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Financial
Distress signals
Property profile

509 Old Great Nck Rd Ste 101 Virginia Beach, VA 23454

OFF-MARKET
Office buildings
Property ID
US87-0626114
9,356 SF 0.89 ac lot Built 1984
Last sale May 2024 · $1,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a two-story office building with approximately 9,356 square feet of space. It is configured to provide office suites, including a 2,200-square-foot suite. The building has monument signage with visibility on Old Great Neck Road and is located in the Hilltop/Great Neck submarket, with convenient access to the interstate system.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$8k
Tax billed · 2024
Assessed value$822k
Assessed land$218k
Assessed improvement$604k
Effective rate0.99%

Value estimate

· Oct 2026
$1.55M
$1.40M – $1.71M
AI approach$1.55M
CAP approach$2.15M
Submarket $/SF estimate$1.20M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$205/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$128 – $288
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
O2
The O-2 Office District is intended for larger scale office and institutional structures and uses in areas where public facilities are av...
General categoryCIVIC_INSTITUTIONAL
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.6
Dental Office13.0
Daycare Center10.9

Location

509 Old Great Nck Rd Ste, Unit 101 Virginia Beach, VA 23454-3358
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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