Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Outparcel Cor Fredericksburg, VA 22407

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Outparcel Cor Fredericksburg, VA 22407

    View on Map
    • Land
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Outparcel Cor

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1-acre commercial land parcel, known as Cosner's Corner, presents a unique investment opportunity in the thriving Fredericksburg, Virginia market. Strategically located at the intersection of US Route 1/Patriot Highway and US Route 17/Mills Drive, this property boasts unparalleled visibility and accessibility. The site is conveniently situated less than one mile from the Spotsylvania Regional Medical Center and benefits from a strong daytime population of 42,557 within a 3-mile radius. The property is already prepared for development, featuring a rough-graded pad site with public water and sewer stubbed in, and offsite stormwater management completed. This location offers easy access to major thoroughfares, including US Route 1 and I-95, placing it within a busy regional trade area. The surrounding area is anchored by national retailers such as Target, Ross, Marshalls, PetSmart, Panera Bread, GNC, and Arby's, ensuring high traffic and consumer visibility. Further enhancing the long-term prospects, a new 472,121 square foot Virginia hospital is slated for completion less than two miles away in 2024, promising significant future growth and increased demand. This C-3 zoned lot is priced at $950,000 and represents a compelling opportunity for developers and investors seeking a prime location in a rapidly expanding market. The property's strategic location, infrastructure readiness, and proximity to major amenities make it an ideal site for a variety of commercial developments.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5045
    Latitude
    38.2257

    Comparable in this City

    • Value Estimation by Request
      17,500 SF

      9841 Patriot Hwy

      Land • 17,500 SF
      9841 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      3.52 Acres

      5405 Southpoint Centre Blvd

      Land • 3.52 Acres
      5405 Southpoint Centre Blvd, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      4.12 Acres

      9017 Patriot Hwy

      Distribution properties • 2,280 SF
      9017 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      0.50 Acres

      9683 Patriot Hwy

      Land • 0.50 Acres
      9683 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      4.68 Acres

      Eustace Rd

      Land • 4.68 Acres
      0 Eustace Rd, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      2.81 Acres

      Meekins Dr

      Land • 2.81 Acres
      0 Meekins Dr, Fredericksburg, VA 22407
      View Details

    Similar Nearby for Sale

    • $3,999,000
      4.12 Acres

      9017 Patriot Highway

      Distribution centers • 2,280 SF
      9017 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Fredericksburg, Virginia.
      7103 Salem Fields Blvd, Fredericksburg, VA 22407
      View Details
    • $85,000

      Residential Lot Near Amenities

      0.59 acre lot near shopping and major routes.
      9546 Rapidan Dr, Fredericksburg, VA 22407
      View Details
    • $999,000

      Land For Sale Fredericksburg

      Land available for purchase in Fredericksburg, Virginia.
      1212 Bragg Rd, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      2.36 Acres of Land

      2.36 acres of land available for sale.
      10726 Courthouse Rd, Fredericksburg, VA 22407
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent in Fredericksburg

      Land available for rent in Spotsylvania County, Fredericksburg.
      10702 Courthouse Rd, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in Fredericksburg, Virginia.
      9683 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Commercial Land on Salem Church

      Land with frontage on a major commuter road.
      2301 Salem Church Rd, Fredericksburg, VA 22407
      View Details
    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.
    Outparcel Cor
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!