Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    7001 Harrison Rd, Unit 3 Fredericksburg, VA 22407

    Sponsored
    For Sale
    $575,000

    Commercial Sale - FREDERICKSBURG, VA

    Type:Retail
    Days on Market:
    1
    Last Refresh:
    Jan 26 at 6:06 pm

    Property Features for 7001 Harrison Rd

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    60

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    2007
    Number of units
    6
    Building materials
    Masonry, Dryvit

    We can help!

    Listing Contact
    Janet M Bahmer
    Janet M Bahmer

    Janet M Bahmer (540) 785-6295

    Listing agent Janet M Bahmer (540) 785-6295 License #0225110975

    Listing date Jan 26, 2026

    MLS# VASP2015358

    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.

    Learn more

    Property Insight Report

    Overview

    Retail Condo in High-Traffic Area

    A 1400 sq ft condo is available for purchase in Harrison Crossing South. Situated in a multi-tenant building on a corner lot, the property features frontage on Harrison Road and Old Plank Road. The location benefits from high traffic counts due to its proximity to major retailers, including Giant Foods, Lidl, Home Depot, Walgreens, McDonalds, PetCo, Taco Bell, and Harry's Ale House, all within walking distance. The surrounding area includes Riverbend High School, Chancellor HS, and Harrison Rd Elementary, contributing to increased activity and exposure. Traffic volume is estimated at 39,000 vehicles per day on Route 3, 15,000 vehicles per day on Harrison Road, and 11,000 vehicles per day on Old Plank Road (2022 VDOT estimates). The site is located within a 5-mile radius of 85,600 residents with an average household income of $84,700. The C-3 zoning allows for various retail, office, or medical uses. The building's co-tenants include Creative Child Care (capacity for 225 children), Creative Music Academy, and State Farm Insurance. The total building size is 14,000 sq ft. This property is suitable for either an owner-occupier or an investor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Creative Child Care ... Day Care Center Creative Art Studio Art Gallery Creative Music Academy Music School MyArtScene.com Artist kandra orr Art Gallery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.56513417
    Latitude
    38.28795566

    Nearby Similar for Sale

    • $850,000
      0.28 Acres

      Spacious Vacant Office Building

      Versatile office building with multiple suites and convenient amenities.
      403 Chatham Square Office Park, Fredericksburg, VA 22405
      View Details
    • $1,500,000
      0.70 Acres

      Fredericksburg Office Building Investment

      8,652 SF office building in a prime commercial corridor.
      3920 Plank Rd, Fredericksburg, VA 22407
      View Details
    • $1,375,000
      0.34 Acres

      Fredericksburg Used Car Dealership

      Established used car dealership for sale in Fredericksburg, Virginia.
      103 Pegram Ln, Fredericksburg, VA 22408
      View Details
    • $475,000
      0.45 Acres

      Central Park Commercial Development Opportunity

      0.45 acre lot approved for a three-story building.
      1154 Carl D Silver Pkwy, Fredericksburg, VA 22401
      View Details
    • $399,000
      0.18 Acres

      Commercial Property on Princess Anne

      Freestanding commercial property in shell condition on a bustling corridor.
      1504 Princess Anne St, Fredericksburg, VA 22401
      View Details
    • $375,000

      Fredericksburg Condo with Modern Amenities

      Updated condo near downtown Fredericksburg with community amenities.
      621 Cobblestone Blvd Blvd, Fredericksburg, VA 22401
      View Details
    • Contact for pricing
      20 SF

      NNN Leased Retail/Office Building

      20,000 SF multi-tenant retail/office building, 95% leased, high visibility.
      4300 Plank Rd, Fredericksburg, VA 22407
      View Details
    • $380,000

      Charming Townhome with Open Layout

      Spacious townhome with bright, airy spaces in a prime location.
      11004 Jaguar Ct, Fredericksburg, VA 22407
      View Details
    • $310,000

      Charming Townhouse in Coventry Creek

      Two-story townhouse in a sought-after subdivision with convenient location.
      9904 W Midland Way, Fredericksburg, VA 22408
      View Details
    • $470,000
      2,208 SF

      Del Webb Villa in Fredericksburg

      Well-maintained villa in a vibrant 55+ active adult community.
      199 Long Point Dr, Fredericksburg, VA 22406
      View Details
    • $379,000
      2,296 SF

      Spacious Townhome in Prime Location

      Move-in ready townhome with 3 bedrooms, 2.5 baths, and finished levels.
      101 Meredith Ln, Fredericksburg, VA 22405
      View Details
    • $379,900
      2,296 SF

      Spacious Townhome in Prime Location

      Well-maintained townhome with over 2,200 SF of living space.
      101 Meredith Ln, Fredericksburg, VA 22405
      View Details

    FAQs

    What type of property is this?
    Retail property - 1400 sq ft condo in a high-traffic retail area.
    Where is this retail property located?
    The property is located at 7001 Harrison Rd, Unit 3 Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - High-traffic location with **excellent visibility on a corner lot** with frontage on Harrison Road and Old Plank Road.; - C-3 zoning allows for a wide range of retail, office, or medical uses.; - Located in a high-profile area with major retailers (Giant Foods, Lidl, Home Depot, Walgreens, McDonalds, PetCo, Taco Bell) within walking distance.
    (540) 785-6295
    Request Owner's contact information
    7001 Harrison Rd, Unit 3 Fredericksburg, VA 22407
    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.
    7001 Harrison Rd, Unit 3
    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
    7001 Harrison Rd, Unit 3 Fredericksburg, VA 22407
    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

    We can help!
    Listing Contact
    Janet M Bahmer
    Janet M Bahmer
    Real Estate License ID: 0225110975
    (540) 785-6295
    Learn more
    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.