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    5231 Monticello Ave Williamsburg, VA 23188

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    For Lease
    Contact for pricing

    Retail space available in vibrant shopping center near Fresh Market.

    Property size:
    2,103 SF
    Lot size:
    3.54 Acres

    Property Features for 5231 Monticello Ave

    General Information

    Size
    2,103 SF
    Lot size
    3.54 Acres

    Source: Colliers | Norfolk Agent Ben Clarke

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

    Overview

    Retail Space in Courthouse Commons

    Courthouse Commons is a retail destination anchored by Fresh Market, Starbucks, AT&T, Pure Barre, Massage Luxe and Great Clips. Located near the intersection of Route 199 and Monticello Avenue, the center benefits from a traffic flow of 32,000 vehicles per day. The location is designed to serve the affluent households and growing population of Hampton Roads. The property is conveniently located near the College of William & Mary, a daytime office population, and seasonal tourist destinations. Available space is approximately 2103 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Williamsburg Center for Myofunctional ... Dentist Robert Ramirez-Realtor Real Estate Agent The Fresh Market Grocery Store Williamsburg Realty of Virginia Real Estate Agency Court House Cleaners Dry Cleaner

    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.

    Similar Places Nearby

    New Town Commercial Association, WindsorMeade Market Place, Settlers Market, Monticello Marketplace

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg
    State
    Virginia
    Longitude
    -76.7472784
    Latitude
    37.2753208

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in vibrant shopping center near Fresh Market.
    Where is this shopping center located?
    The property is located at 5231 Monticello Ave Williamsburg, VA.
    What are key features of this property?
    This property features: - High traffic location: 32,000 vehicles per day.; - Anchored by Fresh Market and national brands (Starbucks, AT&T, Pure Barre, Massage Luxe, Great Clips).; - Strategic location near Route 199 and Monticello Avenue.
    (757) 490-3300
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    5231 Monticello Ave Williamsburg, VA 23188
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    Williamsburg, VA 23188
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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
    5231 Monticello Ave Williamsburg, VA 23188
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