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    Property profile & analytics

    1700 Old Williamsburg Rd Sandston, VA 23150-1854

    • Warehouses
    • 9,913 SF
    • 3.60 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0840533
    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

    • Evans Construction, Inc. / Construction Company / General Contractor
    • Dream Free Media, Inc. / Film Production / Television Studio
    • Paragon Defenders, Inc. / Auto Repair Shop

    Property Details for 1700 Old Williamsburg Rd

    Year built
    1984
    Lot size
    3.60 lot acres
    Property size
    9,913 SF
    Zone code
    MIXE
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    836-715-5491
    APU
    8367155491

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $850,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandston
    County
    Henrico
    State
    Virginia
    Longitude
    -77.2805
    Latitude
    37.522
    CBSA code
    40060
    CBSA name
    RICHMOND, VA 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
    $7,467
    $162,000
    $689,500
    $851,500
    -
    $162,000
    $689,500
    $851,500

    Comparable in this City

    • Value Estimation
      $2,395,000
      38,150 SF

      5732 Williamsburg Rd

      MINI-WAREHOUSE, STORAGE • 38,150 SF
      5732 Williamsburg Rd, Sandston, VA 23150
      View Details
    • Value Estimation
      $4,030,000
      53,530 SF

      520 Williamsburg Rd

      MINI-WAREHOUSE, STORAGE • 53,530 SF
      520 Williamsburg Rd, Sandston, VA 23150-1461
      View Details
    • Value Estimation
      $23,835,000
      322,000 SF

      5700 Audubon Dr

      MINI-WAREHOUSE, STORAGE • 322,000 SF
      5700 Audubon Dr, Sandston, VA 23150-1300
      View Details
    • Value Estimation
      $10,950,000
      179,359 SF

      5501 Corrugated Rd

      MINI-WAREHOUSE, STORAGE • 179,359 SF
      5501 Corrugated Rd, Sandston, VA 23150-1977
      View Details
    • Value Estimation
      $24,585,000
      345,600 SF

      4000 Technology Ct

      MINI-WAREHOUSE, STORAGE • 345,600 SF
      4000 Technology Ct, Sandston, VA 23150-5018
      View Details
    • Value Estimation
      $7,420,000
      183,936 SF

      5640 Lewis Rd

      MINI-WAREHOUSE, STORAGE • 183,936 SF
      5640 Lewis Rd, Sandston, VA 23150-2405
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,984 SF

      Mixed-Use Investment Opportunity

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      13,984 SF

      Mixed-Use Portfolio Near Airport

      Office, retail, and warehouse spaces near Richmond International Airport.
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    • $1,650,000
      5.81 Acres

      Sandston Industrial Mixed-Use Property

      Prime 5.81-acre lot, 7,648 SF building.
      3820 Old Williamsburg Rd, Sandston, VA 23150
      View Details
    • Contact for pricing
      7,648 SF

      Industrial Property in Sandston, VA

      7,648 SF industrial property available for purchase.
      3820 Old Williamsburg Rd, Sandston, VA 23150
      View Details
    • $475,000
      2.30 Acres

      Commercial Lot in Sandston, VA

      Commercial lot with road frontage and business zoning.
      5501 Whiteside Rd, Sandston, VA 23150
      View Details
    • $65,000
      Pending

      Land Parcel in Sandston, VA

      3.247 acre land parcel for sale in Sandston, VA.
      2368 Old Hanover Rd, Sandston, VA 23150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      Sandston Warehouse with I-64 Access

      60,000 SF warehouse with immediate I-64 access.
      540 Eastpark Ct, Sandston, VA 23150
      View Details
    • Contact for pricing
      125,000 SF

      Warehouse Space in White Oak

      125,000 SF warehouse with ample parking in Sandston, VA.
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    • Contact for pricing
      6,000 SF

      Warehouse/Flex Space For Lease

      6,000 SF warehouse/flex space available for lease January 2025.
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    • Contact for pricing
      28,800 SF

      Industrial Space in Sandston

      28,800 SF industrial property available for rent.
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    • Contact for pricing
      231 SF

      Modern Office Building For Rent

      Single-story office building in Henrico County, close to major interstates.
      3991 E Williamsburg Rd, Sandston, VA 23150
      View Details
    • Contact for pricing
      154,659 SF

      Sandston Cold Storage Freezer Space

      154,659 SF cold storage freezer space available for rent.
      5501 Corrugated Rd, Sandston, VA 23150
      View Details
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    1700 Old Williamsburg Rd
    Sandston, VA 23150-1854
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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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