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Property profile & analytics

3500 Plank Rd Fredericksburg, VA 22407

  • Commercial real estate
  • 7,162 SF
  • 1.26 lot acres
Value Estimations
$1,075,000
Cap Rate Potential
Location Intelligence
Property ID
US87-3846600
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Nails Galaxy / Nail Salon / Beauty Salon
  • Discount Appliances / Appliance Store / Used Appliance Store
  • Dragonfly Club Lodge 02 / Social Club
  • Sierra International Market / Store
  • Peace and Love Beauty Supply,Braiding LLC / Beauty Supply Store

Property Details for 3500 Plank Rd

Year built
1987
Lot size
1.26 lot acres
Property size
7,162 SF
Zone code
C2 - COMMERCIAL 2
Property type
Commercial real estate
APN
13-A-111
APU
13A111

Description

This exceptional retail opportunity presents a 1,755 square foot end-cap unit situated at 3500 Plank Road in Fredericksburg, Virginia. The property boasts high visibility due to its prime frontage on Plank Road (Route 3), ensuring significant foot and vehicle traffic. This location offers unparalleled convenience, being less than one mile from Interstate 95, providing easy access for customers and employees. The property is strategically located near the bustling Spotsylvania Towne Center and Central Park, benefiting from the high density of residential and commercial activity in the immediate vicinity. The building itself comprises two single-story structures, totaling 7,162 square feet and encompassing twelve individual suites. Built in 1987, the property is well-maintained and offers a versatile space suitable for a variety of retail or office uses. The available space is an end-cap unit, providing excellent signage opportunities and increased visibility. The property's APN is 13-A-111, located in Spotsylvania County, Virginia, zip code 22407. This is a rare chance to secure a well-positioned retail space in a thriving commercial area. The property's multiple tenancy structure provides a diverse and vibrant environment. Don't miss this opportunity to establish your business in a high-traffic, easily accessible location with strong potential for growth. The property offers a blend of convenience, visibility, and proximity to key amenities, making it an ideal investment for discerning businesses.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $720,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,260,000
    6.5%
    $1,165,000
    7%
    $1,080,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,337,000
    Market price range: $365k - $1.34M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Fredericksburg
County
Spotsylvania
State
Virginia
Longitude
-77.5188
Latitude
38.2932
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,441
$1,276,100
$2,798,200
$4,074,300
-
$1,276,100
$2,798,200
$4,074,300
More about this property
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