Financial
Distress signals
Property profile

5511 Princess Anne Rd Virginia Beach, VA 23462

FOR SALE
Office buildings
Property ID
US87-0101547
16,980 SF 1.49 ac lot Built 1987
Last sale Jan 2022 · $1,800,000
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. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A two-story freestanding executive office and medical building located in the Kempsville area, with frontage and visibility along Princess Anne Road. The property includes an elevator and provides access to two parking lots, and it is positioned for connectivity to Interstate 64 and Interstate 264 and in proximity to Sentara Leigh Hospital. The building has signage exposure potential along Princess Anne Road.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$17k
Tax billed · 2024
Assessed value$1.76M
Assessed land$777k
Assessed improvement$987k
Effective rate0.99%

Value estimate

· Sep 2026
$1.64M
$1.48M – $1.80M
AI approach$1.63M
Submarket $/SF estimate$1.51M
NOI build-up
Gross scheduled income$329k
Vacancy & credit loss−$25k
Operating expenses−$122k
NOI · 7.76% cap applied$182k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
7.76%
$182k 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?
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: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store11.8
Pawn Shop10.6
Furniture Store10.5

Location

5511 Princess Anne Rd Virginia Beach, VA 23462
County assessor Recorded deeds · 2 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
125 Independence, Virginia Beach, VA 23462-6705 $6,160,890 May 2025 24,079 SF
209 Business Park, Virginia Beach, VA 23462-6586 $1,425,000 Sep 2024 12,328 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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