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

    12302 JAMES MADISON PKWY King George, VA 22485

    View on Map
    Claim this Listing
    For Lease
    $700 /Mo

    CommercialLease - KING GEORGE, VA

    Type:Retail
    Property size:
    466 SF
    Lot size:
    5.00 Acres
    Added:
    Sep 7, 2025
    Days on Market:
    235
    Last Refresh:
    Apr 29 at 4:06 pm

    Property Features for 12302 JAMES MADISON PKWY

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    34
    Parking features
    Driveway, Parking Lot
    Standard status
    Active
    Size
    466 SF
    Lot size
    5.00 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1960
    Building materials
    Concrete

    We can help!

    Listing Contact
    Keith A Hawkins

    Listing agent Keith A Hawkins License #0225243770

    Listing office Samson Properties 10400 Odonnell Place unit: 200, Chantilly, VA

    Listing date Sep 7, 2025

    MLS# VAKG2006994

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    KING GEORGE Retail/Office Unit

    This 466 square foot unit is suitable for office or retail use. It is located on US Highway Route 301 (James Madison Parkway), a four-lane road with a traffic count exceeding 14,000. The property includes one bathroom. The lot size is 5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Pharmacy Accounting Firm Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    King George
    County
    King George
    State
    Virginia
    Longitude
    -77.1485015
    Latitude
    38.2426988

    Nearby Similar for Lease

    • $1,200/Mo

      Open Bay For Lease

      Open bay with roll-up doors suitable for automotive uses.
      8073 KINGS Highway, KING GEORGE, VA 22485
      View Details
    • $1,000/Mo

      King George Retail/Office Space

      Retail or office unit available for lease in King George.
      12302 JAMES MADISON PKWY, KING GEORGE, VA 22485
      View Details
    • $400/Mo

      KING GEORGE Commercial Unit

      Office or retail unit available for lease.
      12302 JAMES MADISON PKWY, KING GEORGE, VA 22485
      View Details
    • $1,200/Mo

      King George Retail/Office Space

      Retail or office units available for lease in King George.
      12302 JAMES MADISON PKWY, KING GEORGE, VA 22485
      View Details
    • $1,500/Mo

      Commercial Lease in Business Park

      Well-located commercial space in a thriving business community.
      7387 KINGS Hwy, King George, VA 22485
      View Details
    • $1,200/Mo

      Open Bay Automotive Space

      Open bay with roll-up doors suitable for automotive uses.
      8073 KINGS Hwy, King George, VA 22485
      View Details
    • $1,000/Mo

      King George Retail/Office Space

      Retail or office unit available for lease in King George.
      12302, KING GEORGE, VA 22485
      View Details
    • $4,887/Mo

      Maingate Office Building For Lease

      Office spaces for lease near NSWC, restaurants, and local businesses.
      17119 DAHLGREN Road, KING GEORGE, VA 22485
      View Details
    • $10 SF/Yr

      Office Suites Near Naval Facility

      Office suites available for lease near Dahlgren Naval Support Facility.
      4485 Danube Dr, KING GEORGE, VA, 22485-5756
      View Details
    • Contact for pricing

      King George Flex/Warehouse Opportunity

      9,000 SF flex/warehouse space in King George, Virginia.
      17047 Consumer Row, King George, VA 22485
      View Details
    • Contact for pricing

      Retail Space in King George

      Retail space for lease serving the Northern Neck area.
      16375 Merchants Ln, King George, VA 22485
      View Details
    • $3,369/Mo

      Dahlgren Office Space For Lease

      Prime location near NSWC Dahlgren, walkable to local amenities.
      17113 DAHLGREN Road, KING GEORGE, VA 22485
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail or office unit on US Highway Route 301.
    Where is this retail space located?
    The property is located at 12302 JAMES MADISON PKWY King George, VA.
    What is the lease rate?
    The lease rate is $700 /Mo.
    What are key features of this property?
    This property features: Located on high‑traffic US Highway Route 301 (James Madison Pkwy) with over 14,000 vehicles daily.; Suitable for office or retail use.; 466 Sq Ft unit.
    (240) 413-6252
    We can help!
    Listing Contact
    Keith A Hawkins
    Real Estate License ID: 0225243770
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!