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    4000 Prince George Dr Prince George, VA 23875
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    Property profile & analytics

    4000 Prince George Dr, Prince George, VA 23875

    View on Map
    • Strip malls
    • 40,801 SF
    • 5.04 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Restaurant Space in Branchester Lakes For Lease
    $18 SF/Yr
    1,400 SF

    Restaurant Space in Branchester Lakes

    Restaurant endcap available in shopping center near Fort Lee.

    4000 Prince George Drive, Prince George, VA 23875
    View Listing
    Property ID
    US87-1382579
    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

    • Food Lion / Grocery & Convenience Store / Food Market
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • Liberty Katz Cattery / Pet Store
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Western Union / Bank / Credit Union

    Property Details for 4000 Prince George Dr

    Year built
    1998
    Lot size
    5.04 lot acres
    Zone code
    B-1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    130(06)00-003-F
    APU
    1300600003F

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Prince George
    County
    Prince George
    State
    Virginia
    Longitude
    -77.2831
    Latitude
    37.2577
    CBSA code
    40060
    CBSA name
    RICHMOND, VA 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
    $26,311
    $462,200
    $2,728,200
    $3,190,400
    -
    $462,200
    $2,728,200
    $3,190,400

    Comparable in this City

    • Value Estimation
      $19,110,000
      186,558 SF

      5210 Oaklawn Blvd

      SHOPPING CENTER, STRIP CENTER
      5210 Oaklawn Blvd, Prince George, VA 23875
      View Details
    • Value Estimation by Request
      3,301 SF

      5320 Oaklawn Blvd

      RESTAURANT
      5320 Oaklawn Blvd, Prince George, VA 23875-1300
      View Details
    • Value Estimation by Request
      6,046 SF

      1900 Colonial Crossings Dr

      CONVENIENCE STORE (W/FUEL PUMP)
      1900 Colonial Crossings Dr, Prince George, VA 23875-1276
      View Details
    • Value Estimation by Request
      2,150 SF

      4001 Commerce Rd

      PARKING GARAGE, PARKING STRUCTURE
      4001 Commerce Rd, Prince George, VA 23875
      View Details
    • Value Estimation by Request
      1,210 SF

      6401 Courthouse Rd

      FINANCIAL BUILDING
      6401 Courthouse Rd, Prince George, VA 23875-2532
      View Details
    • Value Estimation by Request
      3,409 SF

      5801 Courthouse Rd

      RESTAURANT
      5801 Courthouse Rd, Prince George, VA 23875-2516
      View Details

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    • Contact for pricing
      Pending

      Commercial Building Near Ft. Gregg-Adams

      Commercial building near Ft. Gregg-Adams with ample parking.
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    • $525,000
      3.32 Acres

      Prime Commercial Land Opportunity

      Dual-zoned land suitable for various commercial and residential uses.
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      Modern Condo Unit Investment Opportunity

      5,728 SF condo unit in thriving Prince George area.
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      Industrial Building on Whitehill Road

      1,624 SF industrial building on 1.55-acre lot.
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    • $6,250,000

      Medical Building in Prince George

      Medical building with long-term tenant in Prince George County.
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      Acre Pad Site in Lowe's

      One acre pad site available in Lowe’s parking lot.
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    Similar Nearby for Lease

    • Contact for pricing
      930 SF

      Retail Space Near Courthouse Complex

      Retail space for lease near Fort Gregg-Adams and Courthouse.
      6805 Commons Dr, Prince George, VA 23875
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Hopewell, VA

      Retail space with high traffic and easy highway access.
      5262-5282 Oaklawn Blvd, Hopewell, VA 23875
      View Details
    • Contact for pricing

      Prime Pad Sites For Lease

      2-5 acre pad sites in high-growth Prince George County.
      9300 Fountain Dr, Prince George, VA 23875
      View Details
    • Contact for pricing

      New Industrial Building For Lease

      New construction industrial building available for lease in Q4 2026.
      6013 Hardware Dr, Prince George, VA 23875
      View Details
    • Contact for pricing
      1,450 SF

      Office Space Near Fort Gregg-Adams

      Commercial office space with convenient access to major routes.
      4701 Owens Way, Prince George, VA 23875
      View Details
    • $1,500 /Mo

      Land for Lease in County

      Land available for lease in Prince George County.
      4901 Puddledock Rd, Prince George, VA 23875
      View Details
    View Listing
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    Prince George, VA 23875
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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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