Conditioned Flex
For Sale
Contact for pricing
110 Juliad Ct, Fredericksburg, VA 22406
Fully conditioned commercial space with three-phase power, high ceilings, and planned roll-up door access.
Property Size30,000 SF
Price / SF$173.33
Days on Market527
Property Features for 110 Juliad Ct
General Information
Standard status
Active
Size
30,000 SF
Property subtype
OFFICE
Additional Details
Three-Phase Power
Yes
Amenities
3-phase power
façade signage opportunities
Listing Agency:
Cushman & Wakefield | Thalhimer - Fredericksburg
(540) 373-0600
Listed By:
Jamie Scully · License #0225082322
(540) 327-2134
Source:
Moodyscre
Added: Apr 11, 2025
Changed: Sep 12
Last Checked: Sep 19 at 12:33PM
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 Cushman & Wakefield | Thalhimer - Fredericksburg
Investment Insights
Based on property information with market context.
This 30,000-square-foot flex space is fully conditioned and configured with 3-phase power and 18′ ceilings. The property is scheduled to receive 12′ x 14′ roll-up doors, adding planned loading access to the space. Excess parking is available, and the building offers façade signage opportunities.
The property is located at 110 Juliad Ct in Fredericksburg, VA 22406. Its combination of conditioned interior space, three-phase power, high ceilings, and planned roll-up door access supports a range of flex-oriented commercial requirements.
The property is located at 110 Juliad Ct in Fredericksburg, VA 22406. Its combination of conditioned interior space, three-phase power, high ceilings, and planned roll-up door access supports a range of flex-oriented commercial requirements.
Key Highlights
- 30,000 square feet of fully conditioned flex space
- 3‑phase power service
- 18′ ceilings
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
$335,205
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
6.45%
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%
$6,704,100
$6.7M
Cap Rate 7%
$4,788,643
$4.8M
Cap Rate 9%
$3,724,500
$3.7M
Market Conditions
NOI Build-Up for 30,000 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
$540.0K $18.00/SF
− Vacancy
−$24.3K −$0.81/SF
EGI
$515.7K $17.19/SF
− OpEx
−$180.5K −$6.02/SF
NOI
$335.2K $11.17/SF
Area
Spotsylvania County, VA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$6,704,100
Cap Rate 7%
$4,788,643
Cap Rate 9%
$3,724,500
Alternative Uses
Best Use
Office B
$7.94M
$6.95M – $9.27M
NOI $555,900 @ 7.0% cap · market cap 10.69%
Second Best
Flex RnD
$4.79M
$4.19M – $5.59M
NOI $335,205 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$9.40M
$8.23M – $10.97M
NOI $658,264 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 22406, VA
27,129
Population
10,025
Households
2.7
Avg Household Size
40
Median Age
43%
College-Educated
95%
High-School Grad
72.7 sq mi
ZIP Area
373
Density / Sq Mi
$124,357
Median Household Income
$57,593
Median Earnings
$1,895
Median Rent
$483,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Flex space - Fully conditioned commercial space with three-phase power, high ceilings, and planned roll-up door access.
Where is this flex space located?
The property is located at 110 Juliad Ct Fredericksburg, VA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 30,000 square feet of fully conditioned flex space; 3‑phase power service; 18′ ceilings
