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    121 Grafton Station Ln Yorktown, VA 23692
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    Property profile & analytics

    121 Grafton Station Ln, Yorktown, VA 23692

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    • Strip malls
    • 20,948 SF
    • 2.03 lot acres
    For Lease
    $610,000
    View Listing →
    Retail Space in Yorktown Center For Lease
    $610,000
    1,796 SF

    Retail Space in Yorktown Center

    Retail space available in shopping center with strong tenant mix.

    121 Grafton Station Ln, Yorktown, VA
    View Listing
    Property ID
    US87-0645089
    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.
    Value Estimations
    $610,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Asahi Japanese and Chinese Restaurant / Restaurant
    • Cinco De Mayo Mexican Restaurant / Restaurant
    • Dayton Wiese - State Farm Insurance Agent / Insurance Agency
    • Queens Cleaners / (Bike/Boat/Book/etc) Store
    • Elizabeth Skorupa / Alternative Medicine Practice

    Property Details for 121 Grafton Station Ln

    Year built
    1754
    Lot size
    2.03 lot acres
    Zone code
    GENERAL BUSINESS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    S06A-1874-3050
    APU
    S06A18743050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $587,000
      Market price range: $498k - $1.20M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $675,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown
    County
    York
    State
    Virginia
    Longitude
    -76.4616
    Latitude
    37.1595
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 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
    2024
    $18,455
    $818,100
    $1,675,800
    $2,493,900
    -
    $818,100
    $1,675,800
    $2,493,900

    Comparable in this City

    • Value Estimation by Request
      7,375 SF

      5315 George Washington Mem Hwy

      SHOPPING CENTER, STRIP CENTER
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      4433 George Washington Mem Hwy

      SHOPPING CENTER, STRIP CENTER
      4433 George Washington Mem Hwy, Yorktown, VA 23692-2883
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      2,245 SF

      101 Charlene Ct

      SHOPPING CENTER, STRIP CENTER
      101 Charlene Ct, Yorktown, VA 23692-2602
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      10,400 SF

      4740 George Washington Mem Hwy

      SHOPPING CENTER, STRIP CENTER
      4740 George Washington Mem Hwy, Yorktown, VA 23692-2512
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      6,240 SF

      5300 George Washington Mem Hwy

      SHOPPING CENTER, STRIP CENTER
      5300 George Washington Mem Hwy, Yorktown, VA 23692-2761
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    • Value Estimation by Request
      8,720 SF

      5906 George Washington Mem Hwy

      SHOPPING CENTER, STRIP CENTER
      5906 George Washington Mem Hwy, Yorktown, VA 23692-2181
      View Details

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      Retail building in Yorktown with expansion potential.
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      30,062 SF

      Retail Building with Patio

      30,062 SF building with a 25,764 SF patio.
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      Yorktown Commercial Land For Sale

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      Land with High Visibility Intersection

      Land with utilities and frontage on Route 17.
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      Yorktown Land Ready to Build

      3.29 acre lot with approved permits and house plans.
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    • New
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    Similar Nearby for Lease

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      8,720 SF

      Retail Strip Center on Route 17

      Retail spaces available in York County on George Washington Highway.
      5906 George Washington Memorial Hwy, Yorktown, VA 23692
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      750 SF

      Retail Space in Yorktown

      Retail space available with strong traffic and tenant mix.
      5336 George Washington Memorial Hwy, Yorktown, VA 23692
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      1,875 SF

      Retail Space in Yorktown Center

      Retail space available in shopping center with strong tenant mix.
      121 Grafton Station Ln, Yorktown, VA 23692
      View Details
    • Contact for pricing
      1,845 SF

      Retail Space in Yorktown

      Retail space available with strong traffic and tenant mix.
      5026 George Washington Mem Hwy, Yorktown, VA 23692
      View Details
    • Contact for pricing

      Retail Space in Yorktown Center

      Retail spaces and ground leases available in Yorktown, Virginia.
      Shopping Ctr, Yorktown, VA 23692
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space on George Washington Highway

      Retail space available in Yorktown with high traffic volume.
      4360 George Washington Memorial Hwy, Yorktown, VA 23692
      View Details
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    Yorktown, VA 23692
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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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