Medical Office
90 Chatham Heights Road Fredericksburg, VA 22405
90 Chatham Heights Road, Fredericksburg, VA, 22405
$419,000
For Sale
$419,000
Corner medical office building with two full bathrooms, two access points, and an oversized detached garage.
Property Size1,890 SF
Price / SF$221.69
Days on Market92
Property Features for 90 Chatham Heights Road
General Information
- Standard status
- Active
- Size
- 1,890 SF
- Property subtype
- Office
Building Details
- Year Built
- 1940
Listing agency
(540) 903-0072
Listed by
Coldwell Banker Elite
(540) 903-0072
Source
Xome
Added: Apr 21 Updated: Jul 21 at 2:25AM Checked: Jul 21 at 3:07AM
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 Coldwell Banker Elite
Investment Insights
Based on property information with market context.
This corner medical office building offers a practical layout for professional use, with room for two to three private offices on the main floor plus additional finished space in a fully finished basement. The property includes two full bathrooms and features an oversized detached garage. Recent renovations include fresh paint throughout, new windows, refinished hardwood floors on the main level, and new luxury vinyl plank flooring in the basement.
The building benefits from excellent road frontage and appears to be designed for convenient customer or staff access, with two points of access and plenty of parking. An adjacent buildable lot is included in the sale.
The combination of finished basement space and office-ready main-level rooms provides flexibility for a variety of health, wellness, and general business configurations consistent with the existing improvements.
The building benefits from excellent road frontage and appears to be designed for convenient customer or staff access, with two points of access and plenty of parking. An adjacent buildable lot is included in the sale.
The combination of finished basement space and office-ready main-level rooms provides flexibility for a variety of health, wellness, and general business configurations consistent with the existing improvements.
Key Highlights
- Corner lot medical office building with two full bathrooms and two access points
- Two recently renovated levels: new windows, fresh paint, refinished hardwood floors, and new luxury vinyl plank flooring in the basement
- Oversized detached garage plus driveway parking
Local Financial Insights For Healthcare Medical
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 | $68.5k | $36.24 |
| − Vacancy | −$6.4k | −$3.37 |
| EGI | $62.1k | $32.87 |
| − OpEx | −$24.8k | −$13.15 |
| NOI | $37.3k | $19.72 |
1,890 SF · lease $36.24/SF/yr · vacancy 9.30% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$532.5K
$465.9K – $621.2K
NOI $37,274 @ 7.0% cap · market cap 8.90%
Second Best
Office B
$500.3K
$437.8K – $583.7K
NOI $35,022 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$592.4K
$518.4K – $691.2K
NOI $41,471 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Catherine J. Ward, ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Corner medical office building with two full bathrooms, two access points, and an oversized detached garage.
Where is this medical office space located?
The property is located at 90 Chatham Heights Road Fredericksburg, VA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Corner lot medical office building with two full bathrooms and two access points; Two recently renovated levels: new windows, fresh paint, refinished hardwood floors, and new luxury vinyl plank flooring in the basement; Oversized detached garage plus driveway parking
