Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1811-1859 Carl D Silver Pkwy Fredericksburg, VA 22401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a 2.5 million SF power center.

    Property size:
    4,500 SF
    Lot size:
    5.19 Acres

    Property Features for 1811-1859 Carl D Silver Pkwy

    General Information

    Size
    4,500 SF
    Lot size
    5.19 Acres

    We can help!

    Listing Contact
    Connie Jordan Nielsen
    Source: Moodyscre

    Listing Agency: Cushman & Wakefield | Thalhimer - Corporate Listing Agent: Connie Jordan Nielsen

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

    Learn more

    Overview

    Retail Space in Central Park

    This retail space is part of a 2.5 million square foot super-regional mixed-use power center known as Central Park. The location provides easy access east, with direct access across I-95 to the city of Fredericksburg, the University of Mary Washington with 5,200 students, and Mary Washington Hospital with 537 beds via Fall Hill Avenue and Cowan Boulevard. It also offers access to Route 3 and points west via Bragg Road and Central Park Boulevard. Immediate anchor co-tenants include Wegmans, Pottery Barn Outlet, Ulta, DSW, and Walmart. Situated at the I-95 and Plank Road (Route 3) interchange, the property is easily accessible from Richmond and Washington, DC. The location benefits from strong daytime population and unrivaled retail co-tenancy. The available space measures 4,500 square feet and has excellent project identification from I-95.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

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

    Similar Places Nearby

    Central Park, Stylin Studios

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5091551
    Latitude
    38.3079557

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Retail End Cap Unit Available

      Retail space available in well-maintained multi-tenant strip center.
      1036 Warrenton Rd, Fredericksburg, VA 22406
      View Details
    • $6,000 /Mo
      72,745 SF

      New Retail Space Available

      New construction retail space in high-traffic Fredericksburg corridor.
      4714 Mine Rd, Fredericksburg, VA 22408
      View Details
    • $8,500 /Mo
      14,810 SF

      Established Car Dealership in Fredericksburg

      Freestanding used car dealership in prime Fredericksburg location for lease.
      103 Pegram Ln, Fredericksburg, VA 22408
      View Details
    • Sponsored
      Contact for pricing

      Riverside Pkwy

      Discover many ways to work your way in Riverside Pkwy
      150 Riverside Pkwy 1Rst, Fredericksburg, VA 22406
      View Details
    • Sponsored
      Contact for pricing

      Central Park Corporate Center

      Discover many ways to work your way in Central Park Corporate Center
      1320 Central Park Blvd, Fredericksburg, VA 22401
      View Details
    • $25 SF/Yr
      435,600 SF

      Retail Spaces Available, Fredericksburg

      Retail spaces for lease in shopping center with anchor tenants.
      503 Emancipation Hwy, Fredericksburg, VA 22401
      View Details
    • $6,000 /Mo

      New Retail Space in Fredericksburg

      New retail space in high-traffic Fredericksburg corridor near I-95.
      4714 Mine Rd, Fredericksburg, VA 22408
      View Details
    • $22 SF/Yr

      Move-in Ready First-Floor Medical Office

      First-floor medical office with handicap access in prime location.
      412 Cambridge St, Fredericksburg, VA 22405
      View Details
    • $21 SF/Yr

      Versatile Commercial Unit in Fredericksburg

      1128 SF commercial unit suitable for various business ventures.
      4551 Empire Ct, Fredericksburg, VA 22408
      View Details
    • $21 SF/Yr

      Fredericksburg Commercial Unit For Rent

      1,022 SF commercial unit in a high-traffic Fredericksburg location.
      4553 Empire Ct, Fredericksburg, VA 22408
      View Details
    • $6,000 /Mo

      Freestanding Building on Route 17

      3,770 SF building suitable for automotive or retail use.
      1603 Dixon St, Fredericksburg, VA 22401
      View Details
    • $750 /Mo

      Executive Office Suites For Rent

      Class B office suites suitable for small businesses, counseling services.
      4414 Lafayette Blvd, Fredericksburg, VA 22408
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a 2.5 million SF power center.
    Where is this shopping center located?
    The property is located at 1811-1859 Carl D Silver Pkwy Fredericksburg, VA.
    What are key features of this property?
    This property features: - Immediate anchor co-tenancy to include Wegmans, Pottery Barn Outlet, Ulta, DSW and Walmart; - Located at I-95/Plank Road (Route 3) interchange; - Excellent project identification from I-95
    (804) 363-6000 Call to check price and availability
    Request Owner's contact information
    1811-1859 Carl D Silver Pkwy Fredericksburg, VA 22401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1811-1859 Carl D Silver Pkwy
    Fredericksburg, VA 22401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1811-1859 Carl D Silver Pkwy Fredericksburg, VA 22401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Connie Jordan Nielsen
    (804) 363-6000 (804) 648-5881 (804) 697-3569
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!