11 Smokehouse Dr Fredericksburg, VA 22406-8455
- Medical offices
- 2,504 SF
- 0.34 lot acres
Current Use by Public Records
- Real Life Community Church / Baptist Church
- Real Life Community Church - Food Distribution Center / Food Bank
- Kingdom Expectations / Church
- Lauren F. Scott, NP / Nurse Practitioner
- Yang Ximin DDS / Dentist
Property Details for 11 Smokehouse Dr
- Year built
- 2007
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.34 lot acres
- Property size
- 2,504 SF
- Zone code
- B2- URBAN COMM
- Property type
- Medical offices
- Property subtype
- Medical centers
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $470,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $555,000
- 6.5%
- $590,000
- 7%
- $665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $550,000
- Geo Method
- $545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $565,000
- Retail
- $660,000
- Mixed-Use
- $585,000
- Hospitality
- $530,000
- Educational
- $610,000
- Residential Income
- $525,000
- Energy
- $620,000
- Income-Based Land
- $625,000
- Food Service
- $635,000
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Stafford
- State
- Virginia
- Longitude
- -77.5033
- Latitude
- 38.355
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
