Property profile

1073 48th St Norfolk, VA 23508

OFF-MARKET
Grocery and convenience stores
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Property ID
US87-3361045
2,922 SF 0.24 ac Built 1964
Last sale Aug 2024·$4,100,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$5k
Tax billed · 2024
Assessed value$428k
Assessed land$154k
Assessed improvement$274k
Effective rate1.25%

Value estimate

· Nov 2026
$4.10M
$3.69M – $4.51M
AI approach$4.10M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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?
C-2
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office21.5
Law Firm19.5
Building Supply13.3

Location

1073 48th St Norfolk, VA 23508-1967
County assessor Recorded deeds · 1 transfer 11 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
5200 Colley, Norfolk, VA 23508-2044 $1,371,500 Feb 2023 2,628 SF
5000 Colley, Norfolk, VA 23508-2040 $420,000 Feb 2022 3,995 SF
4914 Colley, Norfolk, VA 23508-2038 $205,000 Jun 2021 1,846 SF
5115 Colley, Norfolk, VA 23508-2041 $360,000 Feb 2021 2,896 SF
4807 Colley, Norfolk, VA 23508-2081 $225,000 Feb 2021 2,728 SF
5109 Colley, Norfolk, VA 23508-2041 $285,000 Feb 2021 2,560 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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