Technical
Financial
Distress signals
Property profile

2200 Richmond Rd Williamsburg, VA 23185

OFF-MARKET
Retail space
Property ID
US87-2854082
45,628 SF 6.63 ac lot Built 2005
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional free-standing retail property, located at 2200 Richmond Rd in Williamsburg, Virginia, presents a significant investment opportunity. The building, constructed in 2005, boasts a substantial 64,908 square feet of space situated on a generous 6.63-acre lot. The property is zoned B-2 and features a two-story structure with ample parking for 186 vehicles. Elevators are available for convenient access to both floors. Currently configured for multiple tenants, there are two available spaces ranging from 23,269 to 41,639 square feet, offering flexibility for various retail concepts. The property's prominent location in Williamsburg, VA, 23185, provides excellent visibility and accessibility. Its history as a former Yankee Candle factory adds a unique character and potential for adaptive reuse. The expansive lot size offers significant potential for future expansion or development. This is a rare opportunity to acquire a large, well-located retail property in a thriving market. The property's size, amenities, and location make it an ideal choice for a variety of retail businesses seeking a high-profile presence in Williamsburg. The ample parking ensures convenient access for customers and employees. The property's zoning allows for a wide range of retail uses, providing flexibility for potential buyers.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 45,628 SF
Lot 6.63 ac (288,803 SF)
Zoning code B-2 (CORRIDOR BUSINESS)
APN 3809.158.045
UPID US87-2854082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bowling Alley

Location

2200 Richmond Rd Williamsburg, VA 23185-2755
Williamsburg metro Census 370300 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.77M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.26M

Owner & transaction history

since 2023
Last sale
$4.0M
3 recorded transactions
2023
$4.0M
2022
$5.0M
2016
Price N/A

Zoning & alternative use

B-2 (CORRIDOR BUSINESS) · Williamsburg, VA
Top alternative use upside
Commercial (general) $6.8M +80.7%
Office building $5.3M +39.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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