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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Industrial properties
1112 Jensen Dr Virginia Beach, VA 23451-5881
Trust Owned
15-yr Hold
~
Est. High Equity
Property ID
US87-1298548
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
23,121 SF
Lot
1.03 ac (44,649 SF)
Zoning code
I1
APN
24174343000153
UPID
US87-1298548
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
-
Noah Enterprises Inc Construction Company General Contractor
-
Elite Seats Building Supply
-
Office Armor Furniture & Home Goods
-
Zentuition Grooming & Spa Barber Shop
-
Mr. Appliance of North Virginia Beach Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.60M
Owner & transaction history
Albert N & Diana H Jensen L Trust · 15 yrs held
Albert N & Diana H Jensen L Trust
since 2010
5 recorded transactions
Zoning & alternative use
I1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Virginia Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Virginia Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10%
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
$69 / 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
$12,885
Tax year 2024
Assessed value
$1,328,400
Assessed 2024
Previous assessed
$1,328,400
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$314,400
Assessed improvement
$1,014,000
Land market value
$314,400
Improvement market value
$1,014,000
Total market value
$1,328,400
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Buildings
2
Stories
2
Total area
23,121 SF
Lot
1.03 ac (44,649 SF)
Zoning code
I1
APN
24174343000153
UPID
US87-1298548
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
I1 · Virginia Beach, VA
Zoning I1 · permitted uses
I1 · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Virginia Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Buildings
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Albert N & Diana H Jensen L Trust
Trust
Mailing address
1112 JENSEN DR STE #204, VIRGINIA BEACH, VA 23451-5573
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Nov 30, 2010
—
Albert N & Diana H Jensen L Trust
Jensen,albert N & Diana H
Quit Claim Deed
related
$1,825,000 · Community Bank NA
Apr 13, 2006
—
Jensen A N & D H Living Trust
Jensen,albert N & Diana H
Quit Claim Deed
related
—
—
—
Albert N Jensen
—
Deed Of Trust
related
$450,000 · Community Bank NA
—
—
Jensen,a N & D H Living Trust
—
Deed Of Trust
related
$2,050,000 · Wells Fargo Bk
—
—
Jensen A N & D H Living Trust
—
Deed Of Trust
related
$826,000 · Community Bank NA
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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