Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1800 Richmond Rd Williamsburg, VA 23185-2783

    • Commercial land
    • 2.69 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2611710
    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

    • Commercial land

    Property Details for 1800 Richmond Rd

    Lot size
    2.69 lot acres
    Zone code
    B-2 (CORRIDOR BUSINESS)
    Property type
    Commercial land
    APN
    3609.671.098
    APU
    3609671098

    Description

    This exceptional 2.6-acre property located at 1800 Richmond Road in Williamsburg, Virginia, presents a remarkable opportunity for hotel development or redevelopment. Situated in a prime Williamsburg location, the land is zoned B-2, offering significant potential for a variety of hospitality uses. The asking price for this strategically positioned parcel is $1,700,000. The substantial lot size provides ample space for a large-scale hotel project, allowing for extensive amenities and guest accommodations. The address is easily accessible from Richmond Road, ensuring high visibility and convenient access for guests. This property represents a rare chance to acquire a significant land holding in a thriving tourist destination. The existing zoning allows for a wide range of development possibilities, making it an attractive investment for experienced developers and hospitality entrepreneurs seeking to capitalize on the robust tourism market in Williamsburg, Virginia. The 23185 zip code further underscores the property's desirable location within the city. Detailed information regarding permitted uses under the B-2 zoning classification is readily available upon request. This is a truly unique opportunity to acquire a prime piece of real estate in a high-demand area. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg City
    State
    Virginia
    Longitude
    -76.7268
    Latitude
    37.2958
    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
    2023
    $9,158
    $1,477,100
    $0.00
    $1,477,100
    -
    $1,477,100
    $0.00
    $1,477,100

    Comparable in this City

    • Value Estimation by Request
      2.02 Acres

      1020 Capitol Lndg Rd

      VACANT COMMERCIAL LAND • 2.02 Acres
      1020 Capitol Lndg Rd, Williamsburg, VA 23185-4329
      View Details
    • Value Estimation by Request
      0.03 Acres

      110 Henry St

      VACANT COMMERCIAL LAND • 0.03 Acres
      110 Henry St, Williamsburg, VA 23185-4138
      View Details
    • Value Estimation by Request
      0.08 Acres

      312 Henry St

      VACANT COMMERCIAL LAND • 0.08 Acres
      312 Henry St, Williamsburg, VA 23185-4107
      View Details
    • Value Estimation by Request
      0.12 Acres

      422 Ireland St

      VACANT COMMERCIAL LAND • 0.12 Acres
      422 Ireland St, Williamsburg, VA 23185-4011
      View Details
    • Value Estimation by Request
      1.05 Acres

      1812 Jamestown Rd

      VACANT COMMERCIAL LAND • 1.05 Acres
      1812 Jamestown Rd, Williamsburg, VA 23185-2327
      View Details
    • Value Estimation by Request
      0.82 Acres

      1814 Jamestown Rd

      VACANT COMMERCIAL LAND • 0.82 Acres
      1814 Jamestown Rd, Williamsburg, VA 23185-2327
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      York County Land Opportunity

      33-acre commercial land near Water Country USA.
      200 Water Country Pkwy, Williamsburg, VA 23185
      View Details
    • $215,000
      6.00 Acres

      Wooded Acres in Williamsburg, VA

      Six acres of wooded land near Route 199.
      5009 John Tyler Hwy, 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
    • Contact for pricing

      Prime Commercial Land Available

      5.13 acre commercial land parcel with utilities available.
      804 Capitol Landing Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for purchase.
      2425 Pocahontas Trl, Williamsburg, VA 23185
      View Details
    • $500,000

      Richmond Road Commercial Land Available

      1.425-acre parcel on Richmond Road near Colonial Williamsburg.
      2800 Richmond Rd, Williamsburg, VA 23185
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Quarterpath Road Land for Lease

      Land available for lease on Quarterpath Road, Williamsburg, VA.
      1520 Quarterpath Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Williamsburg Commercial Land Lease

      0.71-acre lot, prime Williamsburg location.
      1911 Pocahontas Trl, Williamsburg, VA 23185
      View Details
    • $18 SF/Yr
      149,872 SF

      Williamsburg Retail Center

      Prime Williamsburg retail space, 12 suites available.
      5251 John Tyler Hwy, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,693 SF

      Williamsburg Office Space For Rent

      Office space for rent near Colonial Williamsburg and William & Mary.
      1215 S Mount Vernon Ave, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      373,536 SF

      Green Mount Logistics Center

      Class A Industrial Space Available
      1637 Green Mount Pkwy, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Retail Space in Williamsburg Center

      Retail space available in shopping center anchored by Harris Teeter.
      1470 Quarterpath Rd, 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.
    1800 Richmond Rd
    Williamsburg, VA 23185-2783
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!