2900 George Washington Memorial Highway Yorktown, Virginia

2900 George Washington Memorial Highway
Yorktown, Virginia
Property Size: .58 Acre
Building Size: 3,182 Square Foot
Frontage: 229.49 Feet on Highway 17
Zoning: GB (General Business)
Traffic Count: 38,000 VPD
Space turned over as-is; needs some work.
Monty Spencer
110 Mid-Atlantic Place
Yorktown, Virginia 23693
757-515-3333
[email protected]
The information contained herein has been obtained from sources deemed to be reliable. However, the accuracy of such information is not guaranteed by Mid-Atlantic
Commercial Real Estate or its Agents. It is the responsibility of interested parties, who may be relying on the accuracy of the information contained herein, to conduct
their own due diligence and perform their own independent verification of any information contained herein to the extent that they deem necessary.
Executive Summary
Prepared by Tammy Buchli
2900 George Washington Memor...
Latitude: 37.124126
Longitude: -76.457811
Ring: 1, 3, 5 Miles
1 mile radius
3 miles radius
5 miles radius
4,830
48.6%
51.4%
40.3
55,010
48.4%
51.6%
35.3
161,668
48.4%
51.6%
34.7
$93,149
$34,905
$101,881
$67,459
$29,688
$78,011
$59,181
$26,707
$68,180
1,718
2.81
20,663
2.64
62,807
2.54
2010 Housing
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
83.0%
12.3%
4.7%
59.4%
35.6%
5.0%
55.8%
38.7%
5.5%
Population
1990 Population
2000 Population
2010 Population
2015 Population
1990-2000 Annual Rate
2000-2010 Annual Rate
2010-2015 Annual Rate
2,190
3,974
4,830
5,023
6.14%
1.92%
0.79%
33,291
50,618
55,010
55,359
4.28%
0.82%
0.13%
119,490
152,741
161,668
161,787
2.49%
0.56%
0.01%
2010 Population
Total Population
Male Population
Female Population
Median Age
2010 Income
Median HH Income
Per Capita Income
Average HH Income
2010 Households
Total Households
Average Household Size
In the identified market area, the current year population is 161,668. In 2000, the Census count in the market area was 152,741. The rate of
change since 2000 was 0.56 percent annually. The five-year projection for the population in the market area is 161,787, representing a
change of 0.01 percent annually from 2010 to 2015. Currently, the population is 48.4 percent male and 51.6 percent female.
Households
1990 Households
2000 Households
2010 Households
2015 Households
1990-2000 Annual Rate
2000-2010 Annual Rate
2010-2015 Annual Rate
751
1,403
1,718
1,788
6.45%
2%
0.8%
11,806
18,822
20,663
20,844
4.77%
0.91%
0.17%
44,872
58,388
62,807
63,082
2.67%
0.71%
0.09%
The household count in this market area has changed from 58,388 in 2000 to 62,807 in the current year, a change of 0.71 percent annually.
The five-year projection of households is 63,082, a change of 0.09 percent annually from the current year total. Average household size is
currently 2.54, compared to 2.58 in the year 2000. The number of families in the current year is 42,975 in the market area.
Housing
Currently, 55.8 percent of the 66,452 housing units in the market area are owner occupied; 38.7 percent, renter occupied; and 5.5 percent
are vacant. In 2000, there were 60,825 housing units - 57.9 percent owner occupied, 38.1 percent renter occupied and 4.0 percent vacant.
The rate of change in housing units since 2000 is 0.87 percent. Median home value in the market area is $206,640, compared to a median
home value of $157,913 for the U.S. In five years, median home value is projected to change by 5.85 percent annually to $274,564. From
2000 to the current year, median home value changed by 6.02 percent annually.
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015. Esri converted 1990 Census data into 2000 geography.
