Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    301 Ashby Park Dr Williamsburg, VA 23188
    Back to Search
    Property profile & analytics

    301 Ashby Park Dr, Williamsburg, VA 23188

    View on Map
    • Land
    • 3.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 301 Ashby Park Dr

    Lot size
    3.25 lot acres
    Property type
    Land

    Description

    This exceptional commercial land parcel, located at 301 Ashby Park Dr, Williamsburg, VA 23188, presents a unique investment opportunity in York County. The property, identified as the INTERNATIONAL CENTER, encompasses a substantial area ranging from 3.25 to 4.87 acres. Zoned for commercial use, this site offers significant potential for a variety of development projects. The asking price is $1,339,250, translating to an attractive price per acre of $275,000. Situated in the thriving Williamsburg area, this location benefits from excellent visibility and accessibility, making it an ideal choice for businesses seeking a strategic presence in a dynamic market. The property's size and prime location provide ample space for construction and development, catering to a wide range of commercial ventures. Detailed site plans and zoning information are readily available upon request. This is a rare opportunity to acquire a significant commercial land holding in a highly desirable location. Don't miss out on this chance to secure a valuable asset in a growing market. Serious inquiries only. Contact us today to learn more about this exceptional property and its development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    York
    State
    Virginia
    Longitude
    -76.731
    Latitude
    37.3329

    Comparable in this City

    • Value Estimation by Request
      1.54 Acres

      7829 Richmond Rd

      Land
      7829 Richmond Rd, Williamsburg, VA 23188
      View Details
    • Value Estimation by Request
      0.09 Acres

      3905 Ironbound Rd

      Land
      3905 Ironbound Rd, Williamsburg, VA 23188
      View Details
    • Value Estimation by Request
      8,008 SF

      502 Strawberry Plains Rd

      Land
      502 Strawberry Plains Rd, Williamsburg, VA 23188
      View Details
    • Value Estimation by Request

      5242 Old Towne Rd

      Land
      5242 Old Towne Rd, Williamsburg, VA 23188
      View Details
    • Value Estimation by Request
      4.16 Acres

      4392 Rochambeau Dr

      Land
      4392 Rochambeau Dr, Williamsburg, VA 23188
      View Details
    • Value Estimation by Request
      0.90 Acres

      101 Kelton Sta

      Land
      101 Kelton Sta, Williamsburg, VA 23188
      View Details

    Similar Nearby for Sale

    • $314,000
      Pending

      Wooded Land in Williamsburg, VA

      10.5-acre wooded lot near Williamsburg with convenient access.
      8812 Croaker Rd, Williamsburg, VA 23188
      View Details
    • New
      $129,000
      14.18 Acres

      Wooded Acreage in James City

      14+ acres of wooded land in Williamsburg, Virginia.
      4450 Ware Creek Rd, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Land for Sale

      Land available for purchase in Williamsburg.
      201 Ashby Park Dr, Williamsburg, VA 23188
      View Details
    • $109,950

      Land for Sale

      Land available in Williamsburg, Virginia.
      105 Shirley Dr, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Land For Sale Williamsburg

      Land available for sale in Williamsburg, Virginia.
      512 Lightfoot Rd, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Land for Sale Williamsburg

      Land available for sale in Williamsburg, Virginia.
      153 Shinnecock, Williamsburg, VA 23188
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,207 SF

      Retail Space in Williamsburg, VA

      Retail space available at a prominent intersection in Williamsburg.
      5134 Main St, Williamsburg, VA 23188
      View Details
    • Contact for pricing
      1,500 SF

      Flex Space with Retail Frontage

      Flex space with retail frontage and warehouse in the rear.
      5810 Mooretown Rd, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      New Construction Flex/Industrial Units

      New construction flex/light industrial units for lease.
      136 Tewning Rd, Williamsburg, VA 23188
      View Details
    • Contact for pricing
      800 SF

      New Town Office Suites Available

      Professional office suites for lease in a prime location.
      5360 Discovery Park Blvd, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Marketplace Shoppes Retail Space

      Retail spaces available in established shopping district.
      4655 Monticello Ave, Williamsburg, VA 23188
      View Details
    • Contact for pricing
      1,796 SF

      Retail Space in Williamsburg, VA

      Retail space available at a prominent intersection in Williamsburg.
      1101-1119 Center St, Williamsburg, VA 23188
      View Details
    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.
    301 Ashby Park Dr
    Williamsburg, VA 23188
    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
    301 Ashby Park Dr, Williamsburg, VA, 23188
    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!