Modern Office
109 Olde Greenwich Dr Fredericksburg, VA 22408
109 Olde Greenwich Dr, Fredericksburg, VA, 22408
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For Sale
Contact for pricing
Built in 2007, this move-in ready office building is zoned C-2 and offers existing tenant income.
Property Size5,465 SF
Price / SF$247.03
Days on Market537
Property Features for 109 Olde Greenwich Dr
General Information
- Standard status
- Active
- Size
- 5,465 SF
- Property subtype
- OFFICE
Properties For Sale
at 109 Olde Greenwich Dr Contact us
Listing agency
Coldwell Banker Commercial Elite
(540) 429-3414
Listed by
Brian Cunningham · License #0225185942
Source
Moodyscre
Added: Jan 31, 2025 Updated: Jul 22 at 6:57AM Checked: Jul 22 at 6:57AM
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 5,465-square-foot modern office building was constructed in 2007 and is described as well-maintained and move-in ready. The property is zoned C-2, providing versatile use options for an owner-occupant or an investor.
The building is located at 109 Olde Greenwich Dr in the Fredericksburg area, just a couple miles from downtown Fredericksburg, with proximity to dining, shopping, and other amenities.
The offering is presented as an opportunity to own the property while receiving rental income from existing tenants, with the ability for a new user to relocate as well.
The building is located at 109 Olde Greenwich Dr in the Fredericksburg area, just a couple miles from downtown Fredericksburg, with proximity to dining, shopping, and other amenities.
The offering is presented as an opportunity to own the property while receiving rental income from existing tenants, with the ability for a new user to relocate as well.
Key Highlights
- 5,465 SF office building built in 2007
- Zoned C‑2 for versatile use, including professional office or medical
- Move‑in ready with existing tenant income
Local Financial Insights For Office B
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 | $148.9k | $27.24 |
| − Vacancy | −$13.8k | −$2.53 |
| EGI | $135.0k | $24.71 |
| − OpEx | −$33.8k | −$6.18 |
| NOI | $101.3k | $18.53 |
5,465 SF · lease $27.24/SF/yr · vacancy 9.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,267 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,914 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Delaney Hearing Center
Physician
Baltimore Net Radio
Radio Station
Courage Health & Wellness
Medical Clinic
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FAQs
What type of property is this?
Office building - Built in 2007, this move-in ready office building is zoned C-2 and offers existing tenant income.
Where is this office building located?
The property is located at 109 Olde Greenwich Dr Fredericksburg, VA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,465 SF office building built in 2007; Zoned C‑2 for versatile use, including professional office or medical; Move‑in ready with existing tenant income
