Technical
Financial
Distress signals
Property profile

116 Independence Blvd Ste 102 Virginia Beach, VA 23462

OFF-MARKET
Community centers
Property ID
US87-0924635
35,834 SF 4.31 ac lot Built 1986
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail space located adjacent to Virginia Beach Town Center, with surrounding businesses including DXL Men