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    Property profile & analytics

    1574 Penniman Rd Williamsburg, VA 23185-5821

    • Industrial properties
    • 32,439 SF
    • 9.41 lot acres
    OFF-MARKET
    Value Estimation
    $800,000
    Location Intelligence
    Property ID
    US87-0599261
    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

    • HomeTurf Landscapes / Landscaper / Swimming Pool Contractor
    • Mr. T Tire & Auto LLC / Tire Shop / Used Tire Shop
    • Environmental Rental Service / Truck Rental Agency

    Property Details for 1574 Penniman Rd

    Year built
    1995
    Lot size
    9.41 lot acres
    Property size
    32,439 SF
    Zone code
    LIMITED INDUSTRIAL
    Property type
    Industrial properties
    APN
    H14D-2832-1664
    APU
    H14D28321664

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $815,000

    • CAP approach

      CAP return
      Estimation
      6%
      $810,000
      6.5%
      $770,000
      7%
      $905,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $955,000
      Geo Method
      $995,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $960,000
      Retail
      $845,000
      Mixed-Use
      $700,000
      Hospitality
      $740,000
      Educational
      $810,000
      Residential Income
      $895,000
      Energy
      $770,000
      Income-Based Land
      $845,000
      Food Service
      $790,000

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    York
    State
    Virginia
    Longitude
    -76.6444
    Latitude
    37.2686
    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
    2024
    $12,572
    $277,700
    $1,421,200
    $1,698,900
    -
    $277,700
    $1,421,200
    $1,698,900

    Comparable in this City

    • Value Estimation by Request
      124,050 SF

      238 Alexander Lee Pkwy

      INDUSTRIAL (GENERAL) • 124,050 SF
      238 Alexander Lee Pkwy, Williamsburg, VA 23185
      View Details
    • Value Estimation
      $435,000
      7,200 SF

      1554 Penniman Rd

      INDUSTRIAL (GENERAL) • 7,200 SF
      1554 Penniman Rd, Williamsburg, VA 23185-5821
      View Details
    • Value Estimation by Request
      10,000 SF

      144 Stafford Ct

      INDUSTRIAL (GENERAL) • 10,000 SF
      144 Stafford Ct, Williamsburg, VA 23185-5862
      View Details
    • Value Estimation by Request
      0.52 Acres

      2007 Pocahontas Trl

      INDUSTRIAL (GENERAL) • 0.52 Acres
      2007 Pocahontas Trl, Williamsburg, VA 23185
      View Details
    • Value Estimation by Request
      12,800 SF

      323 Alexander Lee Pkwy

      INDUSTRIAL (GENERAL) • 12,800 SF
      323 Alexander Lee Pkwy, Williamsburg, VA 23185-5796
      View Details
    • Value Estimation
      $485,000
      27,000 SF

      1540 Penniman Rd

      INDUSTRIAL (GENERAL) • 27,000 SF
      1540 Penniman Rd, Williamsburg, VA 23185-5863
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      373,536 SF

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    • $12 SF/Yr
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    • Contact for pricing
      45,000 SF

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      View Details
    • $18 SF/Yr
      149,872 SF

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    • $12 SF/Yr
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      Williamsburg Office Space For Rent

      Office space for rent near Colonial Williamsburg and William & Mary.
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    • Contact for pricing

      Retail Space in Williamsburg Center

      Retail space available in shopping center anchored by Harris Teeter.
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      View Details
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    1574 Penniman Rd
    Williamsburg, VA 23185-5821
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    Realmo Value Estimation

    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.

    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.

    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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