Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 New Market St Williamsburg, VA 23188

    View on Map
    Sponsored
    For Sale
    $225,000

    Land And Farms - Williamsburg, VA

    Lot size:
    0.57 Acres
    Days on Market:
    60
    Last Refresh:
    Mar 5 at 9:06 am

    Property Features for 109 New Market St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R4
    Lot size
    0.57 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Chelle Sheffield

    Fords Colony Realty (757) 784-0363

    Listing agent Chelle Sheffield (757) 784-0363

    Listing date Jan 5, 2026

    MLS# 10585519 Listing URL

    Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Golf Course View Residential Lot

    Located in a quiet cul-de-sac within Ford's Colony, this 0.57-acre lot presents a unique opportunity to construct a custom home. The property features views of the par-3 9th hole on the Blackheath golf course, offering a scenic backdrop. The lot's gentle slope is suitable for a walk-out basement design. The survey and site plan have been completed. There is no 3% development fee associated with this lot.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Williamsburg
    County
    Williamsburg
    State
    Virginia
    Longitude
    -76.771
    Latitude
    37.3369

    Nearby Similar for Sale

    • $299,000
      2.90 Acres

      Waterfront Land in Williamsburg, Virginia

      2.9 acres with 116 feet of waterfront shoreline.
      339 Neck O Land Rd, Williamsburg, VA 23185
      View Details
    • $700,000
      5,000 SF

      Well-Maintained Office Building For Sale

      Office building with upgraded finishes, good parking, and natural light.
      123 Bulifants Blvd, Williamsburg, VA 23188
      View Details
    • $387,500
      2,572 SF

      Move-in Ready Office Condo

      Well-appointed office condo available for purchase near I-64.
      461 Mclaws Cir, Williamsburg, VA 23185
      View Details
    • $596,835
      4,421 SF

      Office/Medical Condominium Near Hospital

      Office and medical condominium development near Sentara Williamsburg Hospital.
      302-304 Bulifants Blvd, Williamsburg, VA 23188
      View Details
    • $750,000
      4,800 SF

      Prime Williamsburg Commercial Building For Sale

      4,800 SF commercial building in prime Williamsburg location.
      100 Waller Mill Rd, Williamsburg, VA 23185
      View Details
    • $2,000,000
      8,518 SF

      Williamsburg Office Building For Sale

      Office building with prominent signage and abundant natural light.
      4175 Ironbound Rd, Williamsburg, VA 23188
      View Details
    • $190,000
      1,200 SF

      End Unit Office Condominium

      1,200 SF office condominium with upgraded finishes for sale.
      337 Mclaws Cir, Williamsburg, VA 23185
      View Details
    • $4,733,100
      1,060 SF

      Modern Office Building in Williamsburg

      Leased Class A office building in desirable New Town.
      5425 Discovery Park Blvd, Williamsburg, VA 23188
      View Details
    • Contact for pricing
      2,416 SF

      Restaurant Opportunity in Williamsburg

      Restaurant building for sale in culinary arts district.
      835 Capitol Landing Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      6,100 SF

      Restaurant Parcel on Richmond Road

      Second-generation restaurant parcel near Williamsburg Premium Outlet Mall.
      5509 Richmond Rd, Williamsburg, VA 23188
      View Details
    • Contact for pricing
      1,560 SF

      Retail Space with Redevelopment Underway

      Retail spaces available in renovated shopping center near I-64.
      122-124 Waller Mill Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,640 SF

      Retail Space Near I-64

      Retail spaces available near I-64 and Richmond Rd (Route 60).
      118-120 Waller Mill Rd, Williamsburg, VA 23185
      View Details

    FAQs

    What type of property is this?
    Land - Premium lot with golf course views in Ford's Colony.
    Where is this land located?
    The property is located at 109 New Market St Williamsburg, VA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Premium golf course lot with sweeping views of the 9th hole on the Blackheath course.; - Located in a quiet cul-de-sac in Ford's Colony.; - Ideal gentle slope for a walk-out basement design.
    (757) 784-0363
    Request Owner's contact information
    109 New Market St Williamsburg, VA 23188
    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.
    109 New Market St
    Williamsburg, VA 23188
    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
    109 New Market St Williamsburg, VA 23188
    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

    We can help!
    Listing Contact
    Chelle Sheffield
    Real Estate License ID: 0225196056
    (757) 784-0363 (757) 645-8632 (757) 645-4106
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!