Fredericksburg Retail Space For
For Sale
Contact for pricing
10701 Courthouse Rd, Fredericksburg, VA 22407
Retail space available in Fredericksburg, Virginia.
Property Size10,112 SF
Price / SF$249.70
Days on Market215
Property Features for 10701 Courthouse Rd
General Information
Standard status
Active
Size
10,112 SF
Total Parking Spaces
42
Property subtype
Retail
Zoning
Residential (R-2) within a Planned Unit Development (PUD) permitting C-2 uses
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$227,287
Building Details
Year Built
1998
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Nick Santagata · License #10401382020
(929) 594-2946
Source:
Crexi
Added: Mar 5
Changed: Oct 3
Last Checked: Oct 5 at 4:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Global Company
Investment Insights
Based on property information with market context.
This retail space, comprising 10,112 square feet, is available for sale. The property is located in Fredericksburg, Virginia. The property is being offered with a 7.97% capitalization rate.
Key Highlights
- 7.97% CAP Rate makes this an attractive investment opportunity.
- Retail Property with excellent potential.
- 10,112 SqFt provides ample space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,954
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,879,080
$2.9M
Cap Rate 7%
$2,056,486
$2.1M
Cap Rate 9%
$1,599,489
$1.6M
Market Conditions
NOI Build-Up for 10,112 SF
Gross rent
$211.1K $20.88/SF
− Vacancy
−$5.5K −$0.54/SF
EGI
$205.6K $20.34/SF
− OpEx
−$61.7K −$6.10/SF
NOI
$144.0K $14.24/SF
Area
Spotsylvania County, VA
Vacancy
2.60%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,879,080
Cap Rate 7%
$2,056,486
Cap Rate 9%
$1,599,489
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.40M
NOI $143,954 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,879 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
93k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 28%
Superstores 19%
Wawa
Shops & Services
36,032 visits/mo
0.1 miles
Big Lots
Superstores
17,522 visits/mo
0.3 miles
Starbucks
Dining
13,537 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
9,364 visits/mo
0.0 miles
Family Dollar
Shops & Services
8,480 visits/mo
0.3 miles
Demographics for 22407, VA
62,668
Population
23,305
Households
2.7
Avg Household Size
38
Median Age
33%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
1,027
Density / Sq Mi
$105,218
Median Household Income
$47,282
Median Earnings
$1,758
Median Rent
$376,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available in Fredericksburg, Virginia.
Where is this retail space located?
The property is located at 10701 Courthouse Rd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $2,525,000.
What are key features of this property?
This property features: 7.97% CAP Rate makes this an attractive investment opportunity.; Retail Property with excellent potential.; 10,112 SqFt provides ample space.
