Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail/Office Space Available Title is generated by Realmo AI

    1302 Mount Vernon Avenue, Williamsburg, VA 23185

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,445 SF retail/office space in Williamsburg, Virginia.

    Type:Retail, Office
    Property size:
    1,445 SF
    Added:
    Oct 26, 2021
    Days on Market:
    1661
    Last Refresh:
    Mar 21 at 8:03 pm

    Property Features for 1302 Mount Vernon Avenue

    General Information

    Standard status
    Active
    Size
    1,445 SF
    Property subtype
    Retail, Office

    We can help!

    Listing Contact
    Vince Campana III

    Listing agent Vince Campana III License #VA 0225074642

    Listing office Campana Waltz Commercial Real Estate, LLC Williamsburg

    Listing date Oct 26, 2021

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Campana Waltz Commercial Real Estate, LLC Williamsburg

    HighLights

    • Excellent visibility due to corner location at Mount Vernon & Monticello Avenue.
    • High traffic counts, ideal for attracting customers.
    • Prime retail/office space in the heart of Williamsburg, Virginia.
    • Rare opportunity for an impulse location.
    • 1,445 square feet of space.
    • Condominium ownership.

    Overview

    This property offers 1,445 square feet of retail or office space situated in Williamsburg, Virginia. The condominium unit is positioned on the corner of Mount Vernon Avenue and Monticello Avenue, providing high visibility and traffic exposure. This location presents a unique opportunity for retail businesses seeking a prominent location within the City of Williamsburg.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mary Organic Snack ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg
    State
    Virginia
    Longitude
    -76.7239133
    Latitude
    37.280578

    Nearby Similar for Lease

    • Contact for pricing

      Medical Office Space Available

      Second-generation medical office space for lease with convenient access.
      3901 Treyburn Drive, Williamsburg, VA 23185
      View Details
    • $24 SF/Yr

      Office Space with Private Balcony

      Professional office space with abundant parking and outdoor balcony.
      5400 Discovery Park Blvd, Williamsburg, VA
      View Details
    • $18 SF/Yr

      Retail/Office Space in Williamsburg

      Two single-story buildings suitable for retail or office use.
      314 Second St, Williamsburg, VA
      View Details
    • $16 SF/Yr

      Turn-Key Office Space Available

      Two 1,200 SF units in well-maintained business park.
      7151 Richmond Rd, Williamsburg, VA
      View Details
    • Contact for pricing

      Retail Space in Williamsburg Destination

      Prime retail space in a thriving Williamsburg shopping destination.
      4801 Courthouse St, Williamsburg, VA 23188
      View Details
    • $3,500/Mo

      Discover the perfect space for your contracting business

      Office space for lease with good access to Williamsburg and Newport News.
      8979 Pocahontas Trail, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Historic Building with Modern Commercial Space

      Mixed-use property with commercial kitchen and residential units.
      6945 Pocahontas Trl | Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Retail Space in Shopping Center

      Retail space available in neighborhood shopping center with flexible sizes.
      551-801 Merrimac Trail | Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Renovated Shopping Center in Williamsburg

      Newly renovated shopping center with spaces available in Williamsburg, VA.
      118 Waller Mill Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Dominant Shopping Center in Williamsburg

      Premier retail spaces available in Settler's Market.
      5020 Settlers Market Blvd, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Marketplace Shopping District Retail Space

      Retail spaces available in Marketplace Shopping District, Williamsburg, VA.
      4800-4970 Monticello Ave. | Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Marketplace Shoppes Retail Space

      Retail spaces available in established shopping district.
      4655 Monticello Ave | Williamsburg, VA 23188
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,445 SF retail/office space in Williamsburg, Virginia.
    Where is this retail space located?
    The property is located at 1302 Mount Vernon Avenue Williamsburg, VA.
    What are key features of this property?
    This property features: Excellent visibility due to corner location at Mount Vernon & Monticello Avenue.; High traffic counts, ideal for attracting customers.; Prime retail/office space in the heart of Williamsburg, Virginia.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Vince Campana III
    Real Estate License ID: VA 0225074642
    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

    Thank You for Inquiry
    1302 Mount Vernon Avenue, Williamsburg, VA 23185
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!