4701 Carr Dr Fredericksburg, VA 22408
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 4701 Carr Dr
- Year built
- 1998
- Property size
- 10,000 SF
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional 10,000 square foot Class B medical office building, situated within the prestigious Jackson Square Office Park in Fredericksburg, Virginia, presents a compelling investment opportunity. Currently 100% occupied by a long-term corporate tenant, Parsons Corp., under a triple-net (NNN) lease, this single-story building offers a stable and predictable income stream. Built in 1998, the property boasts a desirable C-3 zoning designation. The asking price is $2,700,000, representing a compelling $270 per square foot and a 5.90% cap rate (5.93% pro-forma). The property generates a pro-forma net operating income (NOI) of $160,000. Conveniently located near the Four Mile Fork area of Route 1, with easy access to Interstate 95 (Exit 126), this property benefits from ample parking and proximity to a wide array of amenities, including shopping, dining, hotels, and a new 430,000 square foot Veterans Affairs Clinic (less than a quarter mile away). This turnkey investment offers a rare opportunity to acquire a high-quality, fully leased medical office building in a thriving market. The property address is 4701 Carr Dr, Fredericksburg, VA 22408, within Spotsylvania County.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Spotsylvania
- State
- Virginia
- Longitude
- -77.4949
- Latitude
- 38.2531
