Freestanding Medical Office
For Sale
Contact for pricing
4830 Southpoint Dr, Fredericksburg, VA 22407
Existing exam rooms, behavioral health space, and laboratory infrastructure support continued medical or office use.
Property Size23,000 SF
Price / SF$257.44
Days on Market12
Property Features for 4830 Southpoint Dr
General Information
Standard status
Active
Size
23,000 SF
Class
A
Total Parking Spaces
121
Property subtype
Office
Zoning
Commercial (C-3)
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2021
Buildings
1
Building Size
23,000 SF
Listing Agency:
Vakos Real Estate Services
(540) 898-3242
Listed By:
Jonathan Gardner · License #0225204198
Source:
Crexi
Added: Jul 31
Changed: Aug 10
Last Checked: Aug 10 at 9:11AM
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 freestanding medical office property in the Southpoint submarket includes an existing medical build-out with exam rooms, behavioral health space, and laboratory infrastructure. The configuration supports medical or general office occupancy without relying on unverified assumptions about future use. The property is zoned Commercial (C-3).
The building is located at 4830 Southpoint Dr in Fredericksburg, Virginia, less than 1/2 mile from I-95 via Exit 126. It previously operated as the Massaponax VA Clinic, a Community Based Outpatient Clinic associated with the Richmond VA Medical Center, from 2021 until services were consolidated into a nearby facility.
The building is located at 4830 Southpoint Dr in Fredericksburg, Virginia, less than 1/2 mile from I-95 via Exit 126. It previously operated as the Massaponax VA Clinic, a Community Based Outpatient Clinic associated with the Richmond VA Medical Center, from 2021 until services were consolidated into a nearby facility.
Key Highlights
- Existing medical build‑out with exam rooms, behavioral health space, and laboratory infrastructure
- Less than 1/2 mile from I‑95 via Exit 126
- Zoned Commercial (C‑3)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$459,636
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,192,720
$9.2M
Cap Rate 7%
$6,566,229
$6.6M
Cap Rate 9%
$5,107,067
$5.1M
Market Conditions
NOI Build-Up for 23,306 SF
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.
Gross rent
$844.6K $36.24/SF
− Vacancy
−$78.5K −$3.37/SF
EGI
$766.1K $32.87/SF
− OpEx
−$306.4K −$13.15/SF
NOI
$459.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,192,720
Cap Rate 7%
$6,566,229
Cap Rate 9%
$5,107,067
Alternative Uses
Best Use
Healthcare Medical
$6.57M
$5.75M – $7.66M
NOI $459,636 @ 7.0% cap · market cap 7.66%
Second Best
Office B
$6.17M
$5.40M – $7.20M
NOI $431,860 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$7.31M
$6.39M – $8.52M
NOI $511,384 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in Fredericksburg, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing exam rooms, behavioral health space, and laboratory infrastructure support continued medical or office use.
Where is this medical office space located?
The property is located at 4830 Southpoint Dr Fredericksburg, VA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Existing medical build‑out with exam rooms, behavioral health space, and laboratory infrastructure; Less than 1/2 mile from I‑95 via Exit 126; Zoned Commercial (C‑3)
