Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1601 Grn Mt Pkwy Williamsburg, VA 23185-6248
    Back to Search
    Property profile & analytics

    1601 Grn Mt Pkwy, Williamsburg, VA 23185-6248

    View on Map
    • Commercial real estate
    • 4,900 SF
    • 22.64 lot acres
    Off-Market
    Last Sale Feb 2, 2026
    $13,325,000
    Property ID
    US87-1753477
    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
    $11,165,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carter Machinery / (Bike/Boat/Book/etc) Store / Rental Equipment Company
    • Carter Rental | The Cat Rental Store Williamsburg / Construction Company

    Property Details for 1601 Grn Mt Pkwy

    Year built
    2009
    Lot size
    22.64 lot acres
    Zone code
    M2 GENERAL INDUSTRIAL
    Property type
    Commercial real estate
    APN
    60-1 02-0-0003-B
    APU
    6010200003B

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 2, 2026 $13,325,000 Mount Sinai Properties Williamsburg Waverton Imp 1 LLC Special Warranty Deed —
    May 14, 2021 $15,600,000 Waverton Imp1 LLC Mec Carter Properties LLC Special Warranty Deed $20.8M · Townebank
    Apr 26, 2007 $1,000,000 Mid Eastern Company L C Green Mount Associates LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,400,000
      ML approach
      $7,605,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    James City
    State
    Virginia
    Longitude
    -76.596
    Latitude
    37.2075
    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
    $43,793
    $396,400
    $4,817,000
    $5,213,400
    -
    $396,400
    $4,817,000
    $5,213,400

    Comparable in this City

    • Value Estimation
      $615,000
      77.15 Acres

      10 Gray Gables Dr

      COMMERCIAL (GENERAL)
      10 Gray Gables Dr, Williamsburg, VA 23185-6146
      View Details
    • Value Estimation by Request
      0.02 Acres

      4459 John Tyler Hwy

      COMMERCIAL (GENERAL)
      4459 John Tyler Hwy, Williamsburg, VA 23185
      View Details
    • Value Estimation by Request

      101 Mounts Bay Rdl

      COMMERCIAL (GENERAL)
      101 Mounts Bay Rdl, Williamsburg, VA 23185-6569
      View Details
    • Value Estimation
      $11,980,000
      56,544 SF

      Sterling Mnr Dr

      COMMERCIAL (GENERAL)
      Sterling Mnr Dr, Williamsburg, VA 23185
      View Details
    • Value Estimation by Request
      853 SF

      354 Mclaws Cir Ste, Unit 1

      COMMERCIAL (GENERAL)
      354 Mclaws Cir Ste, Williamsburg, VA 23185-6346
      View Details
    • Value Estimation by Request
      1,152 SF

      1307 Jamestown Rd Ste, Unit 103

      COMMERCIAL (GENERAL)
      1307 Jamestown Rd Ste, Williamsburg, VA 23185-3381
      View Details

    Similar Nearby for Sale

    • $122,500
      0.01 Acres

      Williamsburg Office Space For Sale

      Updated Office Building, Prime Location
      1317 Jamestown Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Land Near Riverside Hospital

      1.96 acres near hospital and mixed-use development.
      7327 Pocahontas Trl, Williamsburg, VA 23185
      View Details
    • $1,300,000
      12.30 Acres

      Waterfront Estate Lot Opportunity

      12.3-acre waterfront estate lot near Colonial Williamsburg.
      1000 S England Cir, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      6,100 SF

      Restaurant Parcel on Richmond Road

      Second-generation restaurant parcel near Williamsburg Premium Outlet Mall.
      5509 Richmond Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,640 SF

      Retail Space Near I-64

      Retail spaces available near I-64 and Richmond Rd (Route 60).
      118-120 Waller Mill Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Strategically located commercial land with high traffic and commercial zoning.
      400 Whittakers Trce, Williamsburg, VA 23185
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Williamsburg Retail/Office Space Available

      Retail and office spaces available within Williamsburg City limits.
      312 Second St, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      3,024 SF

      Retail/Office Space in Williamsburg

      Two single-story buildings suitable for retail or office use.
      314 Second St, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      3,300 SF

      Renovated Retail/Office Space Available

      Newly renovated retail/office space near William & Mary campus.
      1012 Richmond Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Restaurant Space Near Best Western

      Turnkey restaurant space adjacent to Best Western in Williamsburg, Virginia.
      351 York St, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,209 SF

      Retail Space Near Kingsmill Resort

      Retail space located near residential and resort area.
      240 Mclaws Cir, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,160 SF

      Williamsburg Office Space For Lease

      Office spaces available in Williamsburg, ranging from 1,160 to 4,999 SF.
      460 Mclaws Cir, Williamsburg, VA 23185
      View Details
    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.
    1601 Grn Mt Pkwy
    Williamsburg, VA 23185-6248
    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

    Thank You for Inquiry
    1601 Grn Mt Pkwy, Williamsburg, VA, 23185
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!