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Property profile & analytics
OFF-MARKET
Commercial land
136 Tewning Rd Williamsburg, VA 23188-2640
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-1441631
Property summary
AI-generated overview
This exceptional 8,700-square-foot flex/light industrial building in Williamsburg, Virginia, offers multiple suites for lease. Constructed in 2022, the two-story structure features six individual units ranging from 800 to 3,450 contiguous square feet. The largest contiguous space available is 2,400 square feet. Each unit boasts a storefront entrance and a convenient rear roll-up door, providing excellent accessibility for loading and unloading. The property is zoned M-1 Light Industrial, allowing for a wide array of commercial and manufacturing uses. Turnkey build-to-suit options are available for qualified tenants seeking customized spaces. This prime location offers easy access to New Town, Route 199, and downtown Williamsburg, ensuring convenient transportation and excellent visibility. The rental rate is $12.00 per square foot, with tenants responsible for utilities. Two spaces are currently available. The building's address is 136 Tewning Road, Williamsburg, VA 23188.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1 ac (43,560 SF)
Zoning code
M1 LIMITED BUSINESS/INDUS
APN
39-1 01-0-0013
UPID
US87-1441631
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
136 Tr LLC · 1 yrs held
136 Tr LLC
since 2024
4 recorded transactions
Zoning & alternative use
M1 LIMITED BUSINESS/INDUS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$1,060
Tax year 2019
Assessed value
$126,200
Assessed 2023
Previous assessed
$126,200
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$126,200
Land market value
$126,200
Total market value
$126,200
Applied tax rate
4.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1 ac (43,560 SF)
Zoning code
M1 LIMITED BUSINESS/INDUS
APN
39-1 01-0-0013
UPID
US87-1441631
Jurisdiction
JAMES CITY
Zoning & alternative use
M1 LIMITED BUSINESS/INDUS · Williamsburg, VAZoning M1 LIMITED BUSINESS/INDUS · permitted uses
M1 LIMITED BUSINESS/INDUS · Williamsburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
136 Tr LLC
Entity
Free & Clear · 1 yrs held
Mailing address
116 TEWNING RD, WILLIAMSBURG, VA 23188-2640
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
—
136 Tr LLC
—
Deed
related
$500,000 · Chesapeake Bank
Sep 3, 2024
—
136 Tr LLC
Af Ross LLC
Special Warranty Deed
—
Aug 21, 2018
$145,000
Af Ross LLC
136 Hldgs LLC
Warranty Deed
—
Jul 26, 2017
$125,000
136 Holdings LLC
Charles N Hall
Warranty Deed
related
$93,000 · Chesapeake Bk
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.
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