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    4343 Plank Rd Fredericksburg, VA 22407
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    4343 Plank Rd Fredericksburg, VA 22407

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    • Commercial real estate
    • 19,462 SF
    • 1.00 lot acres
    For Lease
    $19 SF/Yr
    View Listing →
    4343 Plank Rd, Fredericksburg, VA For Lease
    $19 SF/Yr

    4343 Plank Rd, Fredericksburg, VA

    Office suite for lease in Chancellor Executive Center.

    4343 Plank Rd, Fredericksburg, VA 22407
    View Listing
    Property ID
    US87-0810757
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • James W. Hilldrup, PLC / Law Firm
    • FXBG FACTS / Charitable Organization / Social Service Agency
    • Seawright Accounting Services, Llc / Accounting Firm / Tax Preparation
    • Back Office Administrators / Tax Preparation
    • Radiance Skin Care / Medical Clinic / Skin Care Clinic

    Property Details for 4343 Plank Rd

    Year built
    1989
    Construction
    CONCRETE BLOCKS
    Lot size
    1.00 lot acres
    Property size
    19,462 SF
    Zone code
    C2 - COMMERCIAL 2
    Property type
    Commercial real estate
    APN
    23-A-14G
    APU
    23A14G

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5361
    Latitude
    38.2894
    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
    $19,639
    $1,012,800
    $1,532,100
    $2,544,900
    -
    $1,012,800
    $1,532,100
    $2,544,900

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Outparcel Cor

      Land • 1.00 Acre
      Outparcel Cor, Fredericksburg, VA 22407
      View Details
    • Value Estimation
      $620,000
      5.33 Acres

      4811 Wildroot Ln

      COMMERCIAL (GENERAL) • 5.33 Acres
      4811 Wildroot Ln, Fredericksburg, VA 22407-9466
      View Details
    • Value Estimation
      $19,135,000
      199,260 SF

      4801 Plank Rd

      COMMERCIAL (GENERAL) • 199,260 SF
      4801 Plank Rd, Fredericksburg, VA 22407-6623
      View Details
    • Value Estimation
      $1,400,000
      9,588 SF

      6010 Plank Rd

      COMMERCIAL (GENERAL) • 9,588 SF
      6010 Plank Rd, Fredericksburg, VA 22407-6234
      View Details
    • Value Estimation
      $11,090,000
      68,035 SF

      Plank Rd

      COMMERCIAL (GENERAL) • 68,035 SF
      Plank Rd, Fredericksburg, VA 22407
      View Details
    • Value Estimation
      $10,385,000
      105,072 SF

      5771 Plank Rd

      COMMERCIAL (GENERAL) • 105,072 SF
      5771 Plank Rd, Fredericksburg, VA 22407-6227
      View Details

    Similar Nearby for Sale

    • $85,000
      0.59 Acres

      Land in Fredericksburg, Virginia

      0.59 acre lot near shopping and I-95.
      9546 Rapidan Dr, Fredericksburg, VA 22407
      View Details
    • $550,000
      Pending

      One Acre Lot on Patriot Highway

      One-acre lot with frontage on Patriot Highway, rezoning potential.
      8230 Patriot Hwy, Fredericksburg, VA 22407
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    • Contact for pricing

      Development Opportunity on Route 1

      Commercial land with frontage on Route 1 near Cosner’s Corner.
      Commonwealth Dr & Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Undeveloped Land West of Fredericksburg

      50 +/- acres suitable for data center or renewable energy.
      11120 Gordon Rd, Fredericksburg, VA 22407
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property in Spotsylvania County

      59,981 SF industrial property on 19.66 acres for lease.
      4900 Ondura Dr, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Retail Space in Cosner's Corner

      Ideally located retail space with high visibility and access.
      10115-10129 Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • Contact for pricing

      Land for Rent in Fredericksburg

      Land available for rent in Spotsylvania County, Fredericksburg.
      10702 Courthouse Rd, Fredericksburg, VA 22407
      View Details
    • $16 SF/Yr
      1,503 SF

      Retail Space at Cosner's Corner

      3,006 SF retail space with excellent visibility for lease.
      10141-10159 Jefferson Davis Hwy, Fredericksburg, VA 22407
      View Details
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    Fredericksburg, VA 22407
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    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
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