Fredericksburg Office/Retail Building For
4540 Plank Rd Fredericksburg, VA
4540 Plank Rd, Fredericksburg, VA, 00000
Contact for pricing
For Sale
Contact for pricing
15,000 SF office/retail building anchored by Sakura Japanese Steakhouse.
Property Size15,000 SF
Lot Size1.28 Acres
Price / SF$198.33
Days on Market1259
Property Features for 4540 Plank Rd
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 1.28 Acres
- Property subtype
- OFFICE
Listing agency
Cushman & Wakefield | Thalhimer - Fredericksburg
(540) 846-1390
Listed by
Virgil Nelson · License #0225029080
(540) 846-1390
Source
Moodyscre
Added: Feb 8, 2023 Updated: Jul 6 at 10:04AM Checked: Jul 19 at 5:16AM
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 Cushman & Wakefield | Thalhimer - Fredericksburg
Investment Insights
Based on property information with market context.
This 15,000 square foot brick office and retail building is available for sale. It is located on Plank Road (Route 3), less than 3 miles from I-95, and is close to Interstate 95 at Exit 130. The property experiences a traffic volume of 53,000 vehicles per day on Plank Road. The building features a covered entrance with an awning. The property is currently anchored by Sakura Japanese Steakhouse, Tiny Toes Creative Learning Center, and The Church of Pentecost USA Inc. The office building includes nine separate rooms suitable for offices, two bathrooms, and a kitchen. Each room is equipped with a phone and internet outlet. The main entrance features a foyer with a sunroof and a hallway that leads to the offices. This property presents a great investment opportunity with upside potential.
Key Highlights
- Anchored by Sakura Japanese Steakhouse on US Route 3, close to Interstate 95, at Exit 130
- High traffic volume: 53,000 VPD on Plank Road
- 15,000 SF brick office/retail building
Local Financial Insights For Specialty Retail
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 | $313.2k | $20.88 |
| − Vacancy | −$10.6k | −$0.71 |
| EGI | $302.6k | $20.17 |
| − OpEx | −$75.6k | −$5.04 |
| NOI | $226.9k | $15.13 |
15,000 SF · lease $20.88/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.97M
$3.47M – $4.63M
NOI $277,950 @ 7.0% cap · market cap 9.34%
Second Best
Specialty Retail
$3.24M
$2.84M – $3.78M
NOI $226,913 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$4.70M
$4.11M – $5.49M
NOI $329,132 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tiny Toes Creative ...
Daycare Center
Sakura Japanese Steak, ...
Restaurant
Family Love Group ...
Nursing Home
Crossroads Church Office
Church
Felton Therapy Center
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 15,000 SF office/retail building anchored by Sakura Japanese Steakhouse.
Where is this office building located?
The property is located at 4540 Plank Rd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Anchored by Sakura Japanese Steakhouse on US Route 3, close to Interstate 95, at Exit 130; High traffic volume: 53,000 VPD on Plank Road; 15,000 SF brick office/retail building
