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 Market757
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: Aug 13
Last Checked: Sep 11 at 7:52AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,906
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Market
Vacancy Rate% for Office in Fredericksburg, VA
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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.
