Mixed-Use Building with
New
For Sale
$700,000
1911 Dixon St, Fredericksburg, VA 22401
Two-story configuration combines a commercial unit with two residential apartments and shared tenant laundry facilities.
Property Size3,806 SF
Days on Market2
Property Features for 1911 Dixon St
General Information
Standard status
Active
Size
3,806 SF
Total Parking Spaces
12
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Office Units
1
Amenities
laundry room
Building Details
Building Size
3,806 SF
Year Built
1936
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
Listed By:
Jared Davis · License #0225210738
(804) 536-6100
Source:
Elliman
Added: Sep 18
Last Checked: Sep 19 at 10:44AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1936, this mixed-use property places a commercial unit on the ground floor and two residential apartments above. The commercial area provides approximately 2,000 square feet of office space and is currently occupied by an appliance repair shop; the space may be used by the purchaser. Residential accommodations include one two-bedroom, one-bath apartment and a separate one-bedroom, one-bath apartment.
The property is located in Fredericksburg near the Rt 1/95 corridor at 1911 Dixon St. A first-floor laundry room has its own exterior access for tenant use, and the parking lot includes 12 spaces serving customers and residents. All three units are currently occupied.
The property is located in Fredericksburg near the Rt 1/95 corridor at 1911 Dixon St. A first-floor laundry room has its own exterior access for tenant use, and the parking lot includes 12 spaces serving customers and residents. All three units are currently occupied.
Key Highlights
- Mixed‑use property with one commercial unit and two residential apartments
- Approximately 2,000 square feet of downstairs office space
- Residential mix includes a 2 bedroom, 1 bath apartment and a 1 bedroom, 1 bath unit
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
$40,248
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
5.75%
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%
$804,960
$805.0K
Cap Rate 7%
$574,971
$575.0K
Cap Rate 9%
$447,200
$447.2K
Market Conditions
NOI Build-Up for 3,806 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
$68.5K $18.00/SF
− Vacancy
−$4.1K −$1.08/SF
EGI
$64.4K $16.92/SF
− OpEx
−$24.1K −$6.34/SF
NOI
$40.2K $10.58/SF
Area
Spotsylvania County, VA
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$804,960
Cap Rate 7%
$574,971
Cap Rate 9%
$447,200
Alternative Uses
Best Use
Mixed Use
$575.0K
$503.1K – $670.8K
NOI $40,248 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$527.8K
$461.8K – $615.8K
NOI $36,945 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,512 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story configuration combines a commercial unit with two residential apartments and shared tenant laundry facilities.
Where is this mixed-use property located?
The property is located at 1911 Dixon St Fredericksburg, VA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Mixed‑use property with one commercial unit and two residential apartments; Approximately 2,000 square feet of downstairs office space; Residential mix includes a 2 bedroom, 1 bath apartment and a 1 bedroom, 1 bath unit
