Two-Story Office
New
For Sale
$795,000
5340 Palmer Lane, Williamsburg, VA 23188
A separately parceled property in an office complex is currently leased to a public-sector occupant.
Property Size5,000 SF
Days on Market7
Property Features for 5340 Palmer Lane
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Building Details
Building Size
5,000 SF
Listed By:
Michael Divaris, SIOR
(757) 497-2113
Source:
Divaris
Added: Sep 30
Last Checked: Oct 5 at 4:23PM
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 Michael Divaris, SIOR
Investment Insights
Based on property information with market context.
This approximately 5,000-square-foot office building spans two stories and occupies its own parcel within the Ironbound Village Offices complex. The property is currently leased to a public-sector occupant on a short-term basis, with relocation to the County’s new headquarters anticipated in 2028. Its layout can accommodate one user or potentially be divided between two smaller tenants.
The building sits just off Ironbound Road, with connections to Route 199 and Interstate 64. Parking is available within the office complex. The property may be purchased individually or as part of a three-building portfolio totaling approximately 15,000 square feet.
The building sits just off Ironbound Road, with connections to Route 199 and Interstate 64. Parking is available within the office complex. The property may be purchased individually or as part of a three-building portfolio totaling approximately 15,000 square feet.
Key Highlights
- Approximately 5,000 square feet across two stories
- Individually parceled property within Ironbound Village Offices
- Current short‑term public‑sector lease; relocation to the County’s new headquarters is anticipated in 2028
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - A separately parceled property in an office complex is currently leased to a public-sector occupant.
Where is this office building located?
The property is located at 5340 Palmer Lane Williamsburg, VA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Approximately 5,000 square feet across two stories; Individually parceled property within Ironbound Village Offices; Current short‑term public‑sector lease; relocation to the County’s new headquarters is anticipated in 2028
