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Property profile & analytics
FOR LEASE
Office Spaces
1215 S Mount Vernon Ave Williamsburg, VA 23185
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-2734332
For Lease
1 / 2
$12 SF/Yr
1215 S Mount Vernon Ave, Williamsburg, VA 23185
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1989
Total area
1,512 SF
Lot
0.07 ac (3,049 SF)
Zoning code
B-3 (GENERAL BUSINESS)
APN
2911.369.944
UPID
US87-2734332
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Room Escape Williamsburg Arcade & Gaming Center
-
Bleakley Financial Group Tidewater Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Ch Oceanside LLC · 4 yrs held
Ch Oceanside LLC
since 2022
Last sale
$1.7M
1 recorded transaction
Zoning & alternative use
B-3 (GENERAL BUSINESS) · Williamsburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Williamsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,625,000
ML approach
$1,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10% · vs last sale $1.68M (Jan 10 2022)
Last sale anchor
$1.68M
Jan 10 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,114 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,957
Tax year 2023
Assessed value
$315,700
Assessed 2023
Previous assessed
$300,500
+5.1% YoY
Effective rate
0.62%
On assessed value
Assessed land
$54,700
Assessed improvement
$261,000
Land market value
$54,700
Improvement market value
$261,000
Total market value
$315,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,512 SF
Lot
0.07 ac (3,049 SF)
Zoning code
B-3 (GENERAL BUSINESS)
APN
2911.369.944
UPID
US87-2734332
Jurisdiction
WILLIAMSBURG CITY
Zoning & alternative use
B-3 (GENERAL BUSINESS) · Williamsburg, VA
Zoning B-3 (GENERAL BUSINESS) · permitted uses
B-3 (GENERAL BUSINESS) · Williamsburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Ch Oceanside LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5481 US HWY 31ST S, CHARLEVOIX, MI 49720-8919
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$1,682,759
Ch Oceanside LLC
1215 Mount Vernon LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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