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Financial
Distress signals
Property profile

5250 Challedon Dr Virginia Beach, VA 23462

FOR LEASE
Warehouses
Property ID
US87-0080696
15,600 SF 0.62 ac lot Built 1975
Last sale Jan 2022 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This well-maintained, Class C office building at 5250 Challedon Drive in Virginia Beach, VA, offers a fantastic opportunity for businesses seeking flexible space. Built in 1975 and extensively renovated in 2018, the property boasts a total of 15,600 square feet, with only 100 square feet currently vacant. The building is zoned B-2, allowing for a variety of commercial uses. The property features a traditional office layout, suitable for single or multiple tenants, providing ample space for…

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?
$13k
Tax billed · 2024
Assessed value$1.36M
Assessed land$134k
Assessed improvement$1.23M
Effective rate0.97%

Value estimate

· Oct 2026
$1.19M
$1.07M – $1.30M
AI approach$1.16M
Submarket $/SF estimate$923k
NOI build-up
Gross scheduled income$309k
Vacancy & credit loss−$45k
Operating expenses−$66k
NOI · 33,011.50% cap applied$198k

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

Recently sold

What actually traded nearby?
$143/SF
Submarket average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$89 – $313
Qualifying comparables3

Cap rate analysis

How does the asset earn?
33,011.50%
$198k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2
The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is...
General categoryCOMMERCIAL
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop21.7
Restaurant20.5
Law Firm18.4

Location

5250 Challedon Dr Virginia Beach, VA 23462
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
5792 Arrowhead, Virginia Beach, VA 23462-3219 $1,250,000 Mar 2023 11,907 SF
120 Jersey, Virginia Beach, VA 23462-2508 $1,375,000 Dec 2022 13,054 SF
4987 Cleveland St, Virginia Beach, VA 23462-5315 $1,750,000 Sep 2022 14,220 SF
5241 Cleveland St, Virginia Beach, VA 23462-6548 $1,950,000 Apr 2022 10,912 SF
4901 Cleveland, Virginia Beach, VA 23462-5320 $3,970,000 Jun 2021 15,676 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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