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    Property profile & analytics

    8864 Richmond W Rd Toano, VA 23168-8815

    • Commercial real estate
    • 2,255 SF
    • 5.48 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Location Intelligence
    Property ID
    US87-1759886
    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.

    Current Use by Public Records

    • Extra Mile Landscapes / Landscaper
    • Two Drummers Smokehouse / Barbecue Restaurant
    • Landscape Cover Solutions / Landscaper

    Property Details for 8864 Richmond W Rd

    Year built
    1950
    Lot size
    5.48 lot acres
    Property size
    2,255 SF
    Zone code
    A1 GENERAL AGRICULTURE
    Property type
    Commercial real estate
    APN
    11-1 01-0-0006
    APU
    1110100006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $400,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $410,000
      Mixed-Use
      $335,000
      Hospitality
      $320,000
      Educational
      $340,000
      Residential Income
      $325,000
      Energy
      $400,000
      Income-Based Land
      $415,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Toano
    County
    James City
    State
    Virginia
    Longitude
    -76.836
    Latitude
    37.405
    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
    2019
    $3,048
    $145,000
    $233,600
    $378,600
    -
    $145,000
    $233,600
    $378,600

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      8105 Richmond Rd Ste, Unit 107

      COMMERCIAL (GENERAL) • 2,000 SF
      8105 Richmond Rd Ste, Toano, VA 23168-9260
      View Details
    • Value Estimation by Request
      2,000 SF

      8105 Richmond Rd Ste, Unit 204

      COMMERCIAL (GENERAL) • 2,000 SF
      8105 Richmond Rd Ste, Toano, VA 23168-9261
      View Details
    • Value Estimation by Request
      1,500 SF

      8018 Hankins Industrial Park Ste B3

      COMMERCIAL (GENERAL) • 1,500 SF
      8018 Hankins Industrial Park Ste B3, Toano, VA 23168-9264
      View Details
    • Value Estimation by Request
      1,500 SF

      8018 Hankins Industrial Park Ste B2

      COMMERCIAL (GENERAL) • 1,500 SF
      8018 Hankins Industrial Park Ste B2, Toano, VA 23168-9264
      View Details
    • Value Estimation by Request
      1,500 SF

      8018 Hankins Industrial Park Ste A1

      COMMERCIAL (GENERAL) • 1,500 SF
      8018 Hankins Industrial Park Ste A1, Toano, VA 23168-9264
      View Details
    • Value Estimation
      $340,000
      2,500 SF

      8105 Richmond Rd Ste, Unit 405

      COMMERCIAL (GENERAL) • 2,500 SF
      8105 Richmond Rd Ste, Toano, VA 23168-9263
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      79.06 Acres

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      Prime 79-acre commercial lot, high traffic.
      9505 Old Stage Rd, Toano, VA 23168
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    • $95,000
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      Level lot with golf course views in Stonehouse community.
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      Prime Land I-64 Frontage

      Land with significant frontage on I-64 and Route 30.
      9505 Old Stage Rd, Toano, VA 23168
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    • $675,000

      Commercial Land with Interstate Frontage

      Land suitable for retail, office, or industrial uses.
      3500 La Grange Pkwy, Toano, VA 23168
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    • $80,000
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      Residential Lot in Stonehouse Community

      0.37 acre lot in Stonehouse, build your dream home.
      9980 Mill Pond Run, Toano, VA 23168
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    • $95,000
      0.39 Acres

      Golf-Front Lot in Stonehouse

      Level lot with golf course views in award-winning community.
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    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Toano Warehouse Space Available

      24,000 square foot warehouse space for lease in Toano.
      129 Industrial Blvd, Toano, VA 23168
      View Details
    • Contact for pricing
      27,000 SF

      Toano Warehouse Space Available

      27,000 square foot warehouse/industrial space for lease in Toano.
      137 Industrial Blvd, Toano, VA 23168
      View Details
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    Toano, VA 23168-8815
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    Realmo Value Estimation

    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.

    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.

    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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