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    216 Industrial Ct, Unit Fredericksburg Fredericksburg, VA 22408

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    For Sale
    $1,750,000

    Fully leased office/flex building with adjacent industrial parcel for sale.

    Property size:
    6 SF

    Property Features for 216 Industrial Ct

    General Information

    Size
    6 SF

    Source: Donny Self Agent Donny Self

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Office/Flex Building & Land

    A 6,008 square foot office/flex building, fully leased to Rappahannock Electric Cooperative (REC), is available for sale along with an adjacent 0.98-acre industrial parcel. REC, a member-owned utility, serves approximately 179,000 connections across 22 Virginia counties. The building features six offices, a conference room, a 17' x 24.5' bull pen area, a lunch room, and a storage room of approximately 660 square feet. The current lease term extends for two years, expiring on January 31, 2027, and includes annual rent increases of three percent. There are 42 paved parking spaces available. The adjacent parcel is zoned I-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Clothing Store Nail Salon

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

    Similar Places Nearby

    A Taste of Eloquence, Popes Creek Catering

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5034948
    Latitude
    38.2612919

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    FAQs

    What type of property is this?
    Flex space - Fully leased office/flex building with adjacent industrial parcel for sale.
    Where is this flex space located?
    The property is located at 216 Industrial Ct, Unit Fredericksburg Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Fully Leased 6,008 sf Office/Flex Building with a stable, income-generating tenant (Rappahannock Electric Cooperative).; - Lease term extends to January 31, 2027, providing secure, predictable income.; - Adjacent .98 ac Industrial Parcel is zoned I-1, offering expansion or development potential.
    (540) 785-3315
    Request Owner's contact information
    216 Industrial Ct, Unit Fredericksburg Fredericksburg, VA 22408
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    Fredericksburg, VA 22408
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    Realmo Value Estimation

    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.

    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.

    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
    216 Industrial Ct, Unit Fredericksburg Fredericksburg, VA 22408
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