Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4500 Plank Rd Fredericksburg, VA 22407

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr ($3,856 /Mo)

    High-traffic retail space, prime location.

    Lot size:
    3,085 SF

    Property Features for 4500 Plank Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,085 SF
    Class
    B
    Total Rate
    3856.25

    Building Details

    Year Built/Renovated
    2013/2018
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 4500 Plank Rd, Fredericksburg, VA 22407 Contact us
    Unit

    $15 /Mo

    Size
    15 SF
    Contact us

    We can help!

    Listing Contact
    John Mckee
    John Mckee

    Listing Agent: John Mckee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 3,085 square foot street-level condo, situated at 4500 Plank Rd in Fredericksburg, VA 22407, presents a remarkable opportunity for businesses seeking high visibility and accessibility. Built in 2013 and renovated in 2018, this Class B property boasts a single-tenant occupancy and offers a spacious layout with a 12-foot ceiling height. The convenient location directly on Route 3 (Plank Road) ensures significant exposure to the 65,000 vehicles passing daily. Ample parking is provided with 30 spaces available for customers and employees. This property is part of a small plaza with existing tenants, offering a synergistic environment. The space includes approximately 2,500 square feet of primary retail space plus additional storage area. The strategic location near a signalized intersection and across from a Wawa further enhances its appeal. Furthermore, pylon and façade signage opportunities are available to maximize brand visibility. Property taxes are $0 per square foot. This is a turnkey solution for a variety of retail, office, or restaurant uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jean T. Koch ... Alternative Medicine Practice Medi-Innovate Pharmacy Pharmacy All Fur Pet ... Pet Grooming Service OneMain Financial Loan Service D H Homes ... Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.537890367089
    Latitude
    38.288679016148

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Central Park Corporate Center

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      1320 Central Park Blvd, Fredericksburg, VA 22401
      View Details
    • $700 /Mo
      89,298 SF

      Affordable Office Spaces For Lease

      Flexible office spaces available in a prime, accessible location.
      15 Riverside Pkwy, Fredericksburg, VA 22406
      View Details
    • Contact for pricing
      2,244 SF

      Retail Space with Drive-Thru Option

      Up to 4,000 SF available in a super regional center.
      1993-1999 Carl D Silver Pkwy, Fredericksburg, VA 22401
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Stafford County

      Neighborhood center with high visibility and frontage to Route 17.
      550-560 Celebrate Virginia Pkwy, Fredericksburg, VA 22406
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Central Park

      Retail space available in a 2.5 million SF power center.
      1811-1859 Carl D Silver Pkwy, Fredericksburg, VA 22401
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Harrison Crossing

      Retail space available in a high-traffic shopping center.
      5701-5769 Plank Rd, Fredericksburg, VA 22407
      View Details
    • Contact for pricing
      2,480 SF

      Retail Space in Central Park

      Retail space in a super regional mixed-use power center.
      1731-1752 Carl D Silver Pkwy, Fredericksburg, VA 22401
      View Details
    • $2,350 /Mo

      Remodeled Home Near Transportation Hubs

      Remodeled home with modern kitchen, spacious basement, and convenient location.
      10701 Houck Dr, Fredericksburg, VA 22407
      View Details
    • $12 SF/Yr
      4,957 SF

      Fredericksburg Office Space for Lease

      Flexible Workspace Solutions in VA
      1320 Central Park Blvd, Fredericksburg, VA 22401
      View Details
    • $25 SF/Yr
      7,162 SF

      Plank Road Retail Center

      Fredericksburg, VA: Prime Retail Space Available
      3500 Plank Rd, Fredericksburg, VA 22407
      View Details
    • $19 SF/Yr
      12,992 SF

      Riverside Parkway Office Suites

      Fredericksburg, VA Office Space Available
      100 Riverside Pkwy, Fredericksburg, VA 22406
      View Details
    • $22 SF/Yr
      3,590 SF

      Class A Office Suites Available

      Class A office building with gym and deli/cafe.
      10304 Spotsylvania Ave, Fredericksburg, VA 22408
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space, prime location.
    Where is this restaurant located?
    The property is located at 4500 Plank Rd Fredericksburg, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 3,085 SF street-level condo at 4500 Plank Rd, Fredericksburg, VA.; High-visibility location on Route 3 (Plank Road), with 65,000+ vehicles daily.; Class B property, built in 2013, renovated in 2018, single-tenant occupancy.
    Request Owner's contact information
    4500 Plank Rd Fredericksburg, VA 22407
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4500 Plank Rd
    Fredericksburg, VA 22407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4500 Plank Rd Fredericksburg, VA 22407
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Mckee
    John Mckee
    Learn more
    Google sign-in failed. Please try again or use another login method.