11 Smokehouse DrFredericksburg, VA 22406

Property Details for 11 Smokehouse Dr

Year built

2007

Construction

TYPE NOT SPECIFIED

Lot size

0.34 AC

Property size (Sq ft)

2,504 SF

Zone code

B2- URBAN COMM

Property type

Healthcare properties

Property subtype

Medical offices

APN

44AA-1A

APU

44AA1A

Description

This exceptional 7% cap rate shopping center, located at 11 Smokehouse Dr, Fredericksburg, VA 22406, presents a compelling investment opportunity. Priced at $3,700,000, the property boasts a strong Net Operating Income (NOI) of $259,000. Its strategic location offers significant advantages, including proximity to dense residential areas, ensuring a consistent customer base. The property benefits from excellent visibility on Smokehouse Dr and Plantation Dr, and enjoys convenient access to major roadways, specifically Warrenton Road (Rt. 17), and is less than 1.5 miles from I-95 at Exit 133B. Ample parking is available for customers and tenants. The current owner is open to subdividing the property for lease, providing flexibility for potential buyers seeking to tailor the space to their specific needs. This makes it an ideal investment for both seasoned investors and those new to the commercial real estate market. The property's strong performance and strategic location make it a highly attractive investment opportunity with significant potential for future growth and return. The property is classified as retail and is categorized as a shopping center. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving Virginia market.

• CAP approach

  CAP return

  Valuation

  6%

  $533,556

  6.5%

  $492,513

  7%

  $457,333

• Comparable approach

  Method

  Valuation

  Relative Method

  $383,222

  Geo Method

  $383,222

• Alternative Use

  Use

  Valuation

  Residential

  $610,716

  Hospitality

  $559,412

  Educational

  $465,425

  Medical

  $481,431

  Retail

  $723,994

Location Insight

City

Fredericksburg

County

Stafford

State

Virginia

Latitude

38.355

Longitude

-77.5033

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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