Self-Service Car
New
For Sale
$975,000
1603 Dixon St, Fredericksburg, VA 22401
The site includes an existing building configured for a self-service car wash operation.
Property Size3,770 SF
Price / SF$258.62
Days on Market1
Property Features for 1603 Dixon St
General Information
Standard status
Active
Size
3,770 SF
Property subtype
Retail
Building Details
Building Size
3,770 SF
Year Built
1979
Buildings
1
Listing Agency:
Coldwell Banker Commercial Elite
Listed By:
Evan Sullivan · License #0225208887
(540) 786-1402
Source:
Commercialcafe
Added: Oct 19
Last Checked: Oct 19 at 3:03AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This self-service car wash property includes a 3,770-square-foot building constructed in 1979. The property previously operated as a self-service car wash, providing a physical base for continued use in that category.
Key Highlights
- 3,770‑square‑foot building
- Constructed in 1979
- Former self‑service car wash operation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,031
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,620
$1.1M
Cap Rate 7%
$814,729
$814.7K
Cap Rate 9%
$633,678
$633.7K
Market Conditions
NOI Build-Up for 3,770 SF
Gross rent
$78.7K $20.88/SF
− Vacancy
−$2.7K −$0.71/SF
EGI
$76.0K $20.17/SF
− OpEx
−$19.0K −$5.04/SF
NOI
$57.0K $15.13/SF
Area
Spotsylvania County, VA
Vacancy
3.40%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,620
Cap Rate 7%
$814,729
Cap Rate 9%
$633,678
Alternative Uses
Best Use
Specialty Retail
$814.7K
$712.9K – $950.5K
NOI $57,031 @ 7.0% cap · market cap 5.85%
Second Best
Retail
$766.7K
$670.9K – $894.5K
NOI $53,670 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,722 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 89%
Shops & Services 11%
Hardee's
Dining
10,188 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,251 visits/mo
0.2 miles
El Rodeo
Dining
2,602 visits/mo
0.5 miles
7-Eleven
Shops & Services
2,470 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Self service car wash - The site includes an existing building configured for a self-service car wash operation.
Where is this self service car wash located?
The property is located at 1603 Dixon St Fredericksburg, VA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,770‑square‑foot building; Constructed in 1979; Former self‑service car wash operation
