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Financial
Distress signals
Property profile

796 Lynnhaven Pkwy Virginia Beach, VA 23452

FOR LEASE
Drive through restaurants
Property ID
US87-0643998
3,182 SF 2.02 ac lot Built 2022
Last sale Jul 2021 · $2,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail site configured to support drive-through use, offering retail space sizes up to 3,650 square feet. It is anchored by Freddy’s Frozen Custards & Steakburgers and is laid out to allow build-to-suit development or a ground lease arrangement. The site is located on Lynnhaven Parkway across from Lynnhaven Regional Mall, with access via the traffic signal at the intersection of Lynnhaven Parkway and Lishelle Place, and features abundant on-site parking. The property is…

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?
$26k
Tax billed · 2024
Assessed value$2.62M
Assessed land$1.60M
Assessed improvement$1.02M
Effective rate0.99%

Value estimate

· Oct 2026
$2.60M
$2.34M – $2.85M
AI approach$2.87M
Submarket $/SF estimate$2.46M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$451/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$196 – $773

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: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store12.0
Skin Care Clinic10.9
Garden Center10.9

Location

796 Lynnhaven Pkwy Virginia Beach, VA 23452
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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
4287 Holland, Virginia Beach, VA 23452-1937 $1,100,000 Jan 2024 2,852 SF
3336 Holland, Virginia Beach, VA 23452-4826 $845,000 Jan 2023 2,714 SF
3541 Holland, Virginia Beach, VA 23452-4064 $2,481,000 Jun 2022 3,698 SF
798 Lynnhaven, Virginia Beach, VA 23452-7315 $5,322,460 Jan 2021 3,626 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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