Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,425,000
Commercial real estate
4511 John Tyler Hwy Williamsburg, VA 23185-2415
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1425591
Property summary
AI-generated overview
Governor's Green Shopping Center, located at 4511 John Tyler Hwy in Williamsburg, VA 23185, presents a compelling retail investment opportunity. This 75,739 square foot strip center, built in 1995 and zoned B-1 General Business, is situated in the heart of James City County. The property boasts a strong tenant mix, anchored by Harris Teeter, and includes other established businesses such as Rite-Aid, Ace Hardware, Starbucks, and Supercuts. Currently, one retail space of 8,450 square feet is available, offering excellent visibility and accessibility. The center benefits from strong demographics and a convenient location, providing high traffic potential without the premium pricing of comparable properties in the area. This location is ideal for a variety of businesses, including food retailers, general merchandise stores, or neighborhood service providers. The property's established tenant base and central location within James City County make it an attractive investment for businesses seeking high visibility and a strong customer base. This is a rare opportunity to secure a space in a thriving, well-established shopping center.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Total area
31,750 SF
Lot
2.79 ac (121,445 SF)
Zoning code
B1 GENERAL BUSINESS
APN
47-1 01-0-0111
UPID
US87-1425591
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
-
Via Vitae Chiropractic Alternative Medicine Practice
-
Supercuts Spa & Massage Center Skin Care Clinic
-
Nails by Nicole Nail Salon
-
LABCORP Medical Laboratory
-
Governors Green Shopping Center Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$4.43M
Owner & transaction history
Charles R Mills · 1 yrs held
Charles R Mills
since 2025
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
B1 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
$5,275,000
ML approach
$4,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.43M
Range $3.98M – $4.87M · ±10% · vs last sale $4.05M (Feb 11 2025)
Last sale anchor
$4.05M
Feb 11 2025
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
$139 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$29,229
Tax year 2019
Assessed value
$3,479,700
Assessed 2023
Previous assessed
$3,479,700
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$713,300
Assessed improvement
$2,766,400
Land market value
$713,300
Improvement market value
$2,766,400
Total market value
$3,479,700
Applied tax rate
3.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1995
Heating
YES
Cooling
NONE
Stories
1
Total area
31,750 SF
Lot
2.79 ac (121,445 SF)
Zoning code
B1 GENERAL BUSINESS
APN
47-1 01-0-0111
UPID
US87-1425591
Jurisdiction
JAMES CITY
Zoning & alternative use
B1 GENERAL BUSINESS · Williamsburg, VAZoning B1 GENERAL BUSINESS · permitted uses
B1 GENERAL BUSINESS · Williamsburg, VA
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
1995
Heating
YES
Cooling
Yes
Stories
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
Charles R Mills
Individual
Free & Clear · 1 yrs held
Mailing address
11824 FISHING PT DR STE A, NEWPORT NEWS, VA 23606-2679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Feb 11, 2025
$4,050,000
Charles R Mills
Governors Green Associates LLC
Warranty Deed
—
Jul 18, 2022
—
Pulliam Virginia LLC
—
Deed
related
$4,245,343 · Pinnacle Bank
—
—
Governors Green Associates LLC
—
Deed Of Trust
related
$183,115 · Citizens & Farmers 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4511 John Tyler Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
