Entity Owned Property summary
AI-generated overview
This exceptional 21.97-acre commercial land parcel in Williamsburg, Virginia, is ideally situated along Richmond Road, a major commuter route with over 21,000 vehicles daily. Its level terrain ensures ease of development, and existing entitlements allow for diverse uses including multi-family, retail, office, or medical facilities. The property's strategic location offers significant advantages. It directly abuts Colonial Heritage, a large 55+ community, and is adjacent to a newly developed assisted living facility, reflecting the area's growth trajectory. Nearby amenities include Sentara Regional Hospital, major retailers (Walmart, Lowe's, Home Depot, Harris Teeter), Thomas Nelson Community College, and easy access to I-64, connecting to major cities within an hour's drive (Richmond, Norfolk, Virginia Beach, Chesapeake, and Newport News). The property's proximity to Busch Gardens, Premium Outlets of Williamsburg, Colonial Williamsburg, and the College of William & Mary further enhances its investment potential. This presents a unique opportunity to capitalize on the area's thriving commercial landscape and strong demographics. The address is 6895 Richmond Rd, Williamsburg, VA 23188. The asking price is $8,242,287.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Total area
3,990 SF
Lot
21.97 ac (956,839 SF)
Zoning code
MU MIXED USE
APN
24-3 01-0-0032-B
UPID
US87-0577663
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$876k
Blend (final)
Blend
$820k
Owner & transaction history
Zoning & alternative use
MU MIXED USE · Williamsburg, VA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$820k
Value range
$738k – $902k
±10% around blend
Estimated value / SF
$206 / SF
Confidence
High
10 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$738k
blend $820k
$902k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,990 SF
Lot area
21.97 ac
Year built
1968
Stories
2
APN
24-3 01-0-0032-B
Zoning
MU MIXED USE
Assessed value
$2,645,800
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.20M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.2 mi away · 3,586 SF
19.8 mi away · 3,880 SF
19.9 mi away · 3,411 SF
20.3 mi away · 3,123 SF
20.8 mi away · 5,120 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$820k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 117 sales
$182
+13%
Submarket 222 sales
$187
+10%
County 189 sales
$182
+13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $206/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.65M
Move the market yield to see immediate price impact.
Value / SF
$663
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$167k
$3.33M
$2.38M
$1.85M
$185k
$3.70M
$2.65M
$2.06M
$204k
$4.07M
$2.91M
$2.26M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.70M
7.0 mi · Dec 2025 · $486/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$2,645,800
Assessed 2023
Previous assessed
$2,645,800
+0.0% YoY
Assessed land
$2,298,100
Assessed improvement
$347,700
Land market value
$2,298,100
Improvement market value
$347,700
Total market value
$2,645,800
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
7
Bathrooms
3
Total area
3,990 SF
Lot
21.97 ac (956,839 SF)
Zoning code
MU MIXED USE
APN
24-3 01-0-0032-B
UPID
US87-0577663
Jurisdiction
JAMES CITY
Zoning & alternative use
MU MIXED USE · Williamsburg, VAZoning MU MIXED USE · permitted uses
MU MIXED USE · Williamsburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
3
Lot
21.97 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MU MIXED USE
Jurisdiction
Williamsburg, VA
Recorded code
MU MIXED USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU MIXED USE in Williamsburg, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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