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    7907 George Washington Mem Hwya Yorktown, VA 23692-4857
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    Property profile & analytics

    7907 George Washington Mem Hwya, Yorktown, VA 23692-4857

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    • Medical Office Space
    • 1,710 SF
    • 0.57 lot acres
    Off-Market
    Last Sale Sep 20, 2024
    $355,000
    Property ID
    US87-1296773
    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

    • Medical Office Space

    Property Details for 7907 George Washington Mem Hwya

    Year built
    1986
    Lot size
    0.57 lot acres
    Property size
    1,710 SF
    Zone code
    GENERAL BUSINESS
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    Q08B-4310-3152
    APU
    Q08B43103152

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown
    County
    York
    State
    Virginia
    Longitude
    -76.4868
    Latitude
    37.1877
    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
    $2,727
    $235,300
    $133,200
    $368,500
    -
    $235,300
    $133,200
    $368,500

    Comparable in this City

    • Value Estimation
      $910,000
      85,727 SF

      113 Battle Rd

      HOMES (RETIRED, NURSING) • 85,727 SF
      113 Battle Rd, Yorktown, VA 23692-4140
      View Details
    • Value Estimation
      $870,000
      24,767 SF

      112 Constitution Dr

      HOMES (RETIRED, NURSING) • 24,767 SF
      112 Constitution Dr, Yorktown, VA 23692-2792
      View Details
    • Value Estimation
      $615,000
      7,662 SF

      222 Grafton Dr

      OFFICE BUILDING • 7,662 SF
      222 Grafton Dr, Yorktown, VA 23692-2152
      View Details
    • Value Estimation
      $550,000
      8,824 SF

      5033 George Washington Mem Hwya

      OFFICE BUILDING • 8,824 SF
      5033 George Washington Mem Hwya, Yorktown, VA 23692-2510
      View Details
    • Value Estimation by Request
      10,000 SF

      100 Constitution Dr

      OFFICE BUILDING • 10,000 SF
      100 Constitution Dr, Yorktown, VA 23692-2792
      View Details
    • Value Estimation by Request
      1,860 SF

      7100 George Washington Mem Hwya

      OFFICE BUILDING • 1,860 SF
      7100 George Washington Mem Hwya, Yorktown, VA 23692-4935
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,216 SF

      Yorktown Class A Office Building

      Class A office/medical building in York County, Virginia for sale.
      100 N Constitution Dr, Yorktown, VA 23692
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    • $350,000

      Yorktown Commercial Land For Sale

      Almost one acre of commercially zoned land on Route 17.
      7214 George Washington Memorial Hwy, Yorktown, VA 23692
      View Details
    • Contact for pricing

      Land with High Visibility Intersection

      Land with utilities and frontage on Route 17.
      9009 George Washington Memorial Hwy, Yorktown, VA 23692
      View Details
    • New
      $200,000
      3.29 Acres

      Yorktown Land Ready to Build

      3.29 acre lot with approved permits and house plans.
      500 Railway Rd, Yorktown, VA 23692
      View Details
    • $350,000
      1.73 Acres

      Waterfront Lot in Yorktown, VA

      1.73-acre waterfront lot on Willett Cove, Yorktown, VA.
      106 Anchor Dr, Yorktown, VA 23692
      View Details
    • Contact for pricing

      Yorktown Commercial Land For Sale

      Commercial land in Yorktown, suitable for retail or office.
      8910 George Washington Memorial Hwy, Yorktown, VA 23692
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,875 SF

      Retail Space in Yorktown Center

      Retail space available in shopping center with strong tenant mix.
      121 Grafton Station Ln, Yorktown, VA 23692
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space on George Washington Highway

      Retail space available in Yorktown with high traffic volume.
      4360 George Washington Memorial Hwy, Yorktown, VA 23692
      View Details
    • Contact for pricing
      750 SF

      Retail Space in Yorktown

      Retail space available with strong traffic and tenant mix.
      5336 George Washington Memorial Hwy, Yorktown, VA 23692
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Yorktown, Virginia.
      5716 George Washington Memorial Hwy, Yorktown, VA 23692
      View Details
    • Contact for pricing
      1,845 SF

      Retail Space in Yorktown

      Retail space available in a shopping center with strong traffic.
      5340 George Washington Mem Hwy, Yorktown, VA 23692
      View Details
    • Contact for pricing
      8,720 SF

      Retail Strip Center on Route 17

      Retail spaces available in York County on George Washington Highway.
      5906 George Washington Memorial Hwy, Yorktown, VA 23692
      View Details
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    Yorktown, VA 23692-4857
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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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