Freestanding Medical Office
New
For Sale
$1,599,900
3916 Plank Road, Fredericksburg, VA 22407
C2 zoning and delivery vacant at closing provide flexibility for occupancy or renovation.
Property Size5,280 SF
Price / SF$296.66
Days on Market5
Property Features for 3916 Plank Road
General Information
Standard status
Active
Size
5,280 SF
Zoning
C2
Taxes and HOA fees
Annual Taxes
$9,155
Amenities
Laminate Plank
Natural Gas
Yes
Public
0.26
No
Estimated
Parking Lot
20
5280.00
317100.00
Building Details
Building Size
5,280 SF
Year Built
1990
Listing Agency:
Samson Properties
(703) 935-2308
Listed By:
Denise Rodriguez · License #0225181739
(571) 788-1980
Source:
Knot6
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:42PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This freestanding 5,393-square-foot building was built in 1990 and is configured for medical use. C2 zoning supports a range of uses, including medical, veterinary, professional office, retail, wellness, and service businesses. The property is offered vacant at closing, with scope for a new occupant to adapt the space to its needs.
The building is located on Plank Road in Fredericksburg, Virginia.
The building is located on Plank Road in Fredericksburg, Virginia.
Key Highlights
- 5,393‑square‑foot freestanding building
- Configured for medical use
- C2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,360
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,127,200
$2.1M
Cap Rate 7%
$1,519,429
$1.5M
Cap Rate 9%
$1,181,778
$1.2M
Market Conditions
NOI Build-Up for 5,393 SF
Gross rent
$195.4K $36.24/SF
− Vacancy
−$18.2K −$3.37/SF
EGI
$177.3K $32.87/SF
− OpEx
−$70.9K −$13.15/SF
NOI
$106.4K $19.72/SF
Area
Spotsylvania County, VA
Vacancy
9.30%
Lease Rate
$36.24 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,127,200
Cap Rate 7%
$1,519,429
Cap Rate 9%
$1,181,778
Alternative Uses
Best Use
Healthcare Medical
$1.52M
$1.33M – $1.77M
NOI $106,360 @ 7.0% cap · market cap 6.65%
Second Best
Office B
$1.43M
$1.25M – $1.67M
NOI $99,932 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,334 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22407, VA
62,668
Population
23,305
Households
2.7
Avg Household Size
38
Median Age
33%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
1,027
Density / Sq Mi
$105,218
Median Household Income
$47,282
Median Earnings
$1,758
Median Rent
$376,200
Median Home Value
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Market
Vacancy Rate% for Office in Fredericksburg, VA
Similar Off Market Nearby
- PetVet Wellness Center — 4179 Plank Rd, Fredericksburg, VA 22407
Frequently Asked Questions
What type of property is this?
Medical Office Space - C2 zoning and delivery vacant at closing provide flexibility for occupancy or renovation.
Where is this medical office space located?
The property is located at 3916 Plank Road Fredericksburg, VA.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: 5,393‑square‑foot freestanding building; Configured for medical use; C2 zoning
