Freestanding Retail Building with
10701 Courthouse Road, Fredericksburg, VA 22407
For Sale
New
$2,495,000
A signal-controlled corner position includes prominent signage and an existing drive-through facility.
Property Size10,112 SF
Lot Size1.11 Acres
Price / SF$246.74
Days on Market2
Property Features for 10701 Courthouse Road
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Corner Location
Drive-Thru
Highway Access
Road Access
Additional Details
Property Use
Amenities
drive-thru
signage
Building Details
Building Size
Buildings
Tenancy
Listing Agency:
Coldwell Banker Commercial Elite
Listed By:
Brian Cunningham · License #0225185942
(540) 786-1402
Source:
Cbcworldwide
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 6 at 4:47AM
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 Coldwell Banker Commercial Elite
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Investment Insights
Based on property information with market context.
This freestanding retail property contains 10,112 SF on approximately 1.11 acres. The building previously operated as a pharmacy and retains a drive-through, prominent signage, and 42 parking spaces. Its configuration also suits medical or professional office occupancy, as well as retail use.
The property occupies the signalized junction of Courthouse Road (Route 208) and Stoney Creek Drive, about ¼ mile from Interstate 95. Nearby businesses include Walmart, Lowe's, Wawa, Starbucks, ALDI, and Giant Food. The surrounding area includes residential communities, medical facilities, and professional services, with the Fredericksburg VA Health Care Center also nearby.
The property occupies the signalized junction of Courthouse Road (Route 208) and Stoney Creek Drive, about ¼ mile from Interstate 95. Nearby businesses include Walmart, Lowe's, Wawa, Starbucks, ALDI, and Giant Food. The surrounding area includes residential communities, medical facilities, and professional services, with the Fredericksburg VA Health Care Center also nearby.
Key Highlights
- 10,112 SF freestanding building on approximately 1.11 acres
- 42 parking spaces
- Existing drive‑through facility and prominent signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,427
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,988,540
$4.0M
Cap Rate 7%
$2,848,957
$2.8M
Cap Rate 9%
$2,215,856
$2.2M
Market Conditions
NOI Build-Up for 10,112 SF
Gross rent
$366.5K $36.24/SF
− Vacancy
−$34.1K −$3.37/SF
EGI
$332.4K $32.87/SF
− OpEx
−$133.0K −$13.15/SF
NOI
$199.4K $19.72/SF
Area
Spotsylvania County, VA
Vacancy
9.30%
Lease Rate
$36.24 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,988,540
Cap Rate 7%
$2,848,957
Cap Rate 9%
$2,215,856
Alternative Uses
Best Use
Healthcare Medical
$2.85M
$2.49M – $3.32M
NOI $199,427 @ 7.0% cap · market cap 7.99%
Second Best
Office B
$2.68M
$2.34M – $3.12M
NOI $187,375 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,879 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Fredericksburg
Vacancy Rate% for Office in Fredericksburg, VA
Frequently Asked Questions
What type of property is this?
Retail space - A signal-controlled corner position includes prominent signage and an existing drive-through facility.
Where is this retail space located?
The property is located at 10701 Courthouse Road Fredericksburg, VA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 10,112 SF freestanding building on approximately 1.11 acres; 42 parking spaces; Existing drive‑through facility and prominent signage
