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    4940 Monticello Ave Williamsburg, VA 23188

    For Lease
    Contact for pricing

    Retail space available in the Marketplace Shopping District.

    Property size:
    4,800 SF
    Lot size:
    0.57 Acres

    Property Features for 4940 Monticello Ave

    General Information

    Size
    4,800 SF
    Lot size
    0.57 Acres

    Source: S.L. Nusbaum Realty Co - Corporate Agent Tyler Jacobson

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

    Overview

    Retail Space in Marketplace District

    This retail space is located within the Marketplace Shopping District at the intersection of Route 199 and Monticello Avenue. The shopping district is anchored by Verizon, Mattress Firm, Sundays Blue Box Tanning, Tropical Smoothie, Moe’s Southwest Grill, Blown Away Salon, Longhorn Steakhouse, Wendy's, Goodyear, and Mobil. The location is adjacent to Petsmart, Belk, and Binn’s of Williamsburg. The property offers 4,800 square feet of retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mattress Firm Williamsburg Mattress Store WindsorMeade Market Place Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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, Bonitas hair Studio, WindsorMeade Market Place, Settlers Market, Monticello Marketplace

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg
    State
    Virginia
    Longitude
    -76.7550942
    Latitude
    37.2720714

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in the Marketplace Shopping District.
    Where is this shopping center located?
    The property is located at 4940 Monticello Ave Williamsburg, VA.
    What are key features of this property?
    This property features: - Part of the Marketplace Shopping District at route 199 and Monticello Avenue; - Anchored by major retailers and restaurants like Verizon and Longhorn Steakhouse; - Adjacent to Petsmart and Belk
    (757) 627-8611
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    4940 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
    4940 Monticello Ave Williamsburg, VA 23188
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