Duplex Property with Established
For Sale
$375,000
739 S Rosemont Rd, Virginia Beach, VA 23452
Two residences are leased month to month, with one occupant preferring to remain and the other planning to move.
Property Size2,142 SF
Price / SF$175.07
Days on Market12
Property Features for 739 S Rosemont Rd
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Multi-Family
Building Details
Year Built
1999
Tenancy
Multi
Listing Agency:
The Real Estate Group
Listed By:
Alexandra Serrano · License #0225213354
(757) 705-5749
Source:
Vineyardhomesva
Added: Sep 15
Changed: Sep 24
Last Checked: Sep 24 at 10:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Group
Investment Insights
Based on property information with market context.
This 2,142-square-foot duplex was built in 1999 and is offered in its current as-is condition. The property has two existing tenants under month-to-month agreements, providing an established tenancy profile while allowing near-term lease flexibility.
Located at 739 S Rosemont Rd in Virginia Beach, the property includes one resident who prefers to stay and another who plans to leave. Tenant occupancy is reported at 5+ years, adding a documented history of extended tenancy to the property record.
Located at 739 S Rosemont Rd in Virginia Beach, the property includes one resident who prefers to stay and another who plans to leave. Tenant occupancy is reported at 5+ years, adding a documented history of extended tenancy to the property record.
Key Highlights
- 2,142‑square‑foot duplex built in 1999
- Two tenants occupy the property under month‑to‑month leases
- Tenant occupancy is reported at 5+ years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,352
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$567,040
$567.0K
Cap Rate 7%
$405,029
$405.0K
Cap Rate 9%
$315,022
$315.0K
Market Conditions
NOI Build-Up for 2,142 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.4K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$40.5K $18.91/SF
− OpEx
−$12.2K −$5.67/SF
NOI
$28.4K $13.24/SF
Area
ZIP 23452
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$567,040
Cap Rate 7%
$405,029
Cap Rate 9%
$315,022
Alternative Uses
Best Use
Multifamily LT 5
$405.0K
$354.4K – $472.5K
NOI $28,352 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$376.1K
$329.1K – $438.8K
NOI $26,329 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$555.2K
$485.8K – $647.7K
NOI $38,864 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
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Business Placement
Demographics for 23452, VA
59,076
Population
23,455
Households
2.5
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
15.1 sq mi
ZIP Area
3,912
Density / Sq Mi
$77,327
Median Household Income
$44,009
Median Earnings
$1,571
Median Rent
$324,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences are leased month to month, with one occupant preferring to remain and the other planning to move.
Where is this duplex located?
The property is located at 739 S Rosemont Rd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,142‑square‑foot duplex built in 1999; Two tenants occupy the property under month‑to‑month leases; Tenant occupancy is reported at 5+ years
