Property profile

3501 Plank Rd Fredericksburg, VA 22407

OFF-MARKET
Commercial real estate
Property ID
US87-0933746
56,588 SF 8.73 ac lot
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Fredericksburg, VA property, Spotsylvania Crossing, offers 8,050 square feet of prime retail and office space currently available for lease. The building is situated at 3501 Plank Rd, 22407, and features multiple tenancy options, perfect for businesses of varying sizes. Individual suites range from a minimum of 845 square feet to a maximum contiguous space of 3,000 square feet, providing flexibility for diverse needs. The entire 8,050 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to establish themselves in this vibrant location. The property's "Executive Office," "Storefront," and "Traditional" subtypes cater to a wide range of business models. Its strategic location in Fredericksburg, Virginia offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving market. The property is classified as both retail and office space, providing versatility and potential for a variety of uses. Interested parties are encouraged to inquire about lease terms and availability.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 56,588 SF
Lot 8.73 ac (380,279 SF)
Zoning code C2 - COMMERCIAL 2
APN 13-A-47H
UPID US87-0933746

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Clothing & Fashion Store
  • Shopping Center & Mall
  • Atm

Location

3501 Plank Rd Fredericksburg, VA 22407-6830
Fredericksburg metro Census 20106 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.20M
Blend (final) Blend
$6.51M

Owner & transaction history

since 2015
5 recorded transactions
2016
Price N/A
2015
Price N/A
2015
$8.3M
2003
Price N/A
1969
Price N/A

Zoning & alternative use

C2 - COMMERCIAL 2 · Fredericksburg, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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