Self-Storage Facility with Expansion
New
For Sale
$4,350,000
690 Warrenton Rd, Fredericksburg, VA 22406
Nine buildings provide non-climate-controlled storage, gated entry, security cameras, and a separately leased management office.
Property Size30,126 SF
Lot Size4.70 Acres
Price / SF$144.39
Days on Market2
Property Features for 690 Warrenton Rd
General Information
Standard status
Active
Size
30,126 SF
Total Parking Spaces
46
Lot size
4.70 Acres
Property subtype
Self Storage
Zoning
B-2
Occupancy
66%
Net Operating Income
$232,406
Financials
Asking Price
$4,350,000
Cap Rate
5.3%
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Conditioned Warehouse
No
Self-Storage Units
254
Building Details
Buildings
9
Construction
block
Listing Agency:
Nashville
Listed By:
Ashley Compton · License #77340
(615) 850-2774
Source:
Colliers
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:32AM
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 Nashville
Investment Insights
Based on property information with market context.
The self-storage property occupies approximately 4.7 acres and contains 28,350 rentable square feet in 254 non-climate-controlled units. Nine single-story block buildings were developed from 1996 through 2001, with asphalt drive aisles, perimeter fencing, a sliding gate, keypad entry, cameras, and lighting. A two-story management office is leased to a retail tenant, and the site includes 46 parking spaces. Physical occupancy is approximately 66.1%, with economic occupancy at approximately 65.0%.
The facility fronts Warrenton Road, where exposure is approximately 69,000 vehicles per day. The property is in Fredericksburg, Virginia, at 690 Warrenton Road.
A 1.4876-acre portion is zoned B-2 Urban Commercial, where self-storage is allowed as a Conditional Use. This area includes roughly 0.75 acres of open frontage. With a 0.70 floor-area ratio, an estimated 38,160 GSF multi-story building may fit after accounting for existing building area; zoning permits a maximum height of 65 feet. Municipal review and approvals would be required for future development.
The facility fronts Warrenton Road, where exposure is approximately 69,000 vehicles per day. The property is in Fredericksburg, Virginia, at 690 Warrenton Road.
A 1.4876-acre portion is zoned B-2 Urban Commercial, where self-storage is allowed as a Conditional Use. This area includes roughly 0.75 acres of open frontage. With a 0.70 floor-area ratio, an estimated 38,160 GSF multi-story building may fit after accounting for existing building area; zoning permits a maximum height of 65 feet. Municipal review and approvals would be required for future development.
Key Highlights
- 28,350 rentable square feet across 254 non‑climate‑controlled units
- Approximately 4.7 acres with 46 parking spaces
- Nine single‑story block buildings developed from 1996 through 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$339,579
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,791,580
$6.8M
Cap Rate 7%
$4,851,129
$4.9M
Cap Rate 9%
$3,773,100
$3.8M
Market Conditions
NOI Build-Up for 30,126 SF
Gross rent
$513.3K $17.04/SF
− Vacancy
−$28.2K −$0.94/SF
EGI
$485.1K $16.10/SF
− OpEx
−$145.5K −$4.83/SF
NOI
$339.6K $11.27/SF
Area
Stafford County, VA
Vacancy
5.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,791,580
Cap Rate 7%
$4,851,129
Cap Rate 9%
$3,773,100
Alternative Uses
Best Use
Self Storage
$4.85M
$4.24M – $5.66M
NOI $339,579 @ 7.0% cap · market cap 7.81%
Second Best
Warehouse
$4.51M
$3.95M – $5.27M
NOI $315,938 @ 7.0% cap · market cap 7.26%
Theoretical Best
Specialty Retail
$16.73M
$14.64M – $19.52M
NOI $1,171,299 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
66.1%
Occupancy
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 22406, VA
27,129
Population
10,025
Households
2.7
Avg Household Size
40
Median Age
43%
College-Educated
95%
High-School Grad
72.7 sq mi
ZIP Area
373
Density / Sq Mi
$124,357
Median Household Income
$57,593
Median Earnings
$1,895
Median Rent
$483,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Fredericksburg, VA
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Frequently Asked Questions
What type of property is this?
Self storage facility - Nine buildings provide non-climate-controlled storage, gated entry, security cameras, and a separately leased management office.
Where is this self storage facility located?
The property is located at 690 Warrenton Rd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 28,350 rentable square feet across 254 non‑climate‑controlled units; Approximately 4.7 acres with 46 parking spaces; Nine single‑story block buildings developed from 1996 through 2001
