Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    One Acre Lot on Patriot Highway Title is generated by Realmo AI

    8230 PATRIOT HWY, Fredericksburg, VA 22407

    View on Map
    Claim this Listing
    Pending
    $550,000

    Lots/Land/Farm - FREDERICKSBURG, VA

    Type:Farm
    Lot size:
    1.00 Acre
    Added:
    Sep 8, 2022
    Days on Market:
    1340
    Last Refresh:
    May 9 at 5:06 pm

    Property Features for 8230 PATRIOT HWY

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Pending
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    790

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ron Rudison

    Listing agent Ron Rudison

    Listing office Reston 2100 Reston Parkway, VA

    Listing date Sep 8, 2022

    MLS# VASP2012390 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • One‑acre lot with over 210 feet of frontage on Patriot Highway, offering significant visibility and access.
    • Pending approval for a mixed‑use community of residential and retail properties, expected in Spring 2026, suggesting future development potential.
    • Rural (Ru) zoning allows numerous 'By Right Uses' such as antique shops, bed & breakfasts, single‑family detached homes, and repair service establishments.
    • Potential for re‑zoning under the Spotsylvania County Comprehensive Plan, opening opportunities for commercial, employment center, light industrial, and mixed‑use developments, including data centers and hotels.
    • Public water and sewer hookup are available, with Spotsylvania County expanding the Sewer Service Area for surrounding properties.
    • Adjoining 63‑acre and 2‑acre properties are listed separately, potentially allowing for larger‑scale development or expansion.

    Overview

    This one-acre lot, featuring over 210 feet of frontage on Patriot Highway, is awaiting Spotsylvania County General Development Plan approval for a mixed-use community of residential and retail properties, expected in Spring 2026. Zoned Rural (RU), the property permits numerous 'By Right Uses,' including antique shops, bed and breakfasts, single-family detached homes, and repair service establishments. The Spotsylvania County Comprehensive Plan allows for potential rezoning to Commercial, Employment Center, Light Industrial, and/or Mixed-Use General, which includes data centers, industrial/flex spaces, industrial parks, hotels, shopping centers, restaurants, eating establishments with carry-out, vehicle sales, and a mix of commercial/office spaces with a small percentage of higher-density residential. Public water and sewer hookups are available, and Spotsylvania County is expanding the Sewer Service Area for surrounding properties. A single-family home and shed on the property are to be sold 'as is,' with inspections permitted after contract ratification.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5141269
    Latitude
    38.1828575

    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
    • $374,950

      Freestanding Commercial Property in Fredericksburg

      Freestanding commercial property in a dynamic Fredericksburg 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
    • $900,000
      2,550 SF

      Fredericksburg Historic District Development Opportunity

      Three adjacent lots with two historic structures in downtown 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
    • $750,000

      Land in Rapidly Developing Corridor

      6.86 acres in Spotsylvania, near major developments and thoroughfares.
      5923 SMITH STATION Road, FREDERICKSBURG, VA 22407
      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

    FAQs

    What type of property is this?
    Commercial land - One-acre lot with frontage on Patriot Highway, rezoning potential.
    Where is this commercial land located?
    The property is located at 8230 PATRIOT HWY Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: One‑acre lot with **over 210 feet of frontage on Patriot Highway**, offering significant visibility and access.; Pending approval for a mixed‑use community of residential and retail properties, expected in Spring 2026, suggesting future development potential.; Rural (Ru) zoning allows numerous 'By Right Uses' such as antique shops, bed & breakfasts, single‑family detached homes, and repair service establishments.
    (888) 536-0216
    We can help!
    Listing Contact
    Ron Rudison
    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
    8230 PATRIOT HWY, 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!