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Property profile & analytics
FOR LEASE
Commercial real estate

4300 Plank Rd 280 Fredericksburg, VA 22407

20,000 SF 2.01 ac lot Built 1990
Entity Owned 24-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0139781
Property summary
AI-generated overview

This exceptional investment opportunity presents a 20,000 square foot retail building situated on a 2.01-acre lot at 4300 Plank Road in Fredericksburg, Virginia. The property enjoys a prime location on one of the busiest retail corridors in the Fredericksburg region, less than two miles west of I-95. Boasting over 70,000 vehicles passing daily, this 100% leased, NNN property offers exceptional visibility and accessibility. The building features abundant parking with 110 spaces, providing a generous 5.5:1 parking ratio. Its strategic location benefits from proximity to key economic drivers, including a 702-space commuter lot, the Chancellor Center (anchored by Planet Fitness, Aldi, and Tractor Supply), and densely populated residential areas with over 50,000 residents within a three-mile radius and 100,000 within five miles. This high-demand location ensures consistent tenant occupancy and strong rental income. The property's size, location, and current occupancy make it an attractive investment for discerning buyers seeking a stable and profitable retail asset in a thriving market. Further details are available in the offering memorandum.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1990
Total area 20,000 SF
Lot 2.01 ac (87,556 SF)
Zoning code C2 - COMMERCIAL 2
APN 23-13-B2
UPID US87-0139781
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hair Mosaics Salon Company Hair Salon Nail Salon
  • US Air Force Recruiting Military Recruiting Office
  • US Marine Corps Recruiting Military Recruiting Office
  • Radiant Wellness Massage Alternative Medicine Practice Spa & Massage Center
  • Comments on Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.26M
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$2.39M
Owner & transaction history
Salem Village LLC · 24 yrs held
Salem Village LLC
since 2001
4 recorded transactions
2012
Price N/A
2010
Price N/A
2001
$2.4M
1969
Price N/A
Zoning & alternative use
C2 - COMMERCIAL 2 · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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