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    209 Village Ave Yorktown, VA 23693
    Property profile & analytics

    209 Village Ave Yorktown, VA 23693

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    • Strip malls
    • 31,000 SF
    • 4.01 lot acres
    For Sale
    $12,000,000
    View Listing →
    Fully Occupied Retail Center For Sale
    $12,000,000
    42,255 SF

    Fully Occupied Retail Center

    Three-building retail center anchored by Riverside Health System.

    209 Village Ave, Yorktown, VA 23693
    View Listing
    Property ID
    US87-0367172
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yamachen Sushi / Restaurant
    • Riverside Primary Care Kiln Creek / Medical Clinic
    • Beverly Anne Brown / Physician
    • Leelawattie Bisnauth / Physician
    • 1st Franklin Financial / Bank / Credit Union

    Property Details for 209 Village Ave

    Year built
    1999
    Lot size
    4.01 lot acres
    Property size
    31,000 SF
    Zone code
    GENERAL BUSINESS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    S03C-1717-1508
    APU
    S03C17171508

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,460,000
      ML approach
      $7,745,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,090,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown
    County
    York
    State
    Virginia
    Longitude
    -76.4634
    Latitude
    37.1141
    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
    $38,493
    $1,193,700
    $4,008,000
    $5,201,700
    -
    $1,193,700
    $4,008,000
    $5,201,700

    Comparable in this City

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      11,817 SF

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    • Value Estimation
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      9,480 SF

      119 Vlg Ave

      SHOPPING CENTER, STRIP CENTER • 9,480 SF
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    • Value Estimation by Request
      1,166 SF

      1700 George Washington Mem Hwy

      SHOPPING CENTER, STRIP CENTER • 1,166 SF
      1700 George Washington Mem Hwy, Yorktown, VA 23693-4315
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    • Value Estimation by Request
      8,100 SF

      1213 George Washington Mem Hwy

      SHOPPING CENTER, STRIP CENTER • 8,100 SF
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    • Value Estimation by Request
      1.52 Acres

      5003 Victory Blvd, Unit B

      SHOPPING CENTER, STRIP CENTER • 1.52 Acres
      5003 Victory Blvd, Yorktown, VA 23693-5601
      View Details
    • Value Estimation
      $1,575,000
      41,815 SF

      500 Vlg Ave

      SHOPPING CENTER, STRIP CENTER • 41,815 SF
      500 Vlg Ave, Yorktown, VA 23693
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,255 SF

      Fully Occupied Retail Center

      Three-building retail center anchored by Riverside Health System.
      209 Village Ave, Yorktown, VA 23693
      View Details
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      43,000 SF

      Colonial Style Multi-Tenant Office

      Two-story office building on 2.11 acres with frontage.
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      18,000 SF

      Versatile Property on High-Traffic Route

      2.20 acre property suitable for automotive sales and service.
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      3,333 SF

      Former Bank Branch For Sale

      Former bank branch with drive-through and signage opportunities.
      201 Kiln Creek Pkwy, Yorktown, VA 23693
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      Yorktown Land For Sale

      Land available for sale in Yorktown, Virginia.
      1920 George Washington Mem Hwy, Yorktown, VA 23693
      View Details
    • $150,000
      3.93 Acres

      Yorktown, VA Land Available

      3.93 acre commercial land for sale in Yorktown, VA.
      132 Kirby Ln, Yorktown, VA 23693
      View Details

    Similar Nearby for Lease

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      1,400 SF

      Retail Space in Village Square

      Retail space for lease in Yorktown's Village Square.
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      1,750 SF

      Yorktown Retail Space Available

      Retail space available for lease in Yorktown, Virginia.
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      2,400 SF

      Yorktown Retail Space Available

      Retail space available for lease in Yorktown, Virginia.
      3301 Hampton Hwy, Yorktown, VA 23693
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      Commerce Circle Property For Rent

      Commercial property available for lease in Yorktown, Virginia.
      200 Commerce Cir, Yorktown, VA 23693
      View Details
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      2,893 SF

      Lakefront Class A Office Building

      Class A office building with lakefront views and ample parking.
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    View Listing
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    Yorktown, VA 23693
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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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