Fredericksburg Office Condo For
For Sale
$749,000
Pending
927 Maple Grove Dr #201, Fredericksburg, VA 22407
3196 SF office condo ideal for owner-user or investor.
Property Size3,196 SF
Lot Size2.15 Acres
Days on Market196
Property Features for 927 Maple Grove Dr #201
General Information
Standard status
Pending
Size
3,196 SF
Lot size
2.15 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,739
Building Details
Year Built
2007
Listing Agency:
CENTURY 21 REDWOOD REALTY
(540) 659-2161
Listed By:
KIMBERLY A GUILDER · License #0225225075
Source:
Corcoran
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 6:06AM
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 CENTURY 21 REDWOOD REALTY
Investment Insights
Based on property information with market context.
This is a 3196 square foot office condominium located in Fredericksburg, Virginia. Delivered vacant, it is suitable for an owner-user or investor. The suite features a professional build-out suited for medical, wellness, or general professional services. The flexible floor plan includes multiple private offices, conference rooms, administrative areas/reception, an IT room, lobby, bullpen, and kitchenette. The unit also offers multiple restrooms, including a full in-suite shower, providing added functionality for medical or wellness users. Recent improvements include fresh interior paint throughout. Office furniture is included. The property is conveniently located with easy access to major roadways and surrounding amenities, including Route 3, Route 1, and Interstate 95.
Key Highlights
- Vacant +-3196 SF office condominium ideal for owner‑user or investor.
- Professional build‑out suited for medical, wellness, or general professional services.
- Flexible floor plan with multiple private offices, conference rooms, and administrative areas.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,031
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,260,620
$1.3M
Cap Rate 7%
$900,443
$900.4K
Cap Rate 9%
$700,344
$700.3K
Market Conditions
NOI Build-Up for 3,196 SF
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.
Gross rent
$115.8K $36.24/SF
− Vacancy
−$10.8K −$3.37/SF
EGI
$105.1K $32.87/SF
− OpEx
−$42.0K −$13.15/SF
NOI
$63.0K $19.72/SF
Area
Spotsylvania County, VA
Vacancy
9.30%
Lease Rate
$36.24 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,260,620
Cap Rate 7%
$900,443
Cap Rate 9%
$700,344
Alternative Uses
Best Use
Healthcare Medical
$900.4K
$787.9K – $1.05M
NOI $63,031 @ 7.0% cap · market cap 8.42%
Second Best
Office B
$846.0K
$740.3K – $987.0K
NOI $59,222 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.00M
$876.6K – $1.17M
NOI $70,127 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 22407, VA
62,668
Population
23,305
Households
2.7
Avg Household Size
38
Median Age
33%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
1,027
Density / Sq Mi
$105,218
Median Household Income
$47,282
Median Earnings
$1,758
Median Rent
$376,200
Median Home Value
Market
Vacancy Rate% for Office in Fredericksburg, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 3196 SF office condo ideal for owner-user or investor.
Where is this office units located?
The property is located at 927 Maple Grove Dr #201 Fredericksburg, VA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Vacant +-3196 SF office condominium ideal for owner‑user or investor.; Professional build‑out suited for medical, wellness, or general professional services.; Flexible floor plan with multiple private offices, conference rooms, and administrative areas.
