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    4300 Plank Rd Fredericksburg, VA 22407

    Sponsored
    For Sale
    $7,400,000

    Fredericksburg, VA Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 4300 Plank Road in Fredericksburg, Virginia, presents a compelling investment opportunity. The 20,000 square foot building sits on a 2.01-acre lot and boasts a 95% occupancy rate, with the landlord prepared to master lease the remaining 1,000 square feet for one year. Built in 1990, this multi-tenant property features a desirable NNN lease structure with built-in rent bumps, ensuring consistent income growth. The property enjoys a prime location on Route 3, a high-traffic retail corridor with over 70,000 vehicles passing daily. Its strategic placement near I-95, a large commuter lot, Chancellor Center (anchored by Planet Fitness, Aldi, and Tractor Supply), and densely populated residential areas (over 50,000 residents within 3 miles and 100,000 within 5 miles) contributes to its strong performance. The property includes ample parking (110 spaces, a 5.5:1 ratio) and is zoned C2. The asking price is $7,400,000, with a current Net Operating Income (NOI) of $430,000. Solid leases with 3% annual increases and a strong occupancy history further enhance this investment's appeal. This fee-simple ownership offers a rare chance to acquire a well-established, high-performing commercial asset in a thriving market. Detailed financial information is available upon request.

    Property Features for 4300 Plank Rd

    General Information

    Property type
    Manufacturing properties
    Lot Size
    87,556 SF

    Building Details

    Year Built
    1990

    HighLights

    • 20,000 SF building for sale.
    • 95% leased.
    • Landlord will master lease remaining 1,000 SF for one year.
    • Solid leases with 3% annual increases.
    • Strong occupancy history.
    • Highly visible Route 3 location with over 70,000 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Hair Mosaics Salon ... Beauty Salon US Air Force ... Military Recruiting Office US Marine Corps ... Military Recruiting Office Radiant Wellness Massage Massage Spa Comments on Doctor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Fredericksburg City
    State
    Virginia
    Longitude
    -77.5364149
    Latitude
    38.2881608

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    FAQs

    What type of property is this?
    Manufacturing property - Fredericksburg, VA Investment Opportunity
    Where is this manufacturing property located?
    The property is located at 4300 Plank Rd Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $7,400,000.
    What are key features of this property?
    This property features: 20,000 SF building for sale.; 95% leased.; Landlord will master lease remaining 1,000 SF for one year.
    Request Owner's contact information
    4300 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
    4300 Plank Rd Fredericksburg, VA 22407
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