Technical
Financial
Distress signals
Property profile

1012 Richmond Rd Williamsburg, VA 23185

OFF-MARKET
Retail space
Property ID
US87-3248663
3,300 SF 0.23 ac lot Built 1940
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a renovated mixed-use building offering up to 3,300 square feet that can be configured for retail or office use. It includes a roll-up door, and the space is situated within walking distance of William & Mary’s main campus, the football stadium, and the majority of nearby student housing. The location is approximately just under one mile from Colonial Williamsburg and within about five miles of regional attractions such as Jamestown, Yorktown, Busch Gardens, and Water Country USA.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Total area 3,300 SF
Lot 0.23 ac (9,801 SF)
Zoning code LB-2 (LIMITED BUSINESS NE
APN 3012.313.287
UPID US87-3248663

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
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Location

1012 Richmond Rd Williamsburg, VA 23185-2824
Williamsburg metro Census 370300 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2021
Last sale
$500,000
2 recorded transactions
2021
$500,000
2012
$460,000

Zoning & alternative use

LB-2 (LIMITED BUSINESS NE · Williamsburg, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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