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    10400 Courthouse Rd Spotsylvania Courthouse, VA 22553

    Sponsored
    For Sale
    $5,300,000

    16,500 SF Retail/Office, High Occupancy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents a 16,500 square foot multi-tenant retail and office building situated on a 1.92-acre lot at 10400 Courthouse Road in Spotsylvania, Virginia (zip code 22553). The property boasts a strong 96% occupancy rate, generating a substantial net operating income (NOI) of $357,420 and a compelling 6.74% capitalization rate. Built in 1990, this single-story building features 79 parking spaces and is zoned C2. The property benefits from an absolute NNN lease structure with multiple tenants, including national, regional, and local businesses, ensuring a stable income stream. Leases include annual increases of 3% and 5%. The prime location on Route 208/Courthouse Road offers exceptional visibility and accessibility, with over 44,000 vehicles passing daily at a signalized intersection. Its strategic placement adjacent to major retailers like Giant Grocery Store, Burger King, and McDonald's, further enhances its appeal. The property's location within a densely populated area, with over 50,000 residents within 3 miles and over 100,000 within 5 miles, guarantees a consistent customer base. The asking price for this fee-simple ownership opportunity is $5,300,000. The property's APN is 35-6-1. This is a rare chance to acquire a high-performing asset in a rapidly growing area projected to be the second fastest-growing suburb of Washington, D.C. by 2040.

    Property Features for 10400 Courthouse Rd

    General Information

    Property type
    Manufacturing properties
    Lot Size
    83,635 SF

    Building Details

    Year Built
    1990
    Stories
    1

    HighLights

    • 16,500 SF multi‑tenant retail/office building on a 1.92‑acre lot for sale.
    • 96.7% leased, generating $357,420 NOI and a 6.74% cap rate.
    • Strong tenant mix including national, regional, and local businesses with leases featuring 3% and 5% annual increases.
    • Prime Route 208/Courthouse Road location with over 44,000 vehicles per day at a signalized intersection.
    • Excellent visibility and accessibility, adjacent to Giant, Burger King, and McDonald's.
    • Densely populated area with over 50,000 residents within 3 miles and over 100,000 within 5 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spotsylvania Courthouse
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5277479
    Latitude
    38.2444484

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Manufacturing property - 16,500 SF Retail/Office, High Occupancy
    Where is this manufacturing property located?
    The property is located at 10400 Courthouse Rd Spotsylvania Courthouse, VA.
    What is the asking price?
    The asking price for this property is $5,300,000.
    What are key features of this property?
    This property features: 16,500 SF multi-tenant retail/office building on a 1.92-acre lot for sale.; 96.7% leased, generating $357,420 NOI and a 6.74% cap rate.; Strong tenant mix including national, regional, and local businesses with leases featuring 3% and 5% annual increases.
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    Realmo Value Estimation

    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.

    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.

    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
    10400 Courthouse Rd Spotsylvania Courthouse, VA 22553
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