Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    George Wash Memorial Hwy, VA
    Back to Search
    Property profile & analytics

    , George Wash Memorial Hwy, VA

    View on Map
    • Retail space
    • 3,324 SF
    • 2.76 lot acres
    Off-Market
    Property ID
    US87-1651335
    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

    • Retail space

    Property Details

    Year built
    1960
    Lot size
    2.76 lot acres
    Zone code
    B-1
    Property type
    Retail space
    APN
    29706
    APU
    29706

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 21, 2006 — Crf Ventures LLC C Wayne Crews Deed —

    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
    George Wash Memorial Hwy
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.5153
    Latitude
    37.3086
    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
    $2,285
    $184,800
    $207,180
    $391,980
    -
    $184,800
    $207,180
    $391,980

    Comparable in this City

    • Value Estimation
      $855,000
      36,501 SF

      Wise St, VA

      RETAIL STORES (PERSONAL SERVICES)
      Wise St, VA
      View Details
    • Value Estimation
      $1,255,000
      13,500 SF

      Southpark Blvd, VA

      RETAIL STORES (PERSONAL SERVICES)
      551, Southpark Blvd, VA
      View Details
    • Value Estimation
      $760,000
      7,373 SF

      101 E

      RETAIL STORES (PERSONAL SERVICES)
      101 E, Roslyn Rd, VA
      View Details
    • Value Estimation by Request
      7,920 SF

      Main St, VA

      RETAIL STORES (PERSONAL SERVICES)
      Main St, VA
      View Details
    • Value Estimation
      $1,190,000
      18,552 SF

      Riverside Dr, VA

      RETAIL STORES (PERSONAL SERVICES)
      Riverside Dr, VA
      View Details
    • Value Estimation by Request
      35.59 Acres

      Colley Shopping Ctr, VA

      RETAIL STORES (PERSONAL SERVICES)
      Colley Shopping Ctr, VA
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,049 SF

      Collinsville CVS Investment Opportunity

      NNN leased CVS with 15 years remaining in Collinsville.
      400 Riverside Dr, Collinsville, VA
      View Details
    • Contact for pricing

      Commercial Land on N Mall

      Approximately 15,000 SF of commercial land for sale.
      1311 N Mall Dr, Bon Air, VA
      View Details
    • Contact for pricing

      Prime Commercial Land on Broad

      1.73 acres of commercial land with B-2C zoning.
      8300-8306 W Broad St, Henrico, VA
      View Details
    • Contact for pricing

      Land with Mountain and Pastoral Views

      Land with Blue Ridge and Southwest Mountain views.
      Tbd Stone Brk Dr, Stanardsville, VA
      View Details
    • Contact for pricing

      Specialty Property in Newport News

      Specialty property available for sale in Newport News, Virginia.
      Address Not Disclosed, Newport News, VA
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,940 SF

      Retail Space in Bram Quarter

      Retail space available in fast-growing Ashburn community.
      23710 Schooler Pl, Ashburn, VA
      View Details
    • Contact for pricing
      2,170 SF

      Retail Space in Henrico County

      Neighborhood shopping center with excellent exposure in Henrico County.
      8911-8915 Patterson Ave, Henrico, VA
      View Details
    • Contact for pricing

      Retail Space on Lee Highway

      Retail space with prominent exposure and ample parking.
      14511 Lee Jackson Memorial Hwy, Chantilly, VA
      View Details
    • Contact for pricing
      340 SF

      Two-Story Office Building For Lease

      Two-story office building in Henrico County, near Pump Road.
      10404 Patterson Ave, Henrico, VA
      View Details
    • $26 SF/Yr

      Class A Medical Office Space

      Medical office space for lease near Johnston-Willis Hospital.
      Address Not Disclosed, Richmond, VA
      View Details
    • Contact for pricing

      Retail Land Near Interstate 95

      Retail outparcels available for sale or ground lease.
      10209 Va-782, Ashland, VA
      View Details
    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.
    George Wash Memorial Hwy, VA
    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
    George Wash Memorial Hwy, VA
    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!