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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Office Spaces
320 Monticello Ave Williamsburg, VA 23185-2834
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-3236346
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1972
Total area
8,775 SF
Lot
0.9 ac (39,160 SF)
Zoning code
B-3 (GENERAL BUSINESS)
APN
3010.389.506
UPID
US87-3236346
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
Current use
Occupant on record · Public records
-
Worthington Wellness Spa & Massage Center
-
The Brow Studio LLC Medical Clinic Skin Care Clinic
-
All Alternative Massage and Wellness Alternative Medicine Practice Spa & Massage Center
-
Ardent Skin Care LLC Spa & Massage Center
-
Blush&blade llc Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.22M
Owner & transaction history
Stellar Ventures LLC · 2 yrs held
Stellar Ventures LLC
since 2023
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
B-3 (GENERAL BUSINESS) · Williamsburg, VA
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 Williamsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsburg 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
by Request
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.18M (Oct 30 2023)
Last sale anchor
$1.18M
Oct 30 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
$138 / SF
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
$6,221
Tax year 2023
Assessed value
$1,003,400
Assessed 2023
Previous assessed
$1,003,400
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$514,200
Assessed improvement
$489,200
Land market value
$514,200
Improvement market value
$489,200
Total market value
$1,003,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1972
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Units
4
Total area
8,775 SF
Lot
0.9 ac (39,160 SF)
Zoning code
B-3 (GENERAL BUSINESS)
APN
3010.389.506
UPID
US87-3236346
Jurisdiction
WILLIAMSBURG CITY
Zoning & alternative use
B-3 (GENERAL BUSINESS) · Williamsburg, VA
Zoning B-3 (GENERAL BUSINESS) · permitted uses
B-3 (GENERAL BUSINESS) · Williamsburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Heating
ELECTRIC
Cooling
Yes
Stories
2
Units
4
Lot
0.9 ac
Current owner
From public records · entity-resolved
Stellar Ventures LLC
Entity
Mailing address
4921 LARABROOK PL, GLEN ALLEN, VA 23060-6183
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
$1,175,000
Stellar Ventures LLC
320 Monticello Limited Liability Co
Warranty Deed
$800,000 · Newport News Shipbuilding Employees
Oct 24, 2023
—
James Wickliffe Smith III
320 Monticello Limited Liability Co
Deed
—
Mar 13, 2020
$625,000
320 Monticello LLC
John M Pitman JR
Warranty Deed
$550,000 · Townebank
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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