Central Park One Office
For Sale
Contact for pricing
1171 Central Park Blvd, Fredericksburg, VA 22401
Office improvements provide a dedicated setting for commercial occupancy.
Property Size13,102 SF
Price / SF$236.61
Days on Market229
Property Features for 1171 Central Park Blvd
General Information
Standard status
Active
Size
13,102 SF
Class
A
Property subtype
Office
Lease Type
NNN
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Thalhimer - Fredericksburg, Virginia
Listed By:
Jamie Scully · License #VA 0225082322
(540) 327-2134
Source:
Crexi
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 24 at 5:24PM
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 Cushman & Wakefield Thalhimer - Fredericksburg, Virginia
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Central Park One is an office building containing 13,102 square feet of commercial space. The property is located at 1171 Central Park Blvd in Fredericksburg, Virginia 22401.
Key Highlights
- 13,102‑square‑foot office building
- Located at 1171 Central Park Blvd, Fredericksburg, VA 22401
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,780
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,855,600
$4.9M
Cap Rate 7%
$3,468,286
$3.5M
Cap Rate 9%
$2,697,556
$2.7M
Market Conditions
NOI Build-Up for 13,102 SF
Gross rent
$356.9K $27.24/SF
− Vacancy
−$33.2K −$2.53/SF
EGI
$323.7K $24.71/SF
− OpEx
−$80.9K −$6.18/SF
NOI
$242.8K $18.53/SF
Area
Spotsylvania County, VA
Vacancy
9.30%
Lease Rate
$27.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,855,600
Cap Rate 7%
$3,468,286
Cap Rate 9%
$2,697,556
Alternative Uses
Best Use
Office B
$3.47M
$3.03M – $4.05M
NOI $242,780 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.11M
$3.59M – $4.79M
NOI $287,486 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,672
Businesses Nearby
Explore this area
Business Placement
Demographics for 22401, VA
27,799
Population
12,270
Households
2.3
Avg Household Size
32
Median Age
47%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
2,673
Density / Sq Mi
$85,432
Median Household Income
$46,891
Median Earnings
$1,518
Median Rent
$461,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Fredericksburg, VA
Frequently Asked Questions
What type of property is this?
Office building - Office improvements provide a dedicated setting for commercial occupancy.
Where is this office building located?
The property is located at 1171 Central Park Blvd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 13,102‑square‑foot office building; Located at 1171 Central Park Blvd, Fredericksburg, VA 22401
