Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4540 Plank Rd Fredericksburg, VA 22407

    • Commercial real estate
    • 8,023 SF
    • 1.30 lot acres
    For Sale
    View listing
    $2,975,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3658875
    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

    • Tiny Toes Creative Learning Center / Daycare Center
    • Sakura Japanese Steak, Seafood House & Sushi Bar / Restaurant
    • Family Love Group Home / Nursing Home / Social Service Agency
    • Crossroads Church Office / Church / Mosque
    • Felton Therapy Center / Medical Clinic

    Property Details for 4540 Plank Rd

    Lot size
    1.30 lot acres
    Property size
    8,023 SF
    Zone code
    C2 - COMMERCIAL 2
    Property type
    Commercial real estate
    APN
    23-13-F1
    APU
    2313F1

    Description

    This exceptional 15,000-square-foot Class B office building, located at 4540 Plank Road in Fredericksburg, Virginia, presents a compelling investment opportunity. Built in 1985, the property features a traditional office layout with nine individual offices, two bathrooms, and a convenient kitchen. Each office is equipped with phone and internet access, ensuring seamless connectivity for tenants. The building boasts a covered entrance with an awning, providing shelter and a welcoming atmosphere. A sunlit foyer and hallway lead to the individual office spaces. The red brick building enjoys high visibility on Plank Road (Route 3), less than three miles from Interstate 95, benefiting from excellent access and high traffic volume. The property's strategic location is further enhanced by its proximity to Sakura Japanese Steakhouse, a well-established anchor tenant in the area. The building is offered at $2,975,000, translating to a price per square foot of $198.33. The lease type is NNN (Net, Net, Net), and the tenancy is multi-tenant, offering potential for diverse income streams. This property is ideal for investors seeking a well-maintained, strategically located office building in a thriving market. The zip code is 22407, and the property is situated in Spotsylvania County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,305,000
      7%
      $1,210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,322,000
      Market price range: $409k - $1.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.5384
    Latitude
    38.2883
    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
    $20,616
    $1,316,600
    $1,354,900
    $2,671,500
    -
    $1,316,600
    $1,354,900
    $2,671,500

    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

    • $1,995,000

      Prime Fredericksburg Commercial Land

      5.79 Acres, C-2 Zoning, High Visibility
      6532 Wrights Ln, Fredericksburg, VA 22407
      View Details
    • $950,000
      1.30 Acres

      Bragg Road Commercial Land Parcel

      1.3-acre C2 zoned lot, prime Fredericksburg location.
      - Parcel 13-A-74 Bragg Rd & Riv Rd, Fredericksburg, VA 22407
      View Details
    • $899,000
      1.86 Acres

      Leavells Road Commercial Land

      1.86 Acres, C1/C2 Zoning, High Traffic
      11011 Leavells Rd, Fredericksburg, VA 22407
      View Details
    • $7,800,000
      7.80 Acres

      Fredericksburg Commercial Land - 7.8 Acres

      Prime Commercial Land, Route 1 Frontage, High Traffic
      0 Commonwealth Dr & Patriot Hwy, Fredericksburg, VA 22407
      View Details
    • $1,265,000
      1.50 Acres

      Fredericksburg Land: 1.5 Acres

      Prime 1.5-acre vacant lot in Fredericksburg, VA.
      11920 Kennedy Ln, Fredericksburg, VA 22407
      View Details
    • $1,000,000
      0.07 Acres

      Plank Road Office Building Investment

      8,652 SF Office, High Occupancy
      3920 Plank Rd, Fredericksburg, VA 22407
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Fredericksburg City Land

      3.94 Acres, Vacant, Multiple Tenancy
      10704 Courthouse Rd, Fredericksburg, VA 22407
      View Details
    • Contact for pricing
      1 SF

      Fredericksburg Retail Pad for Lease

      Prime 1-acre retail space in Spotsylvania County.
      5000 Plank Rd, Fredericksburg, VA 22407
      View Details
    • $28 SF/Yr
      17,771 SF

      Prime Fredericksburg Office Space

      17,771 SF Office Building, 2,550 SF Vacant
      3504 Plank Rd, Fredericksburg, VA 22407
      View Details
    • $20 SF/Yr
      3,061 SF

      Retail Space in Cosner's Corner

      Retail space in regional power center, Cosner’s Corner.
      9911-9915 Jefferson Davis Hwy, Fredericksburg, VA 22407
      View Details
    • $20 SF/Yr
      2,400 SF

      Retail Spaces in Anchored Center

      Retail spaces available in a busy, visible shopping center.
      10600-10697 Courthouse Rd, Fredericksburg, VA 22407
      View Details
    • $12 SF/Yr
      11,200 SF

      Industrial Warehouse Space For Lease

      Class A industrial warehouse space with outside storage potential.
      8110 River Stone Dr, Fredericksburg, VA 22407
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4540 Plank Rd
    Fredericksburg, VA 22407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.