George Wash Memorial Hwy, VA

  • Retail space
  • 2,096 SF
Off market
$11,822,230 Estimated

Property Details

Year built
1950
Lot size
1.18 AC
Property size (Sq ft)
2,096 SF
Zone code
B-1
Property type
Retail space
APN
15829
APU
15829

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $508,940
    6.5%
    $469,791
    7%
    $436,234
  • Comparable approach

    Method
    Valuation
    Relative Method
    $279,310
    Geo Method
    $364,055
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $918,934
    Mixed-Use / Specialty
    $466,986
    Hospitality / Lodging
    $341,141
    Office
    $463,034
    Institutional / Educational
    $485,073
    Residential Income
    $567,535
    Multifamily
    $686,937
    Automotive / Energy
    $415,777
    Parking / Income-Based Land
    $144,596
    Restaurant / Food Service
    $240,471
    Healthcare / Senior Housing
    $480,044

Location Insight

City
George Wash Memorial Hwy
County
Gloucester
State
Virginia
Latitude
37.3138
Longitude
-76.514
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
$2,223
$154,050
$227,280
$381,330
-
$154,050
$227,280
$381,330

FAQs

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