Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    453 Mclaws Cir Ste 1a Williamsburg, VA 23185-5621
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    453 Mclaws Cir Ste 1a Williamsburg, VA 23185-5621

    View on Map
    • Commercial real estate
    • 1,695 SF
    • 0.04 lot acres
    Off-Market
    Last Sale May 27, 2021
    $230,000
    Property ID
    US87-1704008
    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

    • Mark Gardner / Physician
    • Waltrip & Campbell, PC / Law Firm
    • Buckman Peter D MD / Physician
    • Circa~ Cultural Resource Management, LLC / Archaeological Museum
    • Circa / Charitable Organization / Advocacy Group

    Property Details for 453 Mclaws Cir Ste 1a

    Year built
    2001
    Lot size
    0.04 lot acres
    Property size
    1,695 SF
    Zone code
    M1 LIMITED BUSINESS/INDUS
    Property type
    Commercial real estate
    APN
    50-2 16-0-0301
    APU
    5021600301

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    James City
    State
    Virginia
    Longitude
    -76.6641
    Latitude
    37.248
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 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
    2019
    $2,033
    $25,200
    $216,800
    $242,000
    -
    $25,200
    $216,800
    $242,000

    Comparable in this City

    • Value Estimation by Request
      1.27 Acres

      1430 Richmond Rd -

      Land • 1.27 Acres
      1430 Richmond Rd -, Williamsburg, VA 23185
      View Details
    • Value Estimation by Request
      3,035,208 SF

      9305 Pocahontas Trl

      COMMERCIAL (GENERAL) • 3,035,208 SF
      9305 Pocahontas Trl, Williamsburg, VA 23185-6255
      View Details
    • Value Estimation by Request
      391 SF

      8961 Pocahontas Trl

      COMMERCIAL (GENERAL) • 391 SF
      8961 Pocahontas Trl, Williamsburg, VA 23185-6249
      View Details
    • Value Estimation
      $17,040,000
      179,840 SF

      8935 Pocahontas Trl

      COMMERCIAL (GENERAL) • 179,840 SF
      8935 Pocahontas Trl, Williamsburg, VA 23185-6249
      View Details
    • Value Estimation by Request
      1,215 SF

      2427 Pocahontas Trl

      COMMERCIAL (GENERAL) • 1,215 SF
      2427 Pocahontas Trl, Williamsburg, VA 23185-5953
      View Details
    • Value Estimation
      $5,455,000
      25,768 SF

      613 Scotland St

      COMMERCIAL (GENERAL) • 25,768 SF
      613 Scotland St, Williamsburg, VA 23185-3567
      View Details

    Similar Nearby for Sale

    • $122,500
      0.01 Acres

      Williamsburg Office Space For Sale

      Updated Office Building, Prime Location
      1317 Jamestown Rd, Williamsburg, VA 23185
      View Details
    • $179,000
      1.18 Acres

      Residential Land Near Colonial Williamsburg

      1.18 acre residential land near Colonial Williamsburg, no HOA.
      105 Lorac Ct, Williamsburg, VA 23185
      View Details
    • $1,300,000
      12.30 Acres

      Waterfront Estate Lot Opportunity

      12.3-acre waterfront estate lot near Colonial Williamsburg.
      1000 S England Cir, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,640 SF

      Retail Space Near I-64

      Retail spaces available near I-64 and Richmond Rd (Route 60).
      118-120 Waller Mill Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      42,900 SF

      Office Buildings For Sale

      Three office buildings totaling 42,900 square feet available for purchase.
      7505 Richmond Rd, Williamsburg, VA 23185
      View Details
    • $1,300,000
      12.30 Acres

      Waterfront Estate Lot Opportunity

      12.3-acre waterfront estate lot near Colonial Williamsburg.
      1000 S England Cir, Williamsburg, VA 23185
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      4,260 SF

      Discover the perfect space for your contracting business

      Discover the perfect space for your contracting business
      8979 Pocahontas Trail, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Retail and Service Space Available

      Retail and service spaces for lease in Williamsburg, Virginia.
      5251 John Tyler Hwy, Williamsburg, VA 23185
      View Details
    • $675 /Mo
      1,500 SF

      Executive Office Space Available

      Professional office space for lease in Williamsburg, all-inclusive rent.
      430 Mclaws Cir, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      5,808 SF

      Mixed-Use Asset in Williamsburg, Virginia

      Premier shopping centers integrated into Midtown Row development.
      1242 Richmond Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      14,920 SF

      Colonial Williamsburg Retail and Office

      Premier retail and office space in historic Merchants Square.
      134 N Henry St, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      932 SF

      Williamsburg Retail Pad Site

      Retail property with drive-thru, near major attractions.
      105 Bypass Rd, Williamsburg, VA 23185
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    453 Mclaws Cir Ste 1a
    Williamsburg, VA 23185-5621
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!