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Property profile & analytics
FOR LEASE
Retail space

560 Celebrate Virginia Pkwy Fredericksburg, VA 22406

17,050 SF 2.35 ac lot Built 2007
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US87-0380776
Property summary
AI-generated overview

The Banks Ford Shopping Center, located at 560-570 Celebrate Virginia Parkway in Fredericksburg, Virginia (zip code 22406), presents a compelling investment opportunity in a thriving retail market. This 124,095 square foot shopping center, built in 2006, sits on a 7.26-acre lot and features eight suites, offering multiple tenancy options. Currently, there are 26,113 square feet of vacant space available, divisible into units ranging from a minimum of 1,500 square feet to a maximum contiguous space of 12,000 square feet. The center benefits from its strategic location along the Route 17 corridor, providing excellent visibility and accessibility. This prime location serves a substantial population base, including employees of major employers such as Geico (4,000+ employees), the FBI (1,000+ employees), and the Mary Washington Healthcare System (5,000+ employees). Stafford County has experienced significant population growth in the last decade, and projections indicate continued upward growth for the next five years, making this a particularly attractive investment prospect for businesses seeking to capitalize on this expanding market. The property is situated in Stafford County, Virginia.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction TYPE NOT SPECIFIED
Total area 17,050 SF
Lot 2.35 ac (102,192 SF)
Zoning code B2- URBAN COMM
APN 44Y-5D
UPID US87-0380776
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Advantage Dental Dental Office
  • El Jimador Azteca Mexican Family Restaurant Restaurant
  • Kulbir Singh Goraya Dental Office
  • Kumon Math and Reading Center of FREDERICKSBURG - NORTHWEST Tutoring Service
  • Moto Haven LLC (Suite #103 PMB #112) Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.06M
Owner & transaction history
Lee Property Banks Ford LLC · 18 yrs held
Lee Property Banks Ford LLC
since 2007
2 recorded transactions
2017
Price N/A
2007
$26.3M
Zoning & alternative use
B2- URBAN COMM · Fredericksburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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