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    Property profile & analytics

    114 Commerce Park Dr Manquin, VA 23106-2573

    • Commercial real estate
    • 5,000 SF
    • 3.02 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US87-1399423
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Restoration Specialists Of Virginia / Water Damage Restoration Service / Fire Damage Restoration Service
    • Cycle Machine LLC / Machine Shop

    Property Details for 114 Commerce Park Dr

    Year built
    2004
    Lot size
    3.02 lot acres
    Property size
    5,000 SF
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    34 1 9
    APU
    3419

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $195,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $190,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $165,000
      Mixed-Use
      $170,000
      Hospitality
      $190,000
      Educational
      $220,000
      Residential Income
      $220,000
      Energy
      $215,000
      Income-Based Land
      $165,000
      Food Service
      $160,000

    Location Insight

    • Map
    • Local Demand
    City
    Manquin
    County
    King William
    State
    Virginia
    Longitude
    -77.1595
    Latitude
    37.7004
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,122
    $151,000
    $732,100
    $883,100
    -
    $151,000
    $732,100
    $883,100

    Comparable in this City

    • Value Estimation by Request
      1.16 Acres

      Richmond Tappahannock Hyway Cir

      Commercial real estate • 1.16 Acres
      Richmond Tappahannock Hyway Cir, Manquin, VA 23106
      View Details
    • Value Estimation
      $640,000
      30,724 SF

      109 Cmns Park Cir

      COMMERCIAL (GENERAL) • 30,724 SF
      109 Cmns Park Cir, Manquin, VA 23106-2569
      View Details
    • Value Estimation
      $385,000
      6,742 SF

      4225 Richmond Tappahannock H H

      COMMERCIAL (GENERAL) • 6,742 SF
      4225 Richmond Tappahannock H H, Manquin, VA 23106
      View Details
    • Value Estimation
      $470,000
      9,000 SF

      1142 Richmond Tappahannock Hwy

      COMMERCIAL (GENERAL) • 9,000 SF
      1142 Richmond Tappahannock Hwy, Manquin, VA 23106-2558
      View Details
    • Value Estimation
      $520,000
      12,840 SF

      625 Richmond Tappahannock Hwyh

      COMMERCIAL (GENERAL) • 12,840 SF
      625 Richmond Tappahannock Hwyh, Manquin, VA 23106-2510
      View Details
    • Value Estimation
      $355,000
      5,800 SF

      121 Commerce Park Dr

      COMMERCIAL (GENERAL) • 5,800 SF
      121 Commerce Park Dr, Manquin, VA 23106
      View Details

    Similar Nearby for Sale

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    • Contact for pricing

      FAA Ready Hangar For Sale

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    114 Commerce Park Dr
    Manquin, VA 23106-2573
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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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