Financial
Distress signals
Property profile

3111 Virginia Bch Blvd Norfolk, VA 23504

OFF-MARKET
Showrooms
Property ID
US87-3369981
15,070 SF 1.04 ac lot Built 1948
Last sale Jun 2023 · $800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 3111 East Virginia Beach Boulevard in Norfolk consists of approximately 15,000 square feet of improvements in two structures on a ±1.04-acre commercial site. It is configured for automotive service, with the existing use focused on fleet transmission repair serving buses and other heavy vehicles, reflecting an automotive service profile within a broader commercial setting. The site fronts a primary arterial roadway in the Broad Creek corridor and is zoned C-C (Community

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?
$10k
Tax billed · 2024
Assessed value$771k
Assessed land$273k
Assessed improvement$499k
Effective rate1.25%

Value estimate

· Sep 2026
$1.08M
$972k – $1.19M
AI approach$1.05M
Submarket $/SF estimate$1.41M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$116/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$68 – $159
Qualifying comparables9

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?
I-3
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency32.4
Law Firm25.4
Restaurant25.3

Location

3111 Virginia Bch Blvd Norfolk, VA 23504-4108
County assessor Recorded deeds · 3 transfers 9 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
3900 Granby, Norfolk, VA 23504-1202 $847,500 Sep 2023 16,062 SF
2415 Church, Norfolk, VA 23504-1607 $1,052,800 Oct 2022 20,191 SF
2328 Princess Anne, Norfolk, VA 23504-3028 $2,470,000 Apr 2021 9,180 SF
2810 Monticello, Norfolk, VA 23504-1620 $280,000 Oct 2020 5,150 SF
1270 Bolton, Norfolk, VA 23504-2829 $645,000 Dec 2019 14,820 SF
220 25th, Norfolk, VA 23504-1627 $300,000 Oct 2018 7,110 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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