1500 RichmondWilliamsburg, VA 23185

  • Retail properties
  • 3,183 SF
Off market
$2,699,600 Estimated

Property Details for 1500 Richmond

Year built
2018
Lot size
1.61 AC
Property size (Sq ft)
3,183 SF
Zone code
B-2 (CORRIDOR BUSINESS)
Property type
Retail properties
Property subtype
Turn key restaurants
APN
3410.624.130
APU
3410624130

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $868,115
    6.5%
    $801,337
    7%
    $744,099
  • Comparable approach

    Method
    Valuation
    Relative Method
    $900,222
    Geo Method
    $1,339,614
  • Alternative Use

    Use
    Valuation
    Residential
    $675,958
    Hospitality
    $619,174
    Educational
    $515,145
    Medical
    $532,862
    Retail
    $801,337
1500 Richmond, Williamsburg, Virginia

Location Insight

City
Williamsburg
County
Williamsburg City
State
Virginia
Latitude
37.2904
Longitude
-76.7237
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
$16,738
$1,304,000
$1,395,600
$2,699,600
-
$1,304,000
$1,395,600
$2,699,600

FAQs

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