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