Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1001 Charles St Fredericksburg, VA 22401
    Back to Search
    Property profile & analytics

    1001 Charles St Fredericksburg, VA 22401

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 1001 Charles St

    Year built
    1909
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional office property, located at 1001 Charles St. in the heart of historic Downtown Fredericksburg, Virginia, offers a unique blend of classic elegance and contemporary functionality. The building, constructed in 1909 and extensively renovated in 2022, boasts a single-tenant occupancy and comprises one two-story building. Flexible space options range from 551 square feet to 1,446 square feet, catering to a variety of business needs. The property's zoning is designated as CD, allowing for diverse commercial uses. Its central location provides easy access to local amenities, fostering a vibrant and productive work environment. The recent renovations ensure modern conveniences while preserving the building's historic character, creating a sophisticated and inspiring workspace. This property presents a rare opportunity to establish a presence in one of Fredericksburg's most desirable locations. The address is 1001 Charles St., Fredericksburg, VA 22401. The property is ideally suited for businesses seeking a traditional office, executive office suite, co-working space, or creative office environment. This is a single-tenant building offering a unique opportunity to establish a strong presence in a thriving downtown area. The combination of historic charm and modern updates makes this property a truly exceptional offering.

    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
    -77.4617
    Latitude
    38.3029

    Comparable in this City

    • Value Estimation by Request
      10,062 SF

      1965 Jefferson Davis Hwy

      Office Units • 10,062 SF
      1965 Jefferson Davis Hwy, Fredericksburg, VA 22401
      View Details
    • Value Estimation by Request
      4,500 SF

      312 Progress St

      Office Units • 4,500 SF
      312 Progress St, Fredericksburg, VA 22401
      View Details
    • Value Estimation by Request

      2356 Plank Rd

      Individual retail properties
      2356 Plank Rd, Fredericksburg, VA 22401
      View Details
    • Value Estimation by Request
      3,750 SF

      325 Emancipation Hwy

      Medical Office Space • 3,750 SF
      325 Emancipation Hwy, Fredericksburg, VA 22401
      View Details
    • Value Estimation by Request
      1,632 SF

      2304 Emancipation Hwy

      Office Spaces • 1,632 SF
      2304 Emancipation Hwy, Fredericksburg, VA 22401
      View Details
    • Value Estimation by Request
      14,057 SF

      4845 Empire Ct

      Medical Office Space • 14,057 SF
      4845 Empire Ct, Fredericksburg, VA 22401
      View Details

    Similar Nearby for Sale

    • $475,000

      Central Park Commercial Development Opportunity

      0.45 acre lot in premier retail destination.
      1154 Carl D Silver Pkwy, Fredericksburg, VA 22401
      View Details
    • Contact for pricing
      1,200 SF

      Downtown Fredericksburg Office Building

      Professionally managed office building in the heart of Downtown Fredericksburg.
      307 Lafayette Blvd, Fredericksburg, VA 22401
      View Details
    • Contact for pricing
      2,669 SF

      Fredericksburg Office Space For Sale

      Office space with convenient access to amenities and transportation.
      406 Amelia St, Fredericksburg, VA 22401
      View Details
    • $750,000
      1,976 SF

      Fredericksburg Office and Retail Space

      Office and retail space available for sale in Fredericksburg.
      1000 Oakwood St, Fredericksburg, VA 22401
      View Details
    • $1,700,000

      Fredericksburg Restaurant and Bar Opportunity

      Turnkey restaurant and bar on high-visibility corridor, Route 3.
      2312 Plank Rd, Fredericksburg, VA 22401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with flexible options and locations.
      1320 Central Park Blvd, Fredericksburg, VA 22401
      View Details
    • $12 SF/Yr

      Executive Office in Historic District

      Executive office suites, co-working, and conference areas for rent.
      415 Wolfe St, Fredericksburg, VA 22401
      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
    • Contact for pricing
      1,492 SF

      Class A Office Space Available

      Well-located office space with high visibility and traffic counts.
      1420 Central Park Blvd, Fredericksburg, VA 22401
      View Details
    • Contact for pricing

      Fredericksburg Office Suites For Lease

      Office suites for lease in Fredericksburg, Virginia.
      1329 Alum Spring Rd, Fredericksburg, VA 22401
      View Details
    • Contact for pricing

      Fredericksburg Office Space For Rent

      2,500 SF office space available below market rental rate.
      1965 Jefferson Davis Hwy, Fredericksburg, VA 22401
      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.
    1001 Charles St
    Fredericksburg, VA 22401
    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
    1001 Charles St, Fredericksburg, VA, 22401
    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!