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    6610 Mooretown Rd Williamsburg, VA 23188-2276

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    6610 Mooretown Rd Williamsburg, VA 23188-2276


    • Strip malls
    • 120,493 SF
    • 21.26 lot acres
    Off-Market
    Last Sale Sep 23, 2024
    $11,700,000
    Property ID
    US87-3775382
    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

    • China Wok / Restaurant
    • Tokyo Express / Restaurant
    • Supercuts / Hair Salon
    • Williamsburg Dojo / Training Center / Sports School
    • International Bazaar / Grocery & Convenience Store / Food Market

    Property Details for 6610 Mooretown Rd

    Year built
    2006
    Lot size
    21.26 lot acres
    Property size
    120,493 SF
    Zone code
    ECONOMIC OPPORTUNITY
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    C19C-0712-1973
    APU
    C19C07121973

    Description

    This exceptional 120,920-square-foot multi-tenant retail center in Williamsburg, Virginia, presents a compelling investment opportunity. Boasting a 7.82% cap rate and a strong NOI of $1,007,657, the property is 83.79% occupied by a diverse mix of retail, restaurant, and service tenants, including Ross Dress for Less, Dollar Tree, and Children's Hospital Thrift Store. Seven vacant suites totaling 19,600 square feet offer significant upside potential for increased revenue. Recent leasing activity, including two new leases and one lease extension, has already resulted in a $40,000 NOI increase. The property features three points of ingress and egress with signalized intersections, ensuring excellent visibility along Mooretown Road (8,600+ vehicles daily). Its prime location near I-64 and Humelsine Parkway Interchange places it within a dense retail corridor alongside major national tenants such as Williamsburg Premium Outlets, Walmart, Lowe's, and Home Depot. The center benefits from its proximity to Michael Commons Medical Office Condos, The Bend Arbordale Apartments (289 units), and Sentara Williamsburg Regional Medical Center, a major 145-bed hospital. Furthermore, its location near major tourist attractions like Great Wolf Lodge, Colonial Williamsburg, and Busch Gardens Williamsburg, coupled with strong demographics (population exceeding 51,700 within 5 miles, average household income of $106,000), ensures consistent foot traffic and growth potential. The asking price is $12,875,000 ($106.48/sq ft) and includes a 21.26-acre lot. An additional outparcel lot is also available for separate purchase. The property was built in 2006 and operates under a net lease agreement.


    Value Estimations

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    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    York
    State
    Virginia
    Longitude
    -76.7346
    Latitude
    37.3382
    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
    2024
    $97,304
    $4,333,500
    $8,815,700
    $13,149,200
    -
    $4,333,500
    $8,815,700
    $13,149,200
    More about this property
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