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    503 EMANCIPATION Highway Fredericksburg, VA 22401

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    Claim this Listing
    For Lease
    $25 SF/Yr

    CommercialLease - FREDERICKSBURG, VA

    Type:Retail
    Lot size:
    10.00 Acres
    Added:
    Dec 13, 2023
    Days on Market:
    872
    Last Refresh:
    May 3 at 3:06 pm

    Property Features for 503 EMANCIPATION Highway

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    702
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    10.00 Acres

    Utilities

    Heating system
    Forced Air, Central
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Building materials
    Block, Brick, Concrete

    We can help!

    Listing Contact
    Hector C Taborda

    Listing agent Hector C Taborda License #516583

    Listing office RE/MAX Premiere Selections 966 Hungerford Drive unit: 29A, Rockville, VA

    Listing date Dec 13, 2023

    MLS# VAFB2005136

    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.

    Overview

    Retail Spaces Available, Fredericksburg

    Retail spaces are available for lease in a shopping center anchored by Megamart International Supermarket, which is coming soon. Other tenants include Taco Bell, Advance Auto, Wells Fargo Bank, Family Dollar, and City Trends. Available spaces range in size: 11850 square feet, 3300 square feet, 3000 square feet, 1800 square feet, and 1200 square feet. The rent is negotiable and based on the size of the space. The shopping center is located in Fredericksburg, VA. The lot size is 10 acres.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Greenbrier Shopping Center — 2000-2220 Plank Rd, Fredericksburg, VA 22401
    • Gateway Village — Ih 95, Fredericksburg, VA 22401
    • Fredericksburg Design Center — 2346 Plank Rd, Fredericksburg, VA 22401
    • Stylin Studios — va-3, fredericksburg, va 22401
    • Coin Cloud Bitcoin ATM — 2120-2216 Plank Rd, Fredericksburg, VA 22401

    Map

    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.4757636
    Latitude
    38.3135888

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease in shopping center with anchor tenants.
    Where is this shopping center located?
    The property is located at 503 EMANCIPATION Highway Fredericksburg, VA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Anchored by **Megamart International Supermarket** (Coming Soon).; Credit Tenants Include: Taco Bell, Advance Auto, Wells Fargo Bank, Family Dollar, City Trends.; Multiple Space Sizes Available: 11850 SqFt, 3300 SqFt, 3000 SqFt, 1800 SqFt, and 1200 SqFt.
    (240) 286-4272
    We can help!
    Listing Contact
    Hector C Taborda
    Real Estate License ID: 516583
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    503 EMANCIPATION Highway, FREDERICKSBURG, VA 22401

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