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    4510 Plank Rd Fredericksburg, VA 22407

    Sponsored
    For Sale
    $2,650,000

    17,520 SF Multi-Tenant Medical Building

    Property size:
    17,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 17,520 square foot medical office building is situated on a 0.9-acre lot at 4510 Plank Road in Fredericksburg, Virginia, zip code 22407. The property, formerly a Strayer University building, boasts a highly desirable C2 zoning and offers ample parking with 61 spaces. The building features a multi-tenant configuration, ideal for a variety of medical or educational uses. The upper floor is currently configured as medical and general office space, while the lower level includes classrooms and a kitchen, making it suitable for training programs or educational institutions. Located on one of Fredericksburg's busiest corridors, with a daily traffic count of 53,000 vehicles, this property benefits from excellent visibility and signage opportunities. Its proximity to I-95 Exit 130B (just two miles away) ensures easy access and high traffic flow. The asking price is $2,650,000, representing a price per square foot of $151.26, significantly below replacement cost. This presents a compelling investment opportunity in a thriving market.

    Property Features for 4510 Plank Rd

    General Information

    Property type
    Medical offices
    Square Feet
    17,520 SF
    Lot Size
    39,204 SF

    Building Details

    Stories
    2

    HighLights

    • Two‑story building on Fredericksburg's busiest corridor.
    • Upper floor: medical/general office space; Lower floor: classrooms and kitchen.
    • Previously occupied by Strayer University.
    • Excellent for educational or training programs.
    • High‑visibility exterior signage.
    • Offered significantly below replacement cost.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jennifer L. Wilson Doctor Orlando's Place Day Care Center Chancellor Primary Care Medical Clinic Dr. Naeem Ahmad, ... Dermatologist Frimpong Barbara 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
    Fredericksburg
    State
    Virginia
    Longitude
    -77.5375346
    Latitude
    38.2880783

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    FAQs

    What type of property is this?
    Medical office - 17,520 SF Multi-Tenant Medical Building
    Where is this medical office located?
    The property is located at 4510 Plank Rd Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: Two-story building on Fredericksburg's busiest corridor.; Upper floor: medical/general office space; Lower floor: classrooms and kitchen.; Previously occupied by Strayer University.
    Request Owner's contact information
    4510 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
    4510 Plank Rd Fredericksburg, VA 22407
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