Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3516 Plank Rd Fredericksburg, VA 22407

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office spaces available for rent in Fredericksburg, Virginia.

    Property Features for 3516 Plank Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Virgil Nelson
    Virgil Nelson
    Source: Crexi

    Listing Agency: Cushman & Wakefield Thalhimer - Fredericksburg, Virginia Listing Agent: Virgil Nelson

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

    Learn more

    Overview

    Fredericksburg Office Space Available

    Office spaces are available for rent at a property located on Plank Road in Fredericksburg, Virginia. The available spaces range in size from 700 to 1,400 square feet.
    Location Intelligence

    Current Use by Public Records

    Cannon Communications Security Service The Law Offices of Victoria ... Law Firm Counseling Associates Crisis Center Dr. Bernard J. ... Pediatrician Dr. Arezoo Khanzadeh Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5198056
    Latitude
    38.2932968

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Retail End Cap Unit Available

      Retail space available in well-maintained multi-tenant strip center.
      1036 Warrenton Rd, Fredericksburg, VA 22406
      View Details
    • $6,000 /Mo
      72,745 SF

      New Retail Space Available

      New construction retail space in high-traffic Fredericksburg corridor.
      4714 Mine Rd, Fredericksburg, VA 22408
      View Details
    • $8,500 /Mo
      14,810 SF

      Established Car Dealership in Fredericksburg

      Freestanding used car dealership in prime Fredericksburg location for lease.
      103 Pegram Ln, Fredericksburg, VA 22408
      View Details
    • Sponsored
      Contact for pricing

      Riverside Pkwy

      Discover many ways to work your way in Riverside Pkwy
      150 Riverside Pkwy 1Rst, Fredericksburg, VA 22406
      View Details
    • Sponsored
      Contact for pricing

      Central Park Corporate Center

      Discover many ways to work your way in Central Park Corporate Center
      1320 Central Park Blvd, Fredericksburg, VA 22401
      View Details
    • $25 SF/Yr
      435,600 SF

      Retail Spaces Available, Fredericksburg

      Retail spaces for lease in shopping center with anchor tenants.
      503 Emancipation Hwy, Fredericksburg, VA 22401
      View Details
    • $2,000 /Mo

      Industrial/Warehouse Building with Office Space

      Freestanding industrial/warehouse building with office space for lease.
      501 Musselman Rd, Fredericksburg, VA 22405
      View Details
    • $6,000 /Mo

      New Retail Space in Fredericksburg

      New retail space in high-traffic Fredericksburg corridor near I-95.
      4714 Mine Rd, Fredericksburg, VA 22408
      View Details
    • Contact for pricing
      9,316 SF

      Fredericksburg Retail Opportunity Near Costco

      9,316 SF retail space near Spotsylvania Towne Centre.
      3109 Spotsylvania Mall Dr, Fredericksburg, VA 22407
      View Details
    • $21 SF/Yr

      Versatile Commercial Unit in Fredericksburg

      1128 SF commercial unit suitable for various business ventures.
      4551 Empire Ct, Fredericksburg, VA 22408
      View Details
    • $22 SF/Yr

      Move-in Ready First-Floor Medical Office

      First-floor medical office with handicap access in prime location.
      412 Cambridge St, Fredericksburg, VA 22405
      View Details
    • $21 SF/Yr

      Fredericksburg Commercial Unit For Rent

      1,022 SF commercial unit in a high-traffic Fredericksburg location.
      4553 Empire Ct, Fredericksburg, VA 22408
      View Details

    FAQs

    What type of property is this?
    Office units - Office spaces available for rent in Fredericksburg, Virginia.
    Where is this office units located?
    The property is located at 3516 Plank Rd Fredericksburg, VA.
    What are key features of this property?
    This property features: - Office space available; - Two spaces available; - Size range: **700 SqFt - 1,400 SqFt**
    (540) 322-4150
    Request Owner's contact information
    3516 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.
    3516 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
    3516 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
    Virgil Nelson
    Virgil Nelson
    Real Estate License ID: 0225029080
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!