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    401 Village Ave, Unit | Yorktown Yorktown, VA 23693

    For Sale
    $2,600,000

    100% leased ice rink near Newport News/Williamsburg International Airport.

    Property size:
    32,963 SF

    Property Features for 401 Village Ave

    General Information

    Size
    32,963 SF

    Building Details

    Year built
    1996

    Source: Luke Timmis Agent Luke Timmis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hampton Roads Iceplex Sale-Leaseback Opportunity

    The property, to be 100% leased to Hampton Roads Iceplex in a sale-leaseback arrangement, is the only ice rink south of Richmond, VA, and north of Virginia Beach, VA. It is situated in a fast-growing industrial hub near Newport News/Williamsburg International Airport. Upon sale, the tenant will execute a 12-year absolute net lease on the 32,963 sq. ft. facility, starting at $5.61 per square foot, with annual increases of 2.00%. The absolute net lease stipulates the tenant's responsibility for all property-related expenses, including repair and replacement of the roof, outer walls, and parking lot. The current owner has completed numerous upgrades and implemented a new operations team that grew revenue from 2017 to 2018, saw continued revenue growth in 2019, and is still operating in full-force given COVID-19. Located about an hour north of North Carolina, along the I-64 freeway and 25 miles north of Norfolk, Virginia, the clear span specialty industrial facility can also be used for roller skating, as a recreation center, for indoor soccer, and for cold storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chilled Ponds At Yorktown Ice Skating Rink Hampton Roads Skating ... Ice Skating Club

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown
    County
    York
    State
    Virginia
    Longitude
    -76.4659493
    Latitude
    37.1119659

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    FAQs

    What type of property is this?
    Skating rink - 100% leased ice rink near Newport News/Williamsburg International Airport.
    Where is this skating rink located?
    The property is located at 401 Village Ave, Unit | Yorktown Yorktown, VA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - 100% leased to Hampton Roads Iceplex, the only ice rink in a large geographic area.; - **12-year absolute net lease** in place upon sale, providing stable income.; - Annual rent increases of 2.00%.
    (248) 978-5421
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    401 Village Ave, Unit | Yorktown Yorktown, VA 23693
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    Yorktown, VA 23693
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    Realmo Value Estimation

    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.

    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.

    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
    401 Village Ave, Unit | Yorktown Yorktown, VA 23693
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