Warehouse Property with Wooded
For Sale
$849,999
7621 River Rd, Fredericksburg, VA 22407
Warehouse property with central air, forced-air heating, and an electric water heater.
Property Size6,892 SF
Price / SF$123.33
Days on Market50
Property Features for 7621 River Rd
General Information
Standard status
Active
Size
6,892 SF
Total Parking Spaces
30
Zoning
RU
Taxes and HOA fees
Annual Taxes
$5,903
Amenities
Central Air
Forced Air, Wood
Electric Water Heater
Trees/Woods
Building Details
Building Size
6,892 SF
Year Built
1995
Listing Agency:
Samson Properties
(540) 779-4190
Listed By:
Victoria Balitcaia · License #0225233771
(540) 779-4190
Source:
Evrealestate
Added: Jul 13
Changed: Aug 30
Last Checked: Aug 31 at 2:58PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This warehouse property was built in 1995 and includes central air, forced-air and wood heating, and an electric water heater. The site also features trees and wooded surroundings.
The property is located at 7621 River Rd in Fredericksburg, Virginia, within Spotsylvania County. Access is described from Exit 130 via Plank Rd and River Rd. Zoning is RU.
The property is located at 7621 River Rd in Fredericksburg, Virginia, within Spotsylvania County. Access is described from Exit 130 via Plank Rd and River Rd. Zoning is RU.
Key Highlights
- Warehouse property built in 1995
- RU zoning
- Central air conditioning
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
$48,928
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
5.76%
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%
$978,560
$978.6K
Cap Rate 7%
$698,971
$699.0K
Cap Rate 9%
$543,644
$543.6K
Market Conditions
NOI Build-Up for 6,892 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
$62.0K $9.00/SF
− Vacancy
−$4.5K −$0.65/SF
EGI
$57.6K $8.35/SF
− OpEx
−$8.6K −$1.25/SF
NOI
$48.9K $7.10/SF
Area
Spotsylvania County, VA
Vacancy
7.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$978,560
Cap Rate 7%
$698,971
Cap Rate 9%
$543,644
Alternative Uses
Best Use
Warehouse
$699.0K
$611.6K – $815.5K
NOI $48,928 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,225 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
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 Industrial in Fredericksburg, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with central air, forced-air heating, and an electric water heater.
Where is this warehouse located?
The property is located at 7621 River Rd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Warehouse property built in 1995; RU zoning; Central air conditioning
