Stand Alone Office
For Sale
Contact for pricing
621 Warrenton Rd, Fredericksburg, VA
Fredericksburg office building with high visibility and private parking.
Property Size3,125 SF
Lot Size0.52 Acres
Price / SF$286.40
Days on Market802
Property Features for 621 Warrenton Rd
General Information
Standard status
Active
Size
3,125 SF
Lot size
0.52 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Fredericksburg
(540) 373-3434
Listed By:
Lee Cherwek
(404) 504-7900
Source:
Moodyscre
Added: Aug 16, 2024
Changed: Oct 25
Last Checked: Oct 24 at 7:11PM
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 Colliers | Fredericksburg
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.
This stand-alone office building offers 3,125 square feet of space. The property features high visibility on Route 17/Warrenton Road and includes monument signage. A private, off-street parking lot is available. The building's layout comprises a reception area, a large open area suitable for cubicles, two bathrooms, three private offices, a kitchen area, a conference room, and storage space. It provides convenient access to Interstate 95 via Exit 133.
Key Highlights
- High visibility location on Route 17/Warrenton Road with monument signage.
- Great access to Interstate 95 (Exit 133).
- Stand‑alone 3,125 SF office building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,906
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,158,120
$1.2M
Cap Rate 7%
$827,229
$827.2K
Cap Rate 9%
$643,400
$643.4K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$85.1K $27.24/SF
− Vacancy
−$7.9K −$2.53/SF
EGI
$77.2K $24.71/SF
− OpEx
−$19.3K −$6.18/SF
NOI
$57.9K $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%
$1,158,120
Cap Rate 7%
$827,229
Cap Rate 9%
$643,400
Alternative Uses
Best Use
Office B
$827.2K
$723.8K – $965.1K
NOI $57,906 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$979.6K
$857.1K – $1.14M
NOI $68,569 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fredericksburg, VA
Frequently Asked Questions
What type of property is this?
Office building - Fredericksburg office building with high visibility and private parking.
Where is this office building located?
The property is located at 621 Warrenton Rd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High visibility location on Route 17/Warrenton Road with monument signage.; Great access to Interstate 95 (Exit 133).; Stand‑alone 3,125 SF office building.
