Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    835 Capitol Landing Rd Williamsburg, VA 23185
    Back to Search
    Property profile & analytics

    835 Capitol Landing Rd Williamsburg, VA 23185

    View on Map
    • Turn key restaurants
    • 2,399 SF
    • 0.37 lot acres
    For Sale
    $600,000
    View Listing →
    Restaurant Opportunity in Williamsburg For Sale
    $600,000
    2,416 SF

    Restaurant Opportunity in Williamsburg

    Restaurant building for sale in culinary arts district.

    835 Capitol Landing Rd, Williamsburg, VA
    View Listing
    Property ID
    US87-3032697
    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

    • Turn key restaurants

    Property Details for 835 Capitol Landing Rd

    Year built
    1955
    Lot size
    0.37 lot acres
    Property size
    2,399 SF
    Zone code
    B-4 (GENERAL BUSINESS)
    Property type
    Turn key restaurants
    APN
    3120.752.035
    APU
    3120752035

    Description

    This 2,416 square foot retail property, located at 835 Capitol Landing Rd, Williamsburg, VA 23185, presents a unique redevelopment opportunity. Built in 1955 and renovated in 2019, this single-story, Class B building sits on a 1-acre lot (APN: 3120.752.035) and is zoned B4. Currently configured as a restaurant and convenience store, it offers significant flexibility for conversion to office space or other retail uses. The property is being sold "as is" fee simple, with an asking price of $600,000 ($248.34/sq ft). Its prime location on Capitol Landing Road, considered the "Gateway to Williamsburg," places it within the Culinary Arts and Hospitality District and a designated Opportunity Zone, providing access to various investment incentives. The property benefits from its proximity to a planned 235-unit apartment/townhouse development within one mile. The business is currently closed, and tours are available by appointment only. The occupancy date is September 14, 2023. This presents a compelling investment opportunity in a rapidly developing area.

    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
    Williamsburg
    County
    Williamsburg City
    State
    Virginia
    Longitude
    -76.6891
    Latitude
    37.2813
    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
    $2,684
    $154,100
    $278,800
    $432,900
    -
    $154,100
    $278,800
    $432,900

    Comparable in this City

    • Value Estimation by Request
      4,364 SF

      1622 Richmond Rd

      RESTAURANT • 4,364 SF
      1622 Richmond Rd, Williamsburg, VA 23185-2724
      View Details
    • Value Estimation by Request
      4,695 SF

      329 2nd St

      RESTAURANT • 4,695 SF
      329 2nd St, Williamsburg, VA 23185-4527
      View Details
    • Value Estimation by Request
      4,413 SF

      401 Duke Of Gloucester St

      RESTAURANT • 4,413 SF
      401 Duke Of Gloucester St, Williamsburg, VA 23185-3602
      View Details
    • Value Estimation by Request
      4,878 SF

      1995 Richmond Rd

      RESTAURANT • 4,878 SF
      1995 Richmond Rd, Williamsburg, VA 23185-2729
      View Details
    • Value Estimation by Request
      5,708 SF

      1433 Richmond Rd

      RESTAURANT • 5,708 SF
      1433 Richmond Rd, Williamsburg, VA 23185-2802
      View Details
    • Value Estimation
      $1,095,000
      3,690 SF

      1660 Richmond Rd

      RESTAURANT • 3,690 SF
      1660 Richmond Rd, Williamsburg, VA 23185-2724
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,416 SF

      Restaurant Opportunity in Williamsburg

      Restaurant building for sale in culinary arts district.
      835 Capitol Landing Rd, Williamsburg, VA 23185
      View Details
    • 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
    • Contact for pricing

      Retail Space with Redevelopment Underway

      Retail spaces available in a shopping center undergoing renovation.
      1008 Mooretown Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      2,390 SF

      Williamsburg Gas Station NNN Lease

      Stable cash flow asset with zero landlord responsibilities.
      395 Second St, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      8,393 SF

      Retail Space on Richmond Road

      Retail property with excellent visibility and accessibility on Richmond Road.
      2100 Richmond Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,560 SF

      Retail Space with Redevelopment Underway

      Retail spaces available in renovated shopping center near I-64.
      122-124 Waller Mill Rd, Williamsburg, VA 23185
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      932 SF

      Williamsburg Retail Pad Site

      Retail property with drive-thru, near major attractions.
      105 Bypass Rd, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Historic Building with Modern Commercial Space

      Mixed-use property with commercial kitchen and residential units.
      6945 Pocahontas Trl, Williamsburg, VA 23185
      View Details
    • Contact for pricing

      Restaurant Space Near Best Western

      Turnkey restaurant space adjacent to Best Western in Williamsburg, Virginia.
      351 York St, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      1,623 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
      4,114 SF

      Retail Space in Midtown Row

      New retail space available in Williamsburg's Midtown Row.
      221 Monticello Ave, Williamsburg, VA 23185
      View Details
    • Contact for pricing
      2,644 SF

      Retail Space in Midtown Row

      New retail space in the heart of Williamsburg, Virginia.
      208 Monticello Ave, Williamsburg, VA 23185
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    835 Capitol Landing Rd
    Williamsburg, VA 23185
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    835 Capitol Landing Rd, Williamsburg, VA, 23185
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!