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Property profile & analytics
OFF-MARKET
Commercial land
510 Alexander Lee Pkwy Williamsburg, VA 23185
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-3952958
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
8.04 ac (350,048 SF)
Zoning code
ECONOMIC OPPORTUNITY
APN
H13A-0466-3439
UPID
US87-3952958
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Miller Gorup Of Virginia LLC · 3 yrs held
The Miller Gorup Of Virginia LLC
since 2022
Last sale
$330,000
6 recorded transactions
Zoning & alternative use
ECONOMIC OPPORTUNITY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,057
Tax year 2024
Assessed value
$413,100
Assessed 2024
Previous assessed
$410,200
+0.7% YoY
Effective rate
0.74%
On assessed value
Assessed land
$413,100
Land market value
$413,100
Total market value
$413,100
Applied tax rate
5,104,150.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
8.04 ac (350,048 SF)
Zoning code
ECONOMIC OPPORTUNITY
APN
H13A-0466-3439
UPID
US87-3952958
Jurisdiction
YORK
Zoning & alternative use
ECONOMIC OPPORTUNITY · Williamsburg, VA
Zoning ECONOMIC OPPORTUNITY · permitted uses
ECONOMIC OPPORTUNITY · Williamsburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
8.04 ac
Current owner
From public records · entity-resolved
The Miller Gorup Of Virginia LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2649 PRODUCTION RD, VIRGINIA BEACH, VA 23454-5351
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
$330,000
The Miller Gorup Of Virginia LLC
Colonial Heritage Contractors Park
Warranty Deed
—
Aug 26, 2016
—
Qp Storage LLC
—
Trustees Deed
related
$3,564,000 · Monarch Bk
May 17, 2016
$360,000
Op Storage LLC
Colonial-heritage Contractors
Grant Deed
$3,564,000 · Monarch Bk
Jun 27, 2007
$992,900
Colonial Heritage Contractors
Busch Properties INC
Grant Deed
related
$595,000 · Private Lender
—
—
Colonial Heritate Contractors
—
Deed Of Trust
related
$746,250 · Bayport Cu
—
—
Colonial Heritage Contractors
—
Deed Of Trust
related
$690,000 · Bayport Cu
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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