Property profile

4801 Courthouse St Williamsburg, VA 23188

FOR LEASE
Commercial real estate
Property ID
US87-1761107
59,898 SF 1.29 ac lot Built 2003
Entity Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the vibrant New Town Shops at Main, a thriving lifestyle center in James City County. The property boasts a total of 248,176 square feet, with 22,832 square feet currently vacant and available for lease. Tenants can choose from spaces ranging from a minimum of 1,100 square feet to a maximum contiguous space of 7,435 square feet, offering flexibility for various business needs. Situated at the bustling intersection of Route 199 and Monticello Avenue, this location benefits from exceptional visibility and high traffic volume, exceeding 50,000 vehicles per day. The property is anchored by 1.75 million square feet of retail, office, residential, and entertainment space, creating a strong, built-in customer base within a pedestrian-friendly, community atmosphere. Its prime location places it just minutes away from major attractions including Colonial Williamsburg, Busch Gardens, Water Country USA, Premium Outlets, and The College of William & Mary, ensuring a constant flow of potential customers. This mixed-use development offers a unique opportunity to establish a business within a thriving and well-established community. The property's strategic location and impressive surrounding amenities make it an ideal choice for retailers seeking a high-traffic, high-visibility location in a desirable area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2003
Total area 59,898 SF
Lot 1.29 ac (56,192 SF)
Zoning code MU MIXED USE
APN 38-4 24-0-0001
UPID US87-1761107

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • Charitable Organization Social Service Agency

Location

4801 Courthouse St Williamsburg, VA 23188
Williamsburg metro Census 80205 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.36M
Blend (final) Blend
$10.56M

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

MU MIXED USE · Williamsburg, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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