202 HERNDON Street Fredericksburg, VA 22401
Commercial Sale - FREDERICKSBURG, VA
Property Features for 202 HERNDON Street
General Information
- Property type
- Other
- Property subtype
- Office
- Parking features
- On Street
- Standard status
- Active
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2364
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1900
- Building materials
- Stucco
Listing agent Charlotte F Rouse License #0225193277 (540) 419-9206
Listing office Coldwell Banker Elite 4840 SOUTHPOINT Drive, Stafford, VA (540) 735-2600
Listing date Jul 11, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Outdoors, the property offers a professionally installed commercial-grade artificial turf area, premium Ipe wood decking with ramps, and an accessibility ramp leading to a fully fenced, level backyard for use during client or team gatherings.
Situated on a quiet one-way street in Downtown Fredericksburg, the property is one block from the Rappahannock River and near Historic Downtown Fredericksburg. The listing also highlights convenient access to major regional routes including Route 1, Route 3, Blue and Gray Parkway, Lafayette Boulevard, and Interstate 95.
Key Highlights
- 2,127 SF commercially zoned property in Downtown Fredericksburg on a quiet one‑way street
- Renovated in 2016 after being taken down to the studs, including new roof, drywall, electrical, plumbing, HVAC, and lighting
- Main level with open floor plan, reception area, flex space, and kitchenette with existing range hookups
Local Financial Insights For Office B
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 | $57.9k | $27.24 |
| − Vacancy | −$5.4k | −$2.53 |
| EGI | $52.6k | $24.71 |
| − OpEx | −$13.1k | −$6.18 |
| NOI | $39.4k | $18.53 |
