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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1691 Merrimac Trl Williamsburg, VA 23185-5624
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US87-1269987
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1981
Total area
2,485 SF
Lot
0.41 ac (17,860 SF)
Zoning code
GENERAL BUSINESS
APN
H12A-0983-2686
UPID
US87-1269987
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Valero Gas Station
-
bp Car Wash
-
Kwik Out Grocery & Convenience Store
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Amazon Locker - Blast Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Merrimac K And B INC · 10 yrs held
Merrimac K And B INC
since 2015
3 recorded transactions
Zoning & alternative use
GENERAL BUSINESS · Williamsburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Williamsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,048
Tax year 2024
Assessed value
$682,200
Assessed 2024
Previous assessed
$619,000
+10.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$307,200
Assessed improvement
$375,000
Land market value
$307,200
Improvement market value
$375,000
Total market value
$682,200
Applied tax rate
5,104,150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1981
Heating
GAS
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,485 SF
Lot
0.41 ac (17,860 SF)
Zoning code
GENERAL BUSINESS
APN
H12A-0983-2686
UPID
US87-1269987
Jurisdiction
YORK
Zoning & alternative use
GENERAL BUSINESS · Williamsburg, VA
Zoning GENERAL BUSINESS · permitted uses
GENERAL BUSINESS · Williamsburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
GAS
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Merrimac K And B INC
Entity
Mailing address
PO BOX 138, TOWNSEND, VA 23443-0138
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2015
$485,000
Merrimac K And B INC
7-eleven INC
Special Warranty Deed
$435,000 · Shore Bank
Jul 11, 2011
$300,000
7-eleven INC
Bishop Properties LLC
Grant Deed
related
—
—
—
Merrimac K & B
—
Deed Of Trust
related
$200,000 · Private Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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