©2011 Esri
4/10/2012
Page 1 of 2
Executive Summary
Prepared by Tammy Buchli
2900 George Washington Memor...
Latitude: 37.124126
Longitude: -76.457811
Ring: 1, 3, 5 Miles
1 mile radius
3 miles radius
5 miles radius
Median Household Income
1990 Median HH Income
2000 Median HH Income
2010 Median HH Income
2015 Median HH Income
1990-2000 Annual Rate
2000-2010 Annual Rate
2010-2015 Annual Rate
$47,393
$74,109
$93,149
$105,005
4.57%
2.26%
2.43%
$35,115
$50,744
$67,459
$77,845
3.75%
2.82%
2.91%
$33,095
$45,220
$59,181
$66,210
3.17%
2.66%
2.27%
Per Capita Income
1990 Per Capita Income
2000 Per Capita Income
2010 Per Capita Income
2015 Per Capita Income
1990-2000 Annual Rate
2000-2010 Annual Rate
2010-2015 Annual Rate
$15,891
$26,596
$34,905
$39,264
5.29%
2.69%
2.38%
$14,392
$22,599
$29,688
$33,898
4.62%
2.7%
2.69%
$14,403
$20,983
$26,707
$30,581
3.83%
2.38%
2.75%
$48,229
$78,783
$101,881
$114,554
5.03%
2.54%
2.37%
$39,767
$59,646
$78,011
$88,844
4.14%
2.65%
2.63%
$38,263
$54,291
$68,180
$77,793
3.56%
2.25%
2.67%
Average Household Income
1990 Average Household Income
2000 Average Household Income
2010 Average HH Income
2015 Average HH Income
1990-2000 Annual Rate
2000-2010 Annual Rate
2010-2015 Annual Rate
Households by Income
Current median household income is $59,181 in the market area, compared to $54,442 for all U.S. households. Median household income is
projected to be $66,210 in five years. In 2000, median household income was $45,220, compared to $33,095 in 1990.
Current average household income is $68,180 in this market area, compared to $70,173 for all U.S. households. Average household income
is projected to be $77,793 in five years. In 2000, average household income was $54,291, compared to $38,263 in 1990.
Current per capita income is $26,707 in the market area, compared to the U.S. per capita income of $26,739. The per capita income is
projected to be $30,581 in five years. In 2000, the per capita income was $20,983, compared to $14,403 in 1990.
Population by Employment
Total Businesses
Total Employees
301
3,463
2,266
28,848
5,774
63,401
Currently, 91.9 percent of the civilian labor force in the identified market area is employed and 8.1 percent are unemployed. In comparison,
89.2 percent of the U.S. civilian labor force is employed, and 10.8 percent are unemployed. In five years the rate of employment in the market
area will be 94.0 percent of the civilian labor force, and unemployment will be 6.0 percent. The percentage of the U.S. civilian labor force that
will be employed in five years is 91.2 percent, and 8.8 percent will be unemployed. In 2000, 71.3 percent of the population aged 16 years or
older in the market area participated in the labor force, and 7.0 percent were in the Armed Forces.
In the current year, the occupational distribution of the employed population is:
• 65.6 percent in white collar jobs (compared to 61.6 percent of U.S. employment)
• 17.0 percent in service jobs (compared to 17.3 percent of U.S. employment)
• 17.4 percent in blue collar jobs (compared to 21.1 percent of U.S. employment)
In 2000, 84.5 percent of the market area population drove alone to work, and 1.8 percent worked at home. The average travel time to work in
2000 was 23.2 minutes in the market area, compared to the U.S. average of 25.5 minutes.
Population by Education
In 2010, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:
•
•
•
•
•
6.9 percent had not earned a high school diploma (14.8 percent in the U.S.)
25.1 percent were high school graduates only (29.6 percent in the U.S.)
10.5 percent had completed an Associate degree (7.7 percent in the U.S.)
19.3 percent had a Bachelor's degree (17.7 percent in the U.S.)
13.4 percent had earned a Master's/Professional/Doctorate Degree (10.4 percent in the U.S.)
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015. Esri converted 1990 Census data into 2000 geography.
©2011 Esri
4/10/2012
Page 2 of 2