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    501 Village Ave Yorktown, VA 23693

    For Sale
    $3,200,000

    Class A Office, 24,474 SF, Ample Parking

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 24,474 square foot Class A office building presents a compelling investment opportunity in the desirable Yorktown, Virginia market. Constructed in 2008, the property boasts a prime location on 1.91 acres of land at 501 Village Avenue, zip code 23693, offering convenient access to major transportation arteries. The building features 82 parking spaces, ensuring ample accommodation for tenants and visitors. Its strategic location provides easy access to Interstate 64 via Victory Boulevard, a key thoroughfare connecting Newport News and Poquoson to Yorktown. This presents a significant advantage for businesses seeking convenient commutes and accessibility for clients. The building's modern design and substantial size make it ideal for a variety of commercial uses, offering significant potential for rental income and long-term appreciation. The asking price for this exceptional property is $3,200,000. This represents a rare opportunity to acquire a high-quality, well-located office building in a thriving market. Serious inquiries are encouraged.

    Property Features for 501 Village Ave

    General Information

    Property type
    Office Properties & Spaces
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Style By Design Beauty Salon Ellie Mental Health Mental Health Service Eagle Wealth Advisors, ... Financial Advisor Big Dog Media ... Marketing Agency Able Systems, Inc. Dry Wall Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown
    County
    York
    State
    Virginia
    Longitude
    -76.46742813
    Latitude
    37.11203061

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 24,474 SF, Ample Parking
    Where is this office property / space located?
    The property is located at 501 Village Ave Yorktown, VA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    Request Owner's contact information
    501 Village Ave Yorktown, VA 23693
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    Yorktown, VA 23693
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    Realmo Value Estimation

    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.

    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.

    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
    501 Village Ave Yorktown, VA 23693
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