Central Park Strip
For Sale
Contact for pricing
1485 Carl D Silver Parkway, Fredericksburg, VA 22401
Fee-simple retail strip center fully occupied by three destination tenants with I-95 visibility nearby.
Property Size11,400 SF
Lot Size1.29 Acres
Price / SF$363.49
Days on Market52
Property Features for 1485 Carl D Silver Parkway
General Information
Standard status
Active
Size
11,400 SF
Lot size
1.29 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
202,070 vehicles/day
Highway Access
Yes
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
KLNB Commercial Real Estate Services
Listed By:
Christopher Burnham · License #MD
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 4 at 10:36AM
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 KLNB Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The Central Park Strip Center offers a total of 11,400 SF of retail space in a strip center format situated on 1.29 acres. The property is presented as a fee simple interest and is currently 100% occupied by three destination tenants: Big Screen Store, Southern Accents, and Fujiya House. The center’s tenancy mix supports an efficient, straightforward operating footprint with continuous occupancy.
Located within Central Park Marketplace in Fredericksburg, the property benefits from cross-shopping within the larger shopping center. It also has close proximity and pylon sign visibility, providing identifiable retail presence for motorists. The asset is near Interstate 95, which is reported at 202,070 VPD.
For buyers, this offering provides an established retail asset with in-place occupancy and a reported strong weighted average lease term of 6.3 years. The center is marketed for the first time in nearly 20 years, and its placement within the primary retail node of the Central Park Marketplace area supports its continued relevance for retail operators seeking a stabilized, tenant-driven environment.
Located within Central Park Marketplace in Fredericksburg, the property benefits from cross-shopping within the larger shopping center. It also has close proximity and pylon sign visibility, providing identifiable retail presence for motorists. The asset is near Interstate 95, which is reported at 202,070 VPD.
For buyers, this offering provides an established retail asset with in-place occupancy and a reported strong weighted average lease term of 6.3 years. The center is marketed for the first time in nearly 20 years, and its placement within the primary retail node of the Central Park Marketplace area supports its continued relevance for retail operators seeking a stabilized, tenant-driven environment.
Key Highlights
- 11,400 SF fee‑simple Central Park Strip Center on 1.29 acres
- 100% occupied by three destination tenants: Big Screen Store, Southern Accents, and Fujiya House
- Situated in Central Park Marketplace in Fredericksburg, within a major retail community center
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 | $238.0k | $20.88 |
| − Vacancy | −$6.2k | −$0.54 |
| EGI | $231.8k | $20.34 |
| − OpEx | −$69.6k | −$6.10 |
| NOI | $162.3k | $14.24 |
11,400 SF · lease $20.88/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.70M
NOI $162,290 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,140 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
202,070 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
528k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 26%
Dining 25%
Groceries 18%
Apparel 17%
Walmart
Superstores
136,300 visits/mo
0.4 miles
Wegmans
Groceries
77,314 visits/mo
0.1 miles
T.J. Maxx
Apparel
49,359 visits/mo
0.2 miles
McDonald's
Dining
29,583 visits/mo
0.4 miles
Cracker Barrel Old Country Store
Dining
26,236 visits/mo
0.3 miles
Demographics for 22401, VA
27,799
Population
12,270
Households
2.3
Avg Household Size
32
Median Age
47%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
2,673
Density / Sq Mi
$85,432
Median Household Income
$46,891
Median Earnings
$1,518
Median Rent
$461,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fee-simple retail strip center fully occupied by three destination tenants with I-95 visibility nearby.
Where is this strip mall located?
The property is located at 1485 Carl D Silver Parkway Fredericksburg, VA.
What is the asking price?
The asking price for this property is $4,143,828.
What are key features of this property?
This property features: 11,400 SF fee‑simple Central Park Strip Center on 1.29 acres; 100% occupied by three destination tenants: Big Screen Store, Southern Accents, and Fujiya House; Situated in Central Park Marketplace in Fredericksburg, within a major retail community center
