Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    136 Tewning Rd Williamsburg, VA 23188

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    136 Tewning Rd Williamsburg, VA 23188

    View on Map
    • Commercial land
    • 1.00 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    New Construction Flex/Industrial Units For Lease
    $20 SF/Yr
    3,450 SF

    New Construction Flex/Industrial Units

    New construction flex/light industrial units for lease.

    136 Tewning Road, Williamsburg, VA 23188
    View Listing
    Property ID
    US87-1441631
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 136 Tewning Rd

    Lot size
    1.00 lot acres
    Zone code
    M1 LIMITED BUSINESS/INDUS
    Property type
    Commercial land
    APN
    39-1 01-0-0013
    APU
    3910100013

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    James City
    State
    Virginia
    Longitude
    -76.7377
    Latitude
    37.2864
    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
    2019
    $1,060
    $126,200
    $0.00
    $126,200
    -
    $126,200
    $0.00
    $126,200

    Comparable in this City

    • Value Estimation by Request
      0.30 Acres

      5131 Mooretown Rd

      VACANT COMMERCIAL LAND • 0.30 Acres
      5131 Mooretown Rd, Williamsburg, VA 23188-2116
      View Details
    • Value Estimation by Request
      0.14 Acres

      5499 Discovery Park Blvd

      VACANT COMMERCIAL LAND • 0.14 Acres
      5499 Discovery Park Blvd, Williamsburg, VA 23188-2862
      View Details
    • Value Estimation by Request
      0.10 Acres

      5404 Discovery Park Blvd

      VACANT COMMERCIAL LAND • 0.10 Acres
      5404 Discovery Park Blvd, Williamsburg, VA 23188-2862
      View Details
    • Value Estimation by Request
      0.23 Acres

      130 Ironbound Rd

      VACANT COMMERCIAL LAND • 0.23 Acres
      130 Ironbound Rd, Williamsburg, VA 23188-2616
      View Details
    • Value Estimation by Request
      7.97 Acres

      3951 Windsormeade Way

      VACANT COMMERCIAL LAND • 7.97 Acres
      3951 Windsormeade Way, Williamsburg, VA 23188-2791
      View Details
    • Value Estimation by Request
      1.28 Acres

      202 Oaktree Rd, Unit C

      VACANT COMMERCIAL LAND • 1.28 Acres
      202 Oaktree Rd, Williamsburg, VA 23188-2169
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Land Development Opportunity

      Highly visible land in Williamsburg's Lightfoot corridor.
      4505 Noland Blvd, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Commercial Land for Sale

      1.18 acre commercial land available for sale.
      610 Lightfoot Rd, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Retail Land in Williamsburg Corridor

      Highly visible retail land development opportunity in Williamsburg, Virginia.
      6940 Richmond Rd, Williamsburg, VA 23188
      View Details
    • $539,000

      Commercial Land on Richmond Road

      One-acre commercial land parcel on a major commuter corridor.
      7829 Richmond Rd, Williamsburg, VA 23188
      View Details
    • $692,000

      Prime Williamsburg Commercial Land Parcel

      Strategically located land parcel in Williamsburg's growing commercial corridor.
      6600 Mooretown Rd, Williamsburg, VA 23188
      View Details
    • $1,012,909

      Prime Williamsburg Investment Opportunity

      Strategically located land for land or office investment.
      6624 Mooretown Rd, Williamsburg, VA 23188
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Williamsburg Commercial Property For Rent

      Commercial property available for rent in Williamsburg, Virginia.
      3825 Rochambeau Dr, Williamsburg, VA 23188
      View Details
    • Contact for pricing
      2,840 SF

      Retail Space on Rte. 199

      Retail space with easy access and high visibility.
      3705 Strawberry Plains Rd, Williamsburg, VA 23188
      View Details
    • $28 SF/Yr
      1,000 SF

      Retail Space in Premier Center

      Retail space available in Williamsburg's premier shopping center.
      4600-4700 Monticello Ave, Williamsburg, VA 23188
      View Details
    • Contact for pricing
      1,796 SF

      Retail Space in Williamsburg, VA

      Retail space available at a prominent intersection in Williamsburg.
      1101-1119 Center St, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Marketplace Shoppes Retail Space

      Retail spaces available in established shopping district.
      4655 Monticello Ave, Williamsburg, VA 23188
      View Details
    • Contact for pricing

      Retail Space in Williamsburg

      Prime retail opportunities in Williamsburg's premier shopping destination.
      4801 Courthouse St, Williamsburg, VA 23188
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    136 Tewning Rd
    Williamsburg, VA 23188
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!