First-Floor Office
For Sale
Contact for pricing
4032 PLANK ROAD, Fredericksburg, VA 22407
Office space offers dedicated security, a customer-facing service window, and building signage along Route 3.
Property Size504 SF
Price / SF$1.29
Days on Market79
Property Features for 4032 PLANK ROAD
General Information
Standard status
Active
Size
504 SF
Property subtype
Commercial
Additional Details
Floor
1st floor
Building Details
Year Built
1980
Listing Agency:
Elevate Homes LLC
Listed By:
Andrew Neal Johnson · License #0225272617
(540) 498-8368
Source:
Cummingsrealtors
Added: Jul 30
Changed: Oct 15
Last Checked: Oct 16 at 8:10AM
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 Elevate Homes LLC
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Investment Insights
Based on property information with market context.
This first-floor office unit provides a dedicated lockable entrance within a building that also contains an upper-level office. A service window adds a practical point of interaction for visitors or customers, while signage facing Plank Road helps identify the premises from the roadway.
The office shares a foyer with the upstairs space but maintains separate access. Water, sewer, and electric are included in CAM fees, simplifying occupancy-related budgeting. The property was built in 1980 and is located at 4032 Plank Road in Fredericksburg, Virginia, with direct exposure to Route 3.
The office shares a foyer with the upstairs space but maintains separate access. Water, sewer, and electric are included in CAM fees, simplifying occupancy-related budgeting. The property was built in 1980 and is located at 4032 Plank Road in Fredericksburg, Virginia, with direct exposure to Route 3.
Key Highlights
- First‑floor office unit with separate lockable access
- Signage facing Plank Road, identified as Route 3
- Service window included within the office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,339
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,780
$186.8K
Cap Rate 7%
$133,414
$133.4K
Cap Rate 9%
$103,767
$103.8K
Market Conditions
NOI Build-Up for 504 SF
Gross rent
$13.7K $27.24/SF
− Vacancy
−$1.3K −$2.53/SF
EGI
$12.5K $24.71/SF
− OpEx
−$3.1K −$6.18/SF
NOI
$9.3K $18.53/SF
Area
Spotsylvania County, VA
Vacancy
9.30%
Lease Rate
$27.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,780
Cap Rate 7%
$133,414
Cap Rate 9%
$103,767
Alternative Uses
Best Use
Office B
$133.4K
$116.7K – $155.7K
NOI $9,339 @ 7.0% cap · market cap 1,436.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$158.0K
$138.2K – $184.3K
NOI $11,059 @ 7.0% cap · market cap 1,701.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fredericksburg, VA
Frequently Asked Questions
What type of property is this?
Office units - Office space offers dedicated security, a customer-facing service window, and building signage along Route 3.
Where is this office units located?
The property is located at 4032 PLANK ROAD Fredericksburg, VA.
What are key features of this property?
This property features: First‑floor office unit with separate lockable access; Signage facing Plank Road, identified as Route 3; Service window included within the office layout
