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Financial
Distress signals
Property profile

5305 Indian Riv Rd Virginia Beach, VA 23464

OFF-MARKET
Retail space
Property ID
US87-0653219
14,736 SF 1.89 ac lot Built 2005
Last sale Nov 2021 · $6,029,411
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 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

This Walgreens retail property was constructed in 2005 and is a single-tenant, triple-net (NNN) investment configuration. The site comprises an estimated 2.01-acre parcel with approximately 14,820 rentable square feet of building area. The property has historically been leased to Walgreens under a long-term NNN lease structure that commenced in 2005 and included provisions for multiple tenant renewal options, with the lease design allowing for extension up to an extended maximum term through successive five-year renewals.

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?
$42k
Tax billed · 2024
Assessed value$4.28M
Assessed land$2.29M
Assessed improvement$2.00M
Effective rate0.99%

Value estimate

· Oct 2026
$7.12M
$6.40M – $7.83M
AI approach$7.31M
Submarket $/SF estimate$5.49M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$289/SF
Submarket average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$187 – $372
Qualifying comparables5

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?
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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.1
Building Supply13.3
Auto Parts Store11.0

Location

5305 Indian Riv Rd Virginia Beach, VA 23464-5320
County assessor Recorded deeds · 4 transfers 5 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
853 Kempsville, Virginia Beach, VA 23464-2708 $3,777,500 Jul 2024 6,813 SF
6095 Indian Riv, Virginia Beach, VA 23464-3818 $1,500,000 Nov 2023 7,480 SF
5472 Indian Riv, Virginia Beach, VA 23464-5365 $1,802,058 Sep 2023 5,493 SF
856 Military, Virginia Beach, VA 23464-3548 $6,272,727 Feb 2023 14,722 SF
5048 Ferrell, Virginia Beach, VA 23464-8867 $14,200,000 Mar 2021 6,149 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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