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

    4705 Plank Rd Fredericksburg, VA 22407

    • Retail properties
    • 15,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Valhalla Academy of Martial Arts / Training Center / Sports School
    • Taiji Body Work / Alternative Medicine Practice / Spa & Massage Center
    • Hawaii Relax Spa / Alternative Medicine Practice / Spa & Massage Center
    • Board & Brush Creative Studio - Fredericksburg / Hardware & Home Improvement / Building Supply
    • Minor Adjustments Salon / Hair Salon / Nail Salon

    Property Details for 4705 Plank Rd

    Property size
    15,000 SF
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 4701 Plank Road, Suites 101 & 102, Fredericksburg, VA 22407, presents a significant retail investment opportunity. The property encompasses a substantial 15,000 square feet of retail space, situated on a generous 1.31-acre lot within Fredericksburg City, in Spotsylvania County. The building features multiple suites, currently configured as a single tenancy. This versatile space is ideal for a variety of retail uses, offering significant potential for growth and expansion. The property's strategic location provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. With its ample square footage and prime location, this property represents a rare opportunity to establish or expand a successful retail business in a thriving market. The address is 4701 Plank Road, Suites 101 & 102, Fredericksburg, VA 22407. The property's coordinates are latitude 38.2901649 and longitude -77.5401916. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Fredericksburg City
    State
    Virginia
    Longitude
    -77.5402
    Latitude
    38.2902

    Comparable in this City

    • Value Estimation by Request
      17,500 SF

      9841 Patriot Hwy

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      10,500 SF

      10040 Patriot Hwy

      Land • 10,500 SF
      10040 Patriot Hwy, Fredericksburg, VA 22407
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      3.52 Acres

      5405 Southpoint Centre Blvd

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

      Commonwealth Dr & Patriot Hwy

      Land • 7.80 Acres
      0 Commonwealth Dr & Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Value Estimation by Request
      1.30 Acres

      - Parcel 13-A-74 Bragg Rd & Riv Rd

      Land • 1.30 Acres
      - Parcel 13-A-74 Bragg Rd & Riv Rd, 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

    Similar Nearby for Sale

    • $7,400,000
      2.01 Acres

      Plank Road Commercial Property

      Fredericksburg, VA Investment Opportunity
      4300 Plank Rd, Fredericksburg, VA 22407
      View Details
    • $7,400,000
      20,000 SF

      Fredericksburg Retail Center - High Traffic

      High-traffic retail investment, 100% leased.
      4300 Plank Rd, Fredericksburg, VA 22407
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    • $2,495,000
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      Prime Fredericksburg Commercial Land

      3.52 Acres, I-95 Frontage, High Traffic
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    • $950,000
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      Cosner's Corner: Prime Commercial Land

      Fredericksburg, VA: 1-acre C-3 zoned lot.
      Outparcel Cor, Fredericksburg, VA 22407
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    • $1,250,000
      4 SF

      Spotsylvania County Land For Sale

      4.17 acres of land in Spotsylvania County, Virginia.
      5010 Gateway Blvd, Fredericksburg, VA 22407
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      Land for Sale

      Land available at 7105 Salem Fields Blvd, Fredericksburg, VA
      7105 Salem Fields Blvd, Fredericksburg, VA 22407
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    Similar Nearby for Lease

    • $15 SF/Yr
      17,500 SF

      Cosner Corner Retail Center Opportunity

      High-traffic retail space, excellent lease rates.
      9841 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing
      15,000 SF

      Prime Fredericksburg Retail Space

      15,000 SF Retail Opportunity in VA
      4705 Plank Rd, Fredericksburg, VA 22407
      View Details
    • Contact for pricing
      65,000 SF

      Fredericksburg Retail Center Investment

      High-traffic retail center, 5,000 SF available.
      10115-10129 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • $25 SF/Yr
      7,162 SF

      Plank Road Retail Center

      Fredericksburg, VA: Prime Retail Space Available
      3500 Plank Rd, Fredericksburg, VA 22407
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    • Contact for pricing
      1 SF

      Fredericksburg Retail Pad for Lease

      Prime 1-acre retail space in Spotsylvania County.
      5000 Plank Rd, Fredericksburg, VA 22407
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    • Contact for pricing
      5,000 SF

      Restaurant Pad Site Available

      Pad site for restaurant with drive-thru and abundant parking.
      4801 Southpoint Pkwy, Fredericksburg, VA 22407
      View Details
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    Fredericksburg, VA 22407
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    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
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