Property profile

209 Business Park Dr Virginia Beach, VA 23462

OFF-MARKET
Office buildings
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Property ID
US87-0688930
12,328 SF 1.01 ac Built 1985
Last sale May 2008·$1,425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$12k
Tax billed · 2024
Assessed value$1.25M
Assessed land$359k
Assessed improvement$896k
Effective rate0.99%

Value estimate

· Nov 2026
$1.43M
$1.28M – $1.57M
AI approach$1.43M
Submarket $/SF estimate$1.68M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$173/SF
ZIP average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$111 – $220
Qualifying comparables3

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?
I1
The purpose of the I-1 Light Industrial District is to permit light industrial uses, wholesaling, storage, packaging, distribution, and r...
General categoryINDUSTRIAL
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant21.7
Building Supply21.5
Wholesale Shop19.4

Location

209 Business Park Dr Virginia Beach, VA 23462-6586
County assessor Recorded deeds · 3 transfers 3 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
380 Cleveland, Virginia Beach, VA 23462-6529 $1,800,000 Aug 2024 10,639 SF
216 Business Park, Virginia Beach, VA 23462-6521 $1,660,000 Nov 2022 12,240 SF
533 Newtown Rd, Virginia Beach, VA 23462-5758 $600,000 Dec 2021 11,235 SF
628 Newtown, Virginia Beach, VA 23462-1631 $2,550,000 Oct 2021 11,310 SF
5032 Rouse Dr, Virginia Beach, VA 23462-3764 $2,500,000 Sep 2021 15,000 SF
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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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