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Property profile & analytics
FOR LEASE
Commercial real estate
5020 Settlers Market Blvd Williamsburg, VA 23188
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-1642541
For Lease
1 / 4
$2,350,000
5020 Settlers Market Blvd, Williamsburg, VA 23188
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
12,062 SF
Lot
4.4 ac (191,664 SF)
Zoning code
MU MIXED USE
APN
38-4 33-0-0002-A
UPID
US87-1642541
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.35M
Owner & transaction history
T Settlers Market Pen Va LLC · 1 yrs held
T Settlers Market Pen Va LLC
since 2025
Last sale
$45,000
5 recorded transactions
Zoning & alternative use
MU MIXED USE · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $45k (Dec 14 2024)
Last sale anchor
$45k
Dec 14 2024
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
$195 / 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
$68,911
Tax year 2019
Assessed value
$8,203,700
Assessed 2023
Previous assessed
$8,203,700
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,417,800
Assessed improvement
$5,785,900
Land market value
$2,417,800
Improvement market value
$5,785,900
Total market value
$8,203,700
Applied tax rate
4.0000
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
For Lease
Year built
2008
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
12,062 SF
Lot
4.4 ac (191,664 SF)
Zoning code
MU MIXED USE
APN
38-4 33-0-0002-A
UPID
US87-1642541
Jurisdiction
JAMES CITY
Zoning & alternative use
MU MIXED USE · Williamsburg, VAZoning MU MIXED USE · permitted uses
MU MIXED USE · 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
2008
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.4 ac
Current owner
From public records · entity-resolved
T Settlers Market Pen Va LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 250209, ATLANTA, GA 30325-1209
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$45,000
T Settlers Market Pen Va LLC
Cpt Settlers Market LLC
Deed
related
—
Mar 14, 2025
$45,000
T Settlers Market Pen Va LLC
Cpt Settlers Market LLC
Special Warranty Deed
—
Jun 15, 2015
$61,300
Cpt Settlers Market LLC
Fcp Settlers Market LLC
Grant Deed
related
—
Jun 28, 2011
$1,800,000
Fcp Settlers Market II LLC
Fcp Settlers Market LLC
Grant Deed
related
—
Jul 12, 2010
—
Bk Union
Zemanian,peter G
Trustees Deed
related
—
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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