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    18 Old Ml Rd Washington, VA 22747

    • Commercial real estate
    • 3.95 lot acres
    For Sale
    View listing
    $1,000,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 18 Old Ml Rd

    Year built
    1790
    Lot size
    3.95 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 18th-century grist mill, situated on nearly four acres in the charming, historic village of Little Washington, Virginia, presents a unique commercial opportunity. The property boasts a remarkably well-preserved structure, showcasing stunning stonework and a spacious interior. Previous owners have invested significant resources in preparing the mill for adaptive reuse, developing preliminary concepts and plans for various commercial applications. The property's layout offers flexibility. The western portion of the land is well-suited for new construction, providing ample space for parking and a convenient entrance. The eastern portion features the renovated mill building itself, along with attractive outdoor areas ideal for various uses. The picturesque riverfront setting, complete with nearby stone outcroppings, creates a captivating backdrop for events or gatherings. The mill's solid structure and expansive interior offer considerable potential for a variety of commercial ventures. This is a rare opportunity to acquire a piece of history with significant commercial development potential in a highly desirable location. The property is listed at $1,000,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Rappahannock
    State
    Virginia
    Longitude
    -78.1521
    Latitude
    38.7128

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    18 Old Ml Rd
    Washington, VA 22747
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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
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