Realmo Analytics

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

Value estimate

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

Realmo valuation models over county records and 12 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 comparables12

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 12 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
3818 Granby, Norfolk, VA 23504-1211 $105,000 Feb 2023 4,840 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
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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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