Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Center Near Super Target Title is generated by Realmo AI

    9841 Patriot Highway, Fredericksburg, VA 22407

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in high-traffic Cosner Corner location.

    Type:Retail, Land
    Property size:
    3,500 SF
    Added:
    Jul 6, 2023
    Days on Market:
    1056
    Last Refresh:
    May 12 at 8:56 pm

    Property Features for 9841 Patriot Highway

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Property subtype
    Retail, Land

    Spaces For Lease

    at 9841 Patriot Highway Contact us

    $15/Mo

    Size
    17,500 SF
    Type
    Retail, Land
    Contact us

    We can help!

    Listing Contact
    Brian Cunningham, CCIM

    Listing agent Brian Cunningham, CCIM

    Listing office Coldwell Banker Elite Fredericksburg

    Listing date Jul 6, 2023

    Source Crexi

    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 Coldwell Banker Elite Fredericksburg

    HighLights

    • Directly across from Super Target in Cosner Corner Shopping Center
    • Best lease rates in Cosner Corner with Tenant Improvement Allowances
    • High parking ratio (nearly 5:1)
    • One existing second generation restaurant space with hood system and other equipment
    • Located in rapidly growing portion of Spotsylvania County and close to Spotsylvania Regional Medical Center Hospital
    • Zoned C3

    Overview

    This retail center is anchored by Hallmark Card and is located directly across from Super Target in the Cosner Corner Shopping Center. The property is situated in a rapidly growing area of Spotsylvania County, near the Spotsylvania Regional Medical Center Hospital. There are three existing vacancies starting at 3,500 square feet. One existing second-generation restaurant space is available, equipped with a hood system and other equipment. The property is zoned C3 and offers 84 dedicated parking spaces, providing a ratio of nearly 5:1.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Lafayette Center — 4006 Lafayette Blvd, Fredericksburg, VA 22408
    • Belman's Plaza — Lafayette Blvd, Fredericksburg, VA 22401

    Map

    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5793
    Latitude
    38.2892

    Nearby Similar for Lease

    • $4,200/Mo

      Historic Office Building For Lease

      Unique office building with historical significance and high visibility.
      77 CAMBRIDGE Street, FREDERICKSBURG, VA 22405
      View Details
    • $2,400/Mo
      1,365 SF

      Renovated Office Space in Fredericksburg

      Attractive, renovated office space in downtown Fredericksburg available for lease.
      620-SUITE A KENMORE Avenue, FREDERICKSBURG, VA 22401
      View Details
    • $3,975/Mo

      Fredericksburg Commercial Space For Lease

      Inviting commercial space in a vibrant, convenient Fredericksburg community.
      11 SMOKEHOUSE Drive, FREDERICKSBURG, VA 22406
      View Details
    • $6,000/Mo

      New Retail Space in Fredericksburg

      Prime retail space in high-traffic Fredericksburg corridor, new construction.
      4714 MINE Road, FREDERICKSBURG, VA 22408
      View Details
    • $12 SF/Yr
      5,000 SF

      Executive Office in Historic District

      Executive office suites, co-working, and conference areas for rent.
      415 WOLFE St 102, Fredericksburg, VA 22401
      View Details
    • Sponsored
      $129-$5,466/Mo
      11-1,292 SF

      Central Park Corporate Center

      1320 Central Park Blvd, Unit 200, Fredericksburg, VA 22401
      View Details
    • Sponsored
      $129-$5,626/Mo
      11-1,292 SF

      Riverside Pkwy

      150 Riverside Pkwy 1Rst, Unit FREDERICKSBURG, Fredericksburg, VA 22406
      View Details
    • $2,500/Mo
      4,000 SF

      Commercial/Retail Space with Apartment

      Street-level commercial space and upstairs apartment for lease.
      3701 LAFAYETTE Blvd, Fredericksburg, VA 22408
      View Details
    • $785/Mo
      5,000 SF

      Executive Office in Historic District

      Executive office suite with utilities, internet, and parking included.
      102-415 Wolfe St, Fredericksburg, VA
      View Details
    • $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
    • $2,000/Mo
      6,332 SF

      Industrial/Warehouse Building with Office Space

      Freestanding industrial/warehouse building with office space for lease.
      501 Musselman Rd #b, FREDERICKSBURG, VA 22405
      View Details
    • $21 SF/Yr
      700-700 SF

      511 Spottswood

      Versatile commercial space in downtown Fredericksburg, ideal for various businesses.
      511 Spottswood St, Unit 5, Fredericksburg, VA 22401
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in high-traffic Cosner Corner location.
    Where is this shopping center located?
    The property is located at 9841 Patriot Highway Fredericksburg, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Directly across from Super Target in Cosner Corner Shopping Center; Best lease rates in Cosner Corner with Tenant Improvement Allowances; High parking ratio (nearly 5:1)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Cunningham, CCIM
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    9841 Patriot Highway, Fredericksburg, VA 22407
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!