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    Richmond Tappahannock Hwy King William, VA 23009
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    Richmond Tappahannock Hwy, King William, VA 23009

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    • Land

    Property Details for 0 Richmond Tappahannock Hwy

    Property type
    Land

    Description

    This exceptional 15.96-acre commercial land parcel presents a prime investment opportunity in Aylett, Virginia. Located in King William County, on Richmond Tappahannock Highway (address TBD), this property boasts a highly desirable B-2 zoning designation, allowing for a wide range of commercial development possibilities. Existing infrastructure is already in place, including a deceleration lane and a well-established entrance, ensuring convenient access for businesses and customers. The property's strategic location along the county's main thoroughfare guarantees exceptional visibility and accessibility. Its adjacency to the King William Fire Department and Rescue Squad provides an added layer of security and community presence. The approved B-2 zoning simplifies the development process, minimizing potential delays and streamlining the path to construction. This is a rare opportunity to acquire a substantial commercial land tract in a thriving area with significant growth potential. The asking price is $599,000. The property's zip code is 23009. Detailed site plans and zoning information are available upon request. This location offers excellent visibility and accessibility for any commercial venture. Don't miss this chance to secure a prime piece of commercial real estate in King William County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    King William
    County
    King William
    State
    Virginia
    Longitude
    -77.1264
    Latitude
    37.7547

    Comparable in this City

    • Value Estimation by Request
      1.66 Acres

      Venter Rd & Richmond Tappahannock Hwy

      Land
      0 Venter Rd & Richmond Tappahannock Hwy, Aylett, VA 23009
      View Details
    • Value Estimation by Request
      2,738 SF

      4861 Richmond Tappahannock Hwy

      COMMERCIAL (GENERAL)
      4861 Richmond Tappahannock Hwy, Aylett, VA 23009
      View Details
    • Value Estimation by Request

      Aylett, VA 23009

      COMMERCIAL MISC
      Aylett, VA 23009
      View Details
    • Value Estimation by Request
      1,116 SF

      1438 Manfield Rd

      VACANT COMMERCIAL LAND
      1438 Manfield Rd, Aylett, VA 23009
      View Details
    • Value Estimation by Request
      1.26 Acres

      7753 Richmond Tappahannock Hwy

      VACANT COMMERCIAL LAND
      7753 Richmond Tappahannock Hwy, Aylett, VA 23009-3020
      View Details
    • Value Estimation
      $535,000
      4,814 SF

      11 Epworth Rd

      VACANT COMMERCIAL LAND
      11 Epworth Rd, Aylett, VA 23009-2508
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Vacant Lot For Sale

      Corner vacant lot available, 15 minutes from I-295.
      Venter Rd, Aylett, VA 23009
      View Details
    • $696,000
      7.99 Acres

      Prime Aylett Commercial Land

      High-traffic Rt 30 location, 8 acres.
      King William Hyway Rt 30 Rd, Aylett, VA 23009
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    • Contact for pricing

      Commercial Parcel in King William

      Commercial land for sale in King William County, Virginia.
      Venter Rd & Richmond Tappahannock Hwy, Aylett, VA 23009
      View Details
    • Contact for pricing

      Industrial Property in Aylett, VA

      Industrial property for sale in Aylett, Virginia.
      6711 Richmond Tappahannock Hwy, Aylett, VA 23009
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Office Space in Aylett, VA

      1500 sq ft office space with open floor plan.
      779 Anne Ln, Aylett, VA 23009
      View Details
    • Contact for pricing
      9,000 SF

      Warehouse/Retail Space For Lease

      9,000± SF warehouse/retail space for lease on 2.3± AC.
      5098 Richmond Tappahannock Hwy, Aylett, VA 23009
      View Details
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    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.

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