Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fully Occupied Retail Center Title is generated by Realmo AI

    209 Village Ave, Yorktown, VA 23693

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

    Three-building retail center anchored by Riverside Health System.

    Type:Retail
    Property size:
    42,255 SF
    Price / SF:
    $283/SF
    Added:
    Mar 9, 2026
    Days on Market:
    71
    Last Refresh:
    Mar 16 at 2:23 pm

    Property Features for 209 Village Ave

    General Information

    Standard status
    Active
    Size
    42,255 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Catharine Spangler
    Catharine Spangler

    Listing agent Catharine Spangler License #VA 0225196994

    Listing office Cushman & Wakefield Thalhimer - Glen Allen, Virginia

    Listing date Mar 9, 2026

    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 Cushman & Wakefield Thalhimer - Glen Allen, Virginia

    HighLights

    • 100% occupied neighborhood retail center.
    • Anchored by Riverside Health System (S&P: A-), an investment‑grade healthcare provider.
    • Shadowed by a top performing Kroger.
    • Diverse, service‑oriented tenant roster.
    • Attractive net lease structures.
    • Weighted average remaining lease term of over 4.0 years.

    Overview

    The Villages at Kiln Creek is a three-building, fully occupied neighborhood retail center located in Yorktown, Virginia, within the Hampton Roads MSA. The property is shadowed by a high-performing Kroger. Riverside Health System, an investment-grade healthcare provider with an S&P rating of A-, anchors the property, comprising approximately 24% of the gross leasable area. Riverside Health System recently renewed its lease in 2023. The asset features a diverse, service-oriented tenant roster with a staggered lease expiration schedule and attractive net lease structures. The Villages at Kiln Creek has a weighted average remaining lease term of over 4.0 years. Recently executed leases validate market rent growth and the center’s leasing profile. The property contains 42,255 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yamachen Sushi Restaurant Riverside Primary Care ... Medical Clinic Beverly Anne Brown Physician Leelawattie Bisnauth Physician 1st Franklin Financial Bank

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Kroger - Mid Atlantic, 5007 Victory Blvd #2, Tabb, VA 23693
    • Kiln Creek Shopping Center — 1215 George Washington Memorial Hwy, Yorktown, VA 23693
    • Pavilion at Kiln Creek — 3120 Kiln Creek Pkwy, Tabb, VA 23693
    • Villages At Kiln Creek — 119 Village Ave, Yorktown, VA 23693
    • Victory Crossing Shopping Center — Newport News, VA 23602

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown
    County
    York
    State
    Virginia
    Longitude
    -76.4636309
    Latitude
    37.1138105

    Nearby Similar for Sale

    • $495,000
      2,000 SF

      Yorktown Commercial Building For Sale

      Commercial/retail/industrial building in prime Yorktown location near Newport News.
      1126 George Washington Memorial Highway, Yorktown, VA 23693
      View Details
    • $1,200,000
      9,051 SF

      Yorktown Multi-Use Commercial Building

      9,000+ sq ft multi-use building in York County, VA.
      106 Industry Drive, Yorktown, VA 23693
      View Details
    • $850,000
      4,300 SF

      Yorktown Multi-Use Commercial Building

      Turn-key multi-use facility in the heart of Yorktown, Virginia.
      3440 Hampton Highway, Yorktown, VA 23693
      View Details
    • $1,100,000
      4,400 SF

      Yorktown Commercial Building For Sale

      4,400 SF commercial building in high-traffic Yorktown location.
      1101 Coventry Boulevard, Yorktown, VA 23693
      View Details
    • $1,695,000
      7,216 SF

      Yorktown Class A Office Building

      Class A office/medical building in York County, Virginia for sale.
      100 N Constitution Dr, Yorktown, VA
      View Details
    • $1,400,000
      3,333 SF

      Former Bank Branch For Sale

      Former bank branch with drive-through and signage opportunities.
      201 Kiln Creek Pkwy, Yorktown, VA 23693
      View Details
    • $1,636,000
      12,844 SF

      Yorktown Flex/Industrial Space For Sale

      Flex/Industrial property available for purchase in Yorktown, Virginia.
      4824 George Washington Mem Hwy, Yorktown, VA
      View Details
    • $5,500,000
      30,062 SF

      Retail Building with Patio

      30,062 SF building with a 25,764 SF patio.
      6450 George Washington Memorial Hwy, Yorktown, VA 23692
      View Details
    • $3,750,000
      43,000 SF

      Colonial Style Multi-Tenant Office

      Two-story office building on 2.11 acres with frontage.
      3630 George Washington Memorial Hwy, Yorktown, VA 23693
      View Details
    • $1,200,000
      12,080 SF

      Yorktown Retail Building For Sale

      Retail building in Yorktown with expansion potential.
      4900 George Washington Memorial Hwy, Yorktown, VA
      View Details
    • $2,500,000
      18,000 SF

      Versatile Property on High-Traffic Route

      2.20 acre property suitable for automotive sales and service.
      2518 George Washington Mem Hwy, Yorktown, VA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Three-building retail center anchored by Riverside Health System.
    Where is this shopping center located?
    The property is located at 209 Village Ave Yorktown, VA.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: 100% occupied neighborhood retail center.; Anchored by Riverside Health System (S&P: A-), an investment‑grade healthcare provider.; Shadowed by a top performing Kroger.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Catharine Spangler
    Catharine Spangler
    Real Estate License ID: VA 0225196994
    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
    209 Village Ave, Yorktown, VA 23693
    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!