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Two-Story Office Portfolio
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5300 Palmer Lane, Williamsburg, VA 23188

Three-building office complex on separate parcels, offering flexible layouts for single or multi-tenant occupancy.

Property Size15,000 SF
Days on Market51

Property Features for 5300 Palmer Lane

General Information

Standard status Active
Size 15,000 SF
Property subtype Office

Additional Details

Highway Access Yes

Building Details

Building Size 15,000 SF
Stories 2
Listing Agency: Divaris Real Estate - Hampton Roads
Listed By: Michael Divaris, SIOR
Source: Divaris
Added: Jul 4 Changed: Aug 8 Last Checked: Aug 23 at 3:19AM

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 Divaris Real Estate - Hampton Roads

Investment Insights

Based on property information with market context.

Divaris Real Estate, Inc., as exclusive representative, is pleased to offer the fee simple interest in the Ironbound Village Office Portfolio, a three-building office complex consisting of 5300, 5320, and 5340 Palmer Lane. The portfolio totals approximately 15,000 square feet across three two-story office buildings, with each building situated on its own parcel. Floor plans are described as flexible, supporting either single-tenant use or multi-tenant occupancy.

The property is adjacent to New Town Williamsburg’s mixed-use district and is positioned with strong regional access to Route 199 and I-64, connecting to major Williamsburg destinations.

For prospective tenants, buyers, and operators, the configuration of three separate, two-story office buildings creates options for customized occupancy strategies, whether consolidating into one building or expanding across multiple spaces. As presented in the offering, the portfolio is also positioned as a value-add opportunity with future lease-up potential, depending on tenant demand and leasing execution.

Key Highlights

  • Fee simple interest in Ironbound Village Office Portfolio, a three‑building office complex at 5300, 5320, and 5340 Palmer Lane, Williamsburg, VA
  • Approximately 15,000 SF office space total across three two‑story buildings
  • Each building sits on its own parcel, with three separate properties included in the portfolio

Property Analytics

Current Use

Williamsburg WIC Program Social Service Agency James City County ... County Government Office James City County-Williamsburg ... Government Office Midstream Technology Consultant

Suggested Use

Top Pick HVAC Service Electrical Service Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,092
Businesses Nearby

Demographics for 23188, VA

45,438
Population
20,194
Households
2.3
Avg Household Size
49
Median Age
50%
College-Educated
96%
High-School Grad
97.3 sq mi
ZIP Area
467
Density / Sq Mi
$101,088
Median Household Income
$46,557
Median Earnings
$1,541
Median Rent
$409,100
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-building office complex on separate parcels, offering flexible layouts for single or multi-tenant occupancy.
Where is this office building located?
The property is located at 5300 Palmer Lane Williamsburg, VA.
What are key features of this property?
This property features: Fee simple interest in Ironbound Village Office Portfolio, a three‑building office complex at 5300, 5320, and 5340 Palmer Lane, Williamsburg, VA; Approximately 15,000 SF office space total across three two‑story buildings; Each building sits on its own parcel, with three separate properties included in the portfolio
More about this property
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