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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Retail space
225 Mason Ave Cape Charles, VA 23310-3201
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-2840395
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully restored, 8,196 square foot retail property located at 225 Mason Ave, Cape Charles, VA 23310. The property, built in 1910 and meticulously upgraded, houses an award-winning and established boutique distillery operating under a 10-year NNN lease with 100% occupancy. The two-story building features a first-floor commercial kitchen and retail lounge seating, a second-floor private event room, and a rooftop deck offering stunning town views. This custom-built space, formerly a hardware store, has been revitalized into one of Cape Charles' signature businesses, situated in the heart of the historic retail district. The property boasts a single tenancy and is situated on a 8,196 square foot lot. The property's APN is 83A3-1-630. This turnkey investment offers a unique blend of historical charm and modern amenities, providing a strong return on investment in a thriving Virginia coastal town. The asking price is $2,500,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Lot
1 ac (43,560 SF)
APN
83A3-1-630
UPID
US87-2840395
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
225 Mason LLC · 3 yrs held
225 Mason LLC
since 2023
Last sale
$650,000
1 recorded transaction
Zoning & alternative use
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 Cape Charles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape Charles 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
Method
Estimation
Statistic approach
$515,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $650k (Jun 8 2023)
Last sale anchor
$650k
Jun 8 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,616
Tax year 2023
Assessed value
$739,000
Assessed 2023
Previous assessed
$739,000
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$250,000
Assessed improvement
$489,000
Land market value
$250,000
Improvement market value
$489,000
Total market value
$739,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
1 ac (43,560 SF)
APN
83A3-1-630
UPID
US87-2840395
Jurisdiction
NORTHAMPTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
1 ac
Current owner
From public records · entity-resolved
225 Mason LLC
Entity
Mailing address
4900 FITZHUGH AVE, RICHMOND, VA 23230-3510
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2023
$650,000
225 Mason LLC
Paul G Watson III
Warranty Deed
$1,675,000 · Touchstone Bank
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.
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