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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Retail space
1011 Little Crk Rd Norfolk, VA 23505-2025
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-3351124
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Total area
2,915 SF
Lot
0.24 ac (10,446 SF)
Zoning code
C-2
APN
44559645
UPID
US87-3351124
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
-
Little Creek Family Dental Dental Office
-
Nationwide Bank Loan Service
-
Norfolk Dental Assistant School Vocational School Training Center
-
Yvonne Mack Dental Office
-
Edward Sills O'keefe Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$560k
Owner & transaction history
Mcneill Investments LLC · 5 yrs held
Mcneill Investments LLC
since 2020
Last sale
$450,000
5 recorded transactions
Zoning & alternative use
C-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Adopted Zoning Ordinance
Top alternative use upside
Office building
$575,000
+19.6%
Auto repair, garage
$565,000
+17.4%
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
$560,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
RETAIL STORES
$480,000
Current use
OFFICE BUILDING
$575,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$565,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $450k (Dec 18 2020)
Last sale anchor
$450k
Dec 18 2020
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
$192 / 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
$5,318
Tax year 2024
Assessed value
$425,400
Assessed 2024
Previous assessed
$425,400
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$89,400
Assessed improvement
$336,000
Land market value
$89,400
Improvement market value
$336,000
Total market value
$425,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
2,915 SF
Lot
0.24 ac (10,446 SF)
Zoning code
C-2
APN
44559645
UPID
US87-3351124
Jurisdiction
NORFOLK CITY
Zoning & alternative use
C-2 · Norfolk, VAZoning C-2 · permitted uses
C-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
RETAIL STORES Current
Est. value
$480,000
OFFICE BUILDING
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$565,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Mcneill Investments LLC
Entity
Mailing address
1157 KNIGHTS BRG LN, VIRGINIA BEACH, VA 23455-2586
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2025
—
Mcneill Investments LLC
—
Deed
related
$417,500 · Southern Bank & Trust Co
Dec 5, 2022
—
Mcneil Investments LLC
—
Deed
related
$64,199 · Southern Bank And Trust Company
Sep 6, 2022
—
Mcneill Investments LLC
—
Deed
related
$100,000 · Southern Bank And Trust Company
Dec 18, 2020
$450,000
Mcneill Investments LLC
Indian River Road Properties LLC
Warranty Deed
$360,000 · Southern Bank And Trust Co
Oct 31, 2011
—
Indian River Road Properties LLC
4214 Indian River Road Associates L
Deed
$107,956 · Townebank
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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