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Property profile & analytics
FOR LEASE
Strip malls
800 E Rochambeau Dr Williamsburg, VA 23188
Entity Owned
10-yr Hold
Free & Clear
Property ID
US87-0367150
For Lease
1 / 2
$1,480,000
800 E Rochambeau Dr, Williamsburg, VA 23188
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
27,559 SF
Lot
3.06 ac (133,511 SF)
Zoning code
ECONOMIC OPPORTUNITY
APN
B19B-4378-3286
UPID
US87-0367150
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
-
Subway Take-out & Catering
-
The UPS Store Courier Service Postal Service
-
America's Best Contacts & Eyeglasses (Bike/Boat/Book/etc) Store
-
H&R Block Tax Preparation
-
ABS - Accounting & Bookkeeping Solutions, Inc Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Colgin Properties LLC · 10 yrs held
Colgin Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
ECONOMIC OPPORTUNITY · Williamsburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+74.6%
Retail stores
$2.1M
+65.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,275,000
Current use
RESTAURANT
$2,225,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$2,100,000
Change: +65% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,120,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
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
$50,871
Tax year 2024
Assessed value
$6,874,500
Assessed 2024
Previous assessed
$5,412,000
+27.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,137,600
Assessed improvement
$5,736,900
Land market value
$1,137,600
Improvement market value
$5,736,900
Total market value
$6,874,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2007
Heating
GAS
Cooling
CENTRAL
Stories
1
Total area
27,559 SF
Lot
3.06 ac (133,511 SF)
Zoning code
ECONOMIC OPPORTUNITY
APN
B19B-4378-3286
UPID
US87-0367150
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
GAS
Cooling
Yes
Stories
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Colgin Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 2491, NORFOLK, VA 23501-2491
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2016
$6,300,000
Colgin Properties LLC
Redus One
Grant Deed
—
May 23, 2016
—
Colgin Properties LLC
Redus One
Quit Claim Deed
related
—
Apr 4, 2014
$4,630,350
Redus One LLC
Bliley Paul S
Trustees Deed
—
Aug 19, 2011
—
Kahn Properties East LLC
—
Loan Modification
related
$70,161,873 · Wells Fargo Bank
Jun 8, 2006
—
Kahn Properties East LLC
—
Trustees Deed
related
$5,600,000 · Wells Fargo Bank
—
—
Karn Properties East LLC
—
Loan Modification
related
$38,161,873 · Wells Fargo Bank
—
—
Kahn Properties East Ll
—
Loan Modification
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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