in Rapidly Developing Corridor

    This 6.86-acre property consists of three individual parcels located at 5923, 5925, and 5927 Smith Station Rd in Spotsylvania, VA. Approximately 5 acres are cleared, presenting development or investment potential. The property is adjacent to the Lee's Parke Community, which includes over 1,400 homes. It features direct access to Smith Station Rd and potential access to water and sewer nearby. The location is within proximity to approved Spotsylvania County development projects, including the Kalahari Water Park Resort & Conference Center in Thornburg. It is also located within minutes of shopping, dining, and entertainment, with access to Route 1, Interstate 95, Courthouse Rd, and Spotsylvania Parkway. The area reflects ongoing residential and commercial expansion. The current zoning is RU, and a zoning reconsideration would be required for higher-density development projects.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Department Store Food Market HVAC Service Grocery & Convenience Store Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.53958
    Latitude
    38.20783

    Nearby Similar for Sale

    • $789,924

      Fredericksburg Office Condominium For Sale

      Office condominium ideal for owner-user or investor in Fredericksburg.
      927 MAPLE GROVE Drive, FREDERICKSBURG, VA 22407
      View Details
    • $1,100,000

      Historic Commercial Building on 1.4 Acres

      Unique commercial property with historical significance and high visibility.
      77 CAMBRIDGE Street, FREDERICKSBURG, VA 22405
      View Details
    • $399,000

      Commercial Property on Princess Anne

      Freestanding commercial property in shell condition on a bustling corridor.
      1504 PRINCESS ANNE Street, FREDERICKSBURG, VA 22401
      View Details
    • $1,500,000

      Fredericksburg Office Building Investment

      8,652 SF office building in a prime commercial corridor.
      3920 PLANK Road, FREDERICKSBURG, VA 22407
      View Details
    • $789,924
      3,196 SF

      Fredericksburg Office Condo For Sale

      3196 SF office condo ideal for owner-user or investor.
      927 MAPLE GROVE Dr 201, Fredericksburg, VA 22407
      View Details
    • $550,000
      2,580 SF

      Luxury Home in Active Community

      Nearly-new home in premier 55+ community with upscale features.
      7102 ECKERT Court, FREDERICKSBURG, VA 22407
      View Details
    • $85,000

      Land in Fredericksburg, Virginia

      0.59 acre lot near shopping and I-95.
      9546 RAPIDAN Drive, FREDERICKSBURG, VA 22407
      View Details
    • $500,000

      Fredericksburg Homesite: Space and Flexibility

      Rare .44-acre homesite near downtown Fredericksburg with custom build options.
      1715 WILLIAM Street, FREDERICKSBURG, VA 22401
      View Details
    • $750,000
      2,550 SF

      Fredericksburg Historic District Development Opportunity

      Three adjacent lots with two historic structures in Fredericksburg.
      309 PRINCE EDWARD Street, FREDERICKSBURG, VA 22401
      View Details
    • $399,000
      468 SF

      Fredericksburg Commercial Property on Princess Anne

      468 SF commercial property in shell condition on Princess Anne.
      1504 PRINCESS ANNE St, Fredericksburg, VA 22401
      View Details
    • $1,100,000

      Prime Commercial Land on Plank Road

      1.12-acre C-2 zoned land in a high-traffic Fredericksburg corridor.
      3910 PLANK Road, FREDERICKSBURG, VA 22407
      View Details
    • $150,000

      Fredericksburg Land with Pond

      Almost 2-acre lot with pond, close to amenities.
      406 TRUSLOW Road, FREDERICKSBURG, VA 22405
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.86 acres in Spotsylvania, near major developments and thoroughfares.
    Where is this commercial land located?
    The property is located at 5923 SMITH STATION Road Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 6.86 acres across three parcels, with approximately 5 acres already cleared; Located in a rapidly developing corridor near Kalahari Water Park Resort and other Spotsylvania County development projects; Direct access to Smith Station Rd and proximity to Route 1, Interstate 95, Courthouse Rd, and Spotsylvania Parkway
    (540) 220-0126
    We can help!
    Listing Contact
    Dana M. Campbell
    Real Estate License ID: 0225253844
    Learn More
    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.
    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

    Thank You for Inquiry

    5923 SMITH STATION Road, FREDERICKSBURG, VA 22407

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!