4540 Plank Rd Fredericksburg, VA 22407-0137
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 - COMMERCIAL 2 · Fredericksburg, VAFredericksburg. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.