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    14871 Washington St Haymarket, VA 20169-2923
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    Property profile & analytics

    14871 Washington St Haymarket, VA 20169-2923

    View on Map
    • Grocery and convenience stores
    • 1,778 SF
    • 0.33 lot acres
    Off-Market
    Last Sale Sep 1, 2021
    Property ID
    US87-0594647
    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

    • Aroma II Tasting Room / Bar & Pub

    Property Details for 14871 Washington St

    Year built
    1954
    Lot size
    0.33 lot acres
    Property size
    1,778 SF
    Zone code
    VILLAGE (SIMILAR TO RPC)
    Property type
    Grocery and convenience stores
    APN
    7297-99-6053
    APU
    7297996053

    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
    Haymarket
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6343
    Latitude
    38.8109
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 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
    $4,418
    $171,600
    $272,600
    $444,200
    -
    $171,600
    $272,600
    $444,200

    Comparable in this City

    • Value Estimation
      $995,000
      3,050 SF

      4075 Sudley Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,050 SF
      4075 Sudley Rd, Haymarket, VA 20169-2480
      View Details
    • Value Estimation
      $1,430,000
      6,386 SF

      15315 Washington St

      CONVENIENCE STORE (W/FUEL PUMP) • 6,386 SF
      15315 Washington St, Haymarket, VA 20169-2990
      View Details
    • Value Estimation by Request
      5.95 Acres

      6701 Lea Berry Way

      Individual retail properties • 5.95 Acres
      6701 Lea Berry Way, Haymarket, VA 20169
      View Details
    • Value Estimation
      $755,000
      3,069 SF

      6606 James Madison Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,069 SF
      6606 James Madison Hwy, Haymarket, VA 20169
      View Details
    • Value Estimation by Request
      1,724 SF

      6710 Madison St

      RETAIL STORES (PERSONAL SERVICES) • 1,724 SF
      6710 Madison St, Haymarket, VA 20169-2915
      View Details
    • Value Estimation
      $22,925,000
      160,480 SF

      6530 Trading Sq

      APPLIANCE STORE • 160,480 SF
      6530 Trading Sq, Haymarket, VA 20169-2278
      View Details

    Similar Nearby for Sale

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      2,723 SF

      Redevelopment Opportunity in Haymarket, VA

      Zoned B-1 land suitable for retail and personal services.
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      Historic building, high growth area, investment opportunity.
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      2,695 SF

      Haymarket Commercial Lot Opportunity

      Prime commercial land in Haymarket with redevelopment potential.
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    • $699,000
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      Exceptional 10-acre lot perfect for a custom home.
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    Similar Nearby for Lease

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      30,000 SF

      Retail Space Near Major Anchors

      Retail opportunities near Highway 15 & Interstate 66.
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    • Contact for pricing
      2,000 SF

      Retail Space Near I-66

      Retail space available near Route 15 and I-66 interchange.
      15 & I-66 Rte, Haymarket, VA 20169
      View Details
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      3,872 SF

      Retail Space in Haymarket Center

      Neighborhood center anchored by Giant Food in Dominion Valley.
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      Prime Retail Location Near Highway

      Retail spaces and pad sites available near major highways.
      Rt 66 & 15, Haymarket, VA 20169
      View Details
    • Contact for pricing

      Haymarket Land For Lease

      Commercial land available for lease in Haymarket, Virginia.
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    Haymarket, VA 20169-2923
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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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