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Property profile & analytics
OFF-MARKET
Commercial real estate
7435 Richmond Rd Williamsburg, VA 23188-7225
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-1482888
Property summary
AI-generated overview
This 1,844-square-foot commercial building is situated on Richmond Road in Williamsburg, Virginia, within a high-traffic area (23,000+ vehicles daily). The property boasts excellent road frontage and is a rare standalone facility in a prime location within James City County's largest commercial corridor and growth area. Currently vacant, this Class B building is zoned B-1 General Business. Previously used as a contractor showroom, the interior is adaptable to various business needs. Recent renovations (completed within the past year) include a new roof, water heater, interior and exterior paint, updated ceilings and floors, and a completely remodeled bathroom. The HVAC system is approximately three years old. This property presents a strong investment opportunity for a small business seeking a well-maintained, conveniently located space in the heart of downtown Norge. The "as-is" sale includes all recent upgrades. The property's address is 7435 Richmond Road, Williamsburg, VA 23188.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Total area
1,844 SF
Lot
0.3 ac (12,981 SF)
Zoning code
B1 GENERAL BUSINESS
APN
23-2 02-B-0002
UPID
US87-1482888
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
Current use
Occupant on record · Public records
-
Colonial Tile Works Hardware & Home Improvement Carpet & Flooring Store
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
Nguyen Capital Co LLC
Nguyen Capital Co LLC
since 2025
Last sale
$429,000
1 recorded transaction
Zoning & alternative use
B1 GENERAL BUSINESS · 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)
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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 2019Property tax & assessments
Tax year 2019
Tax billed
$1,221
Tax year 2019
Assessed value
$145,300
Assessed 2023
Previous assessed
$145,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$130,500
Assessed improvement
$14,800
Land market value
$130,500
Improvement market value
$14,800
Total market value
$145,300
Applied tax rate
1.0000
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
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
5
Bathrooms
1
Total area
1,844 SF
Lot
0.3 ac (12,981 SF)
Zoning code
B1 GENERAL BUSINESS
APN
23-2 02-B-0002
UPID
US87-1482888
Jurisdiction
JAMES CITY
Zoning & alternative use
B1 GENERAL BUSINESS · Williamsburg, VA
Zoning B1 GENERAL BUSINESS · permitted uses
B1 GENERAL BUSINESS · 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
Year built
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Nguyen Capital Co LLC
Entity
Mailing address
8360 YORK RIV PARK RD, WILLIAMSBURG, VA 23188-6700
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
$429,000
Nguyen Capital Co LLC
Randall W Roughton
Deed
$209,000 · Dollar Bank Fsb
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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