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    Property profile & analytics

    George Wash Memorial Hwy Gloucester, VA 23061

    • Office buildings
    • 1,401 SF
    • 17.40 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US87-1583606
    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

    • Office buildings

    Property Details for George Wash Memorial Hwy

    Year built
    1987
    Lot size
    17.40 lot acres
    Property size
    1,401 SF
    Zone code
    RC-1
    Property type
    Office buildings
    APN
    23331
    APU
    23331

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $295,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $265,000
      Mixed-Use
      $345,000
      Hospitality
      $260,000
      Educational
      $300,000
      Residential Income
      $320,000
      Energy
      $355,000
      Income-Based Land
      $330,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.5974
    Latitude
    37.58
    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
    $1,677
    $186,400
    $101,280
    $287,680
    -
    $186,400
    $101,280
    $287,680

    Comparable in this City

    • Value Estimation by Request
      21.02 Acres

      Brays Pt Rd

      OFFICE BUILDING • 21.02 Acres
      Brays Pt Rd, Gloucester, VA 23061
      View Details
    • Value Estimation
      $430,000
      4,500 SF

      6939 George Washington Memorial Hwy, Unit 6943

      OFFICE BUILDING • 4,500 SF
      6939 George Washington Memorial Hwy, Gloucester, VA 23061-5145
      View Details
    • Value Estimation
      $310,000
      1,680 SF

      7210 Main St

      OFFICE BUILDING • 1,680 SF
      7210 Main St, Gloucester, VA 23061-5128
      View Details
    • Value Estimation
      $405,000
      1,388 SF

      6558 Belroi Rd

      OFFICE BUILDING • 1,388 SF
      6558 Belroi Rd, Gloucester, VA 23061-3835
      View Details
    • Value Estimation
      $465,000
      1,216 SF

      7562 Crab Thicket Rd

      OFFICE BUILDING • 1,216 SF
      7562 Crab Thicket Rd, Gloucester, VA 23061
      View Details
    • Value Estimation
      $375,000
      1,112 SF

      7313 Duval Ave

      OFFICE BUILDING • 1,112 SF
      7313 Duval Ave, Gloucester, VA 23061-6120
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      3.19 Acres

      Gloucester Business Park Lots

      Prime VA development sites, shovel-ready.
      6400 Canon Way, Pinero, VA 23061
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      Main Street Commercial Opportunity

      Prime commercial property on Main Street in Gloucester County, Virginia.
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    Similar Nearby for Lease

    • Contact for pricing
      773 SF

      Gloucester Medical Office Space

      Prime Medical Office Suite, 452 sq ft.
      5659 Parkway Dr, Gloucester, VA 23061
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      16,000 SF

      EDGEHILL TOWN CENTER: Gloucester Office Space

      Prime Gloucester Office, 16,000 SF Available
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    • $10 SF/Yr
      7,300 SF

      Gloucester Office Space For Rent

      7,300 square feet of office space available for lease.
      7639 Crab Thicket Rd, Gloucester, VA 23061
      View Details
    • Contact for pricing
      74,774 SF

      Gloucester Retail Center - For Lease

      High-traffic retail space, ample parking.
      6569 Market Dr, Gloucester, VA 23061
      View Details
    • $5,000 /Mo
      2,000 SF

      Gloucester Warehouse Space Available

      2000 sqft warehouse with grade level garage door.
      6651 Main St, Gloucester, VA 23061
      View Details
    • $15 SF/Yr
      2,124 SF

      Retail Space in Gloucester, VA

      Retail space available for lease in Gloucester, Virginia.
      2323 George Washington Memorial Hwy, Gloucester, VA 23061
      View Details
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    George Wash Memorial Hwy
    Gloucester, VA 23061
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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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