Medical Office
195 Falcon Drive Fredericksburg, VA 22408
195 Falcon Drive, Fredericksburg, VA, 22408
Contact for pricing
For Sale
Contact for pricing
Medical office building features 10 exam rooms, X-ray, OR, and a separate patient-entrance PT/Rehab space.
Property Size6,000 SF
Price / SF$315
Days on Market86
Property Features for 195 Falcon Drive
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agency
Vakos Real Estate Services
(540) 845-6780
Listed by
Steve Schattgen · License #VA0225051490
Source
Crexi
Added: Apr 28 Updated: Jul 21 at 10:50PM Checked: Jul 21 at 10:50PM
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 Vakos Real Estate Services
Investment Insights
Based on property information with market context.
This medical office building totals 6,000 square feet and is laid out to support both physician practice and rehabilitation services. It includes a 1,500-square-foot PT or Rehab area with a separate outside entrance, along with reception and waiting areas and an open PT/Rehab area plus an exam room/office. The remaining medical office portion includes 10 exam rooms, an X-ray room, an OR room, a waiting room with restroom, nurses’ station, reception check station, file room, support staff office, doctor’s office breakroom, and patient restrooms.
The property is described as a convenient option midway between MWH and HCA hospitals. It also notes that MWH’s freestanding ER at Lee’s Hill is approximately 0.7 miles away. Patient parking is highlighted as plentiful, with additional parking behind the building for physician and staff use.
Configured as an owner-user healthcare facility, the building offers distinct space planning for exam-based medical visits and a separate-entry PT/Rehab component.
The property is described as a convenient option midway between MWH and HCA hospitals. It also notes that MWH’s freestanding ER at Lee’s Hill is approximately 0.7 miles away. Patient parking is highlighted as plentiful, with additional parking behind the building for physician and staff use.
Configured as an owner-user healthcare facility, the building offers distinct space planning for exam-based medical visits and a separate-entry PT/Rehab component.
Key Highlights
- 6,000 SF medical office building built in 2006
- Medical suite includes 10 exam rooms, X‑ray room, OR room, waiting room with restroom, and nurses’ station
- Includes a separate 1,500 SF PT/Rehab space with its own outside entrance plus reception and waiting areas
Local Financial Insights For Healthcare Medical
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 | $217.4k | $36.24 |
| − Vacancy | −$20.2k | −$3.37 |
| EGI | $197.2k | $32.87 |
| − OpEx | −$78.9k | −$13.15 |
| NOI | $118.3k | $19.72 |
6,000 SF · lease $36.24/SF/yr · vacancy 9.30% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.69M
$1.48M – $1.97M
NOI $118,331 @ 7.0% cap · market cap 6.26%
Second Best
Office B
$1.59M
$1.39M – $1.85M
NOI $111,180 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,653 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rappahannock Foot & Ankle ...
Physician
Rosemarie Rynkiewicz, DPM
Physician
Michael C. Donato, ...
Physician
Mary Faber
Physician
You Jin Park
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Lee's Hill Pet Hospital — 10693 Spotsylvania Ave, Fredericksburg, VA 22408
- Fredericksburg SPCA — 10819 Courthouse Rd, Fredericksburg, VA 22408
FAQs
What type of property is this?
Medical Office Space - Medical office building features 10 exam rooms, X-ray, OR, and a separate patient-entrance PT/Rehab space.
Where is this medical office space located?
The property is located at 195 Falcon Drive Fredericksburg, VA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 6,000 SF medical office building built in 2006; Medical suite includes 10 exam rooms, X‑ray room, OR room, waiting room with restroom, and nurses’ station; Includes a separate 1,500 SF PT/Rehab space with its own outside entrance plus reception and waiting areas
