Financial
Distress signals
Property profile

5624 Plank Rd Fredericksburg, VA 22407

FOR LEASE
Commercial land
Property ID
US87-0370733
0.59 ac lot
Last sale Oct 2011 · $3,311,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 14-yr Hold Held for 14 years. Free & Clear No active or open recorded mortgage detected.
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5624 Plank Rd, Fredericksburg, VA 22407 For Lease
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5624 Plank Rd, Fredericksburg, VA 22407
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Property summary

AI-generated overview

This exceptional 0.59-acre vacant land parcel presents a unique investment opportunity in Fredericksburg, Virginia. Situated at 5624 Plank Road, this property boasts unparalleled visibility and accessibility, being the last remaining parcel fronting Plank Road (Route 3) within Harrison Crossing South. Its strategic location next to a heavily utilized commuter parking lot ensures high daily traffic exposure, ideal for businesses seeking maximum brand visibility. The C3 zoning designation…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$299k
Assessed land$299k
Effective rate0.77%

Value estimate

· Sep 2026
$255k
$230k – $281k
AI approach$255k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$306/SF
ZIP average, outlier-cleaned · 87 recorded sales of this use type
Observed band · Q1–Q3$163 – $466

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C3 - COMMERCIAL 3
JurisdictionSPOTSYLVANIA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand index
Law Firm22.5
Building Supply21.0
Wholesale Shop19.8

Location

5624 Plank Rd Fredericksburg, VA 22407
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5060 Gtwy, Fredericksburg, VA 22407-8771 $391,039 May 2025 No data
Patriot, Fredericksburg, VA 22407 $400,000 Apr 2025 No data
7020 Harrison, Fredericksburg, VA 22407-6493 $6,000,000 Mar 2025 No data
Fredericksburg, VA 22407 $2,496,000 Feb 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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