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Property profile & analytics
OFF-MARKET
Estimated value
$6,720,000
Medical Office Space
100 Kingsley Ln Norfolk, VA 23505-4604
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-3367846
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Total area
87,100 SF
Lot
1.67 ac (72,832 SF)
Zoning code
IN-2
APN
60053100
UPID
US87-3367846
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bon Secours Va Health System Medical Clinic
-
WomanCare Centers PLC Medical Clinic
-
Saumil V. Patel, MD Physician
-
Angela W. Parson, MD Physician
-
Lenny Laureta, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.72M
Owner & transaction history
St Vincent De Paul House LLC · 2 yrs held
St Vincent De Paul House LLC
since 2023
Last sale
$5.7M
1 recorded transaction
Zoning & alternative use
IN-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Adopted Zoning Ordinance
Top alternative use upside
Auto repair, garage
$10.5M
+92.2%
Office building
$8.3M
+51.0%
Industrial (general)
$7.7M
+40.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,700,000
ML approach
$7,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,465,000
Current use
AUTO REPAIR, GARAGE
$10,500,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$8,250,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,680,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$7,265,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,990,000
Change: +28% · Conversion: Easy
WAREHOUSE, STORAGE
$5,190,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$6.72M
Range $6.05M – $7.39M · ±10% · vs last sale $5.70M (Dec 8 2023)
Last sale anchor
$5.70M
Dec 8 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$77 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$16,015
Tax year 2024
Assessed value
$1,281,200
Assessed 2024
Previous assessed
$6,246,300
-79.5% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,019,900
Assessed improvement
$261,300
Land market value
$1,019,900
Improvement market value
$261,300
Total market value
$1,281,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
YES
Stories
6
Total area
87,100 SF
Lot
1.67 ac (72,832 SF)
Zoning code
IN-2
APN
60053100
UPID
US87-3367846
Jurisdiction
NORFOLK CITY
Zoning & alternative use
IN-2 · Norfolk, VAZoning IN-2 · permitted uses
IN-2 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Adopted Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$10.5M
OFFICE BUILDING
Est. value
$8.3M
INDUSTRIAL (GENERAL)
Est. value
$7.7M
RETAIL STORES
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$5.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Cooling
Yes
Stories
6
Lot
1.67 ac
Current owner
From public records · entity-resolved
St Vincent De Paul House LLC
Entity
Free & Clear · 2 yrs held
Mailing address
443 KEMPSVILLE RD, NORFOLK, VA 23502-4727
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
$5,700,000
St Vincent De Paul House LLC
Maryview Hospital LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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