Renovated Office or Retail
822 LAFAYETTE BOULEVARD Fredericksburg, VA 22401
For Sale
$539,725
Completely renovated three-level building with dual HVAC, kitchen, and rear parking for multiple vehicles.
Property Size2,000 SF
Price / SF$269.86
Days on Market61
Property Features for 822 LAFAYETTE BOULEVARD
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1929
Listing Agency:
Town & Country Elite Realty, LLC.
(540) 845-7247
Listed By:
Betty Westerlund
(540) 845-7247
Source:
Xome
Added: May 25
Changed: Jul 24
Last Checked: Jul 24 at 5:07AM
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 Town & Country Elite Realty, LLC.
Investment Insights
Based on property information with market context.
822 Lafayette Blvd is a completely renovated three-level building with two full bathrooms. Improvements include a new roof, new doors, new windows, new flooring, a new dual HVAC system, a new hot water tank, a new kitchen, and additional updates throughout. The basement level is unfinished.
The property is zoned CT and was previously used as a law firm. Based on the zoning designation, the space can support office use, light retail, or other low-intensity business activity. Access is provided by a paved driveway leading to a large rear parking lot capable of accommodating approximately 5 cars.
With its renovated interior and flexible CT zoning, the building can be positioned for a range of low-intensity uses consistent with the property’s current configuration.
The property is zoned CT and was previously used as a law firm. Based on the zoning designation, the space can support office use, light retail, or other low-intensity business activity. Access is provided by a paved driveway leading to a large rear parking lot capable of accommodating approximately 5 cars.
With its renovated interior and flexible CT zoning, the building can be positioned for a range of low-intensity uses consistent with the property’s current configuration.
Key Highlights
- Completely renovated 3‑level building (basement unfinished) in downtown Fredericksburg, VA
- New dual HVAC systems plus new roof, doors, windows, and hot water tank
- Interior features include central air, tile and vinyl flooring, and 2 full bathrooms
Financial Insights For Office B
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 | $54.5k | $27.24 |
| − Vacancy | −$5.1k | −$2.53 |
| EGI | $49.4k | $24.71 |
| − OpEx | −$12.4k | −$6.18 |
| NOI | $37.1k | $18.53 |
2,000 SF · lease $27.24/SF/yr · vacancy 9.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$529.4K
$463.3K – $617.7K
NOI $37,060 @ 7.0% cap · market cap 6.87%
Second Best
Retail
$406.7K
$355.9K – $474.5K
NOI $28,472 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$626.9K
$548.6K – $731.4K
NOI $43,884 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Completely renovated three-level building with dual HVAC, kitchen, and rear parking for multiple vehicles.
Where is this office building located?
The property is located at 822 LAFAYETTE BOULEVARD Fredericksburg, VA.
What is the asking price?
The asking price for this property is $539,725.
What are key features of this property?
This property features: Completely renovated 3‑level building (basement unfinished) in downtown Fredericksburg, VA; New dual HVAC systems plus new roof, doors, windows, and hot water tank; Interior features include central air, tile and vinyl flooring, and 2 full bathrooms
