Highly Visible Retail
4300 Plank Rd Fredericksburg, VA 22407
4300 Plank Rd, Fredericksburg, VA, 22407
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For Sale
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20,000 sq. ft. retail building is 100% leased and highly visible along Route 3.
Property Size20,000 SF
Price / SF$370
Days on Market729
Property Features for 4300 Plank Rd
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- RETAIL
Listing agency
Coldwell Banker Commercial Elite
(540) 429-3414
Listed by
Brian Cunningham · License #0225185942
Source
Moodyscre
Added: Jul 23, 2024 Updated: Jul 21 at 12:29PM Checked: Jul 21 at 12:29PM
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 Coldwell Banker Commercial Elite
Investment Insights
Based on property information with market context.
This 20,000 sq. ft. retail building is offered for sale with 100% occupancy. The property has a strong leasing history, and the current solid lease structure includes 3% annual increases.
The building is highly visible on Route 3, with over 70,000 VPD. The surrounding area is densely populated, with more than 50,000 residents within 3 miles and 110,000 residents within 5 miles.
The asset presents an income-producing opportunity in a well-trafficked corridor with demonstrated occupancy over time.
The building is highly visible on Route 3, with over 70,000 VPD. The surrounding area is densely populated, with more than 50,000 residents within 3 miles and 110,000 residents within 5 miles.
The asset presents an income-producing opportunity in a well-trafficked corridor with demonstrated occupancy over time.
Key Highlights
- 20,000 sq. ft. retail building for sale
- 100% leased with a strong occupancy history
- Leases include 3% annual increases
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $417.6k | $20.88 |
| − Vacancy | −$10.9k | −$0.54 |
| EGI | $406.7k | $20.34 |
| − OpEx | −$122.0k | −$6.10 |
| NOI | $284.7k | $14.24 |
20,000 SF · lease $20.88/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.07M
$3.56M – $4.75M
NOI $284,720 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.27M
$5.49M – $7.31M
NOI $438,843 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hair Mosaics Salon ...
Hair Salon
US Air Force ...
Military Recruiting Office
US Marine Corps ...
Military Recruiting Office
Radiant Wellness Massage
Alternative Medicine Practice
Comments on
Physician
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FAQs
What type of property is this?
Retail space - 20,000 sq. ft. retail building is 100% leased and highly visible along Route 3.
Where is this retail space located?
The property is located at 4300 Plank Rd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: 20,000 sq. ft. retail building for sale; 100% leased with a strong occupancy history; Leases include 3% annual increases
