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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Richmond Rd Williamsburg, VA 23185-3540

    • Bed & breakfasts
    • 3,089 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    Aug 13, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3037432
    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.

    Current Use by Public Records

    • The Williamsburg Manor Bed & Breakfast / Bed & Breakfast / Restaurant

    Property Details for 600 Richmond Rd

    Year built
    1930
    Lot size
    0.30 lot acres
    Property size
    3,089 SF
    Zone code
    RS-2 (SINGLE-FAMILY DWELL
    Property type
    Bed & breakfasts
    APN
    2813.273.747
    APU
    2813273747

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg City
    State
    Virginia
    Longitude
    -76.7149
    Latitude
    37.2754
    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
    2023
    $5,394
    $252,500
    $617,500
    $870,000
    -
    $252,500
    $617,500
    $870,000

    Comparable in this City

    • Value Estimation
      $685,000
      3,718 SF

      1109 Jamestown Rd

      BED & BREAKFAST • 3,718 SF
      1109 Jamestown Rd, Williamsburg, VA 23185-3315
      View Details
    • Value Estimation
      $535,000
      7,466 SF

      718 Jamestown Rd

      BED & BREAKFAST • 7,466 SF
      718 Jamestown Rd, Williamsburg, VA 23185-3914
      View Details
    • Value Estimation by Request
      4,028 SF

      505 Capitol Ct

      BED & BREAKFAST • 4,028 SF
      505 Capitol Ct, Williamsburg, VA 23185-4501
      View Details
    • Value Estimation by Request
      4,413 SF

      922 Jamestown Rd

      BED & BREAKFAST • 4,413 SF
      922 Jamestown Rd, Williamsburg, VA 23185-3917
      View Details
    • Value Estimation by Request
      3,052 SF

      501 Richmond Rd

      BED & BREAKFAST • 3,052 SF
      501 Richmond Rd, Williamsburg, VA 23185-3537
      View Details
    • Value Estimation by Request
      3,675 SF

      303 Capitol Lndg Rd

      BED & BREAKFAST • 3,675 SF
      303 Capitol Lndg Rd, Williamsburg, VA 23185-4314
      View Details

    Similar Nearby for Sale

    • 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
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      Williamsburg In-Town Building Lot

      Building lot near William & Mary and Historic Williamsburg.
      201 Burns Ln, Williamsburg, VA 23185
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    • $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
    • $895,000
      0.37 Acres

      Waterfront Homesite in Governor's Land

      Buildable waterfront lot with access to world-class amenities.
      1540 Harbor Rd, Williamsburg, VA 23185
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    • $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
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    • $215,000
      6.00 Acres

      Wooded Acres in Williamsburg, VA

      Six acres of wooded land near Route 199.
      5009 John Tyler Hwy, Williamsburg, VA 23185
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,412 SF

      Retail Buildings in Williamsburg

      Two well-maintained retail buildings available for lease in Williamsburg.
      312 Second St, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,545 SF

      Retail/Office Space with Drive-Thru

      Renovated retail/office space with drive-thru, near William & Mary.
      1006 Richmond Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,209 SF

      Retail Space Near Kingsmill Resort

      Retail space located near residential and resort area.
      240 Mclaws Cir, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,160 SF

      Williamsburg Office Space For Lease

      Office spaces available in Williamsburg, ranging from 1,160 to 4,999 SF.
      460 Mclaws Cir, Williamsburg, VA 23185
      View Details
    • $16 SF/Yr
      2,800 SF

      Jamestown Road Retail Space

      Williamsburg, VA Retail Opportunity
      1303 Jamestown Rd, Williamsburg, VA 23185
      View Details
    • $30 SF/Yr
      8,393 SF

      Williamsburg Restaurant - For Sale/Lease

      Prime Restaurant Space, 8,393 SF, 2 Acres
      2100 Richmond Rd, Williamsburg, VA 23185
      View Details
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    600 Richmond Rd
    Williamsburg, VA 23185-3540
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    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
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