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    4540 Plank Rd Fredericksburg, VA 22407

    Sponsored
    For Sale
    $2,975,000

    15,000 SF Office Space - $2.975M

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,000-square-foot Class B office building, located at 4540 Plank Road in Fredericksburg, Virginia, presents a compelling investment opportunity. Built in 1985, the property features a traditional office layout with nine individual offices, two bathrooms, and a convenient kitchen. Each office is equipped with phone and internet access, ensuring seamless connectivity for tenants. The building boasts a covered entrance with an awning, providing shelter and a welcoming atmosphere. A sunlit foyer and hallway lead to the individual office spaces. The red brick building enjoys high visibility on Plank Road (Route 3), less than three miles from Interstate 95, benefiting from excellent access and high traffic volume. The property's strategic location is further enhanced by its proximity to Sakura Japanese Steakhouse, a well-established anchor tenant in the area. The building is offered at $2,975,000, translating to a price per square foot of $198.33. The lease type is NNN (Net, Net, Net), and the tenancy is multi-tenant, offering potential for diverse income streams. This property is ideal for investors seeking a well-maintained, strategically located office building in a thriving market. The zip code is 22407, and the property is situated in Spotsylvania County.

    Property Features for 4540 Plank Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,000 SF
    Class
    B

    Building Details

    Year Built
    1985

    HighLights

    • 15,000 SF Class B office building in Fredericksburg, VA.
    • Located at 4540 Plank Road (Route 3), <3 miles from I‑95.
    • Nine individual offices, two bathrooms, kitchen.
    • $2,975,000 asking price ($198.33/SF).
    • NNN lease, multi‑tenant occupancy.
    • Built in 1985.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tiny Toes Creative ... Day Care Center Sakura Japanese Steak, ... Japanese Steakhouse Family Love Group ... Group Home Crossroads Church Office Place Of Worship Felton Therapy Center Medical Clinic

    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
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5383856
    Latitude
    38.2882104

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    FAQs

    What type of property is this?
    Office Property / Space - 15,000 SF Office Space - $2.975M
    Where is this office property / space located?
    The property is located at 4540 Plank Rd Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: 15,000 SF Class B office building in Fredericksburg, VA.; Located at 4540 Plank Road (Route 3), <3 miles from I-95.; Nine individual offices, two bathrooms, kitchen.
    (540) 322-4150
    Request Owner's contact information
    4540 Plank Rd Fredericksburg, VA 22407
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    Fredericksburg, VA 22407
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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
    4540 Plank Rd Fredericksburg, VA 22407
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