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

    1430 High St, Unit 5 Williamsburg, VA 23185-2867

    • Community centers
    • 8,635 SF
    OFF-MARKET
    Last Sale
    Oct 25, 2024
    $8,950,000
    Value Estimations
    $8,950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1355858
    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

    • Tipsy Beans Café / Brunch Restaurant / Breakfast Restaurant
    • Aticha Thai Cuisine / Thai Restaurant
    • Virginia Gazette / Newspaper Publisher
    • The Shops at High Street / Shopping Mall
    • Coldwell Banker NOW Karen Hibbard / Real Estate Agent

    Property Details for 1430 High St

    Year built
    2009
    Property size
    8,635 SF
    Zone code
    ED-2 (ECONOMIC DEVELOPMEN
    Property type
    Community centers
    APN
    3310.233.513
    APU
    3310233513

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,950,000
      ML approach
      $8,950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg City
    State
    Virginia
    Longitude
    -76.725
    Latitude
    37.2887
    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
    2023
    $14,724
    $565,200
    $1,809,600
    $2,374,800
    -
    $565,200
    $1,809,600
    $2,374,800

    Comparable in this City

    • Value Estimation
      $8,950,000
      17,640 SF

      1430 High St, Unit 7

      MINI-MALL • 17,640 SF
      1430 High St, Williamsburg, VA 23185-2867
      View Details
    • Value Estimation
      $385,000
      6,663 SF

      1220 Richmond Rd

      MINI-MALL • 6,663 SF
      1220 Richmond Rd, Williamsburg, VA 23185-2862
      View Details
    • Value Estimation
      $825,000
      24,522 SF

      3044 Richmond Rd

      MINI-MALL • 24,522 SF
      3044 Richmond Rd, Williamsburg, VA 23185-2013
      View Details
    • Value Estimation
      $1,040,000
      67,538 SF

      220 Monticello Ave

      MINI-MALL • 67,538 SF
      220 Monticello Ave, Williamsburg, VA 23185-2815
      View Details
    • Value Estimation
      $3,140,000
      14,725 SF

      1430 High St, Unit 11

      MINI-MALL • 14,725 SF
      1430 High St, Williamsburg, VA 23185-2867
      View Details
    • Value Estimation
      $750,000
      7,600 SF

      1430 High St, Unit 2B

      MINI-MALL • 7,600 SF
      1430 High St, Williamsburg, VA 23185-2867
      View Details

    Similar Nearby for Sale

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      1,640 SF

      Retail Space Near I-64

      Retail spaces available near I-64 and Richmond Rd (Route 60).
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      Retail Space with Redevelopment Underway

      Retail spaces available in a shopping center undergoing renovation.
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      Retail Space with Redevelopment Underway

      Retail spaces available in renovated shopping center near I-64.
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      Williamsburg Retail Land - $850K

      Prime 1.15-acre retail lot, high traffic area.
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      Williamsburg Gas Station NNN Lease

      Stable cash flow asset with zero landlord responsibilities.
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      Prime Williamsburg Restaurant Space

      8,393 SF Restaurant, 2 Acres, VA
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    Similar Nearby for Lease

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      Retail Space in Williamsburg Center

      Retail space available in shopping center anchored by Harris Teeter.
      1470 Quarterpath Rd, Williamsburg, VA 23185
      View Details
    • $28 SF/Yr
      1,870 SF

      Retail Center Anchored by Harris Teeter

      86,000 SF retail center with diverse tenant mix.
      14802 Quarterpath Rd, Williamsburg, VA 23185
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      2,530 SF

      Retail Space in Edge District

      Retail space in historic district near major attractions.
      707 Merrimac Trl, Williamsburg, VA 23185
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      5,808 SF

      Mixed-Use Asset in Williamsburg, Virginia

      Premier shopping centers integrated into Midtown Row development.
      1242 Richmond Rd, Williamsburg, VA 23185
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    • Contact for pricing
      14,920 SF

      Colonial Williamsburg Retail and Office

      Premier retail and office space in historic Merchants Square.
      134 N Henry St, Williamsburg, VA 23185
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    • Contact for pricing

      Renovated Shopping Center in Williamsburg

      Newly renovated shopping center with spaces available in Williamsburg, VA.
      118 Waller Mill Rd, Williamsburg, VA 23185
      View Details
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    Williamsburg, VA 23185-2867
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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.

    More about this property
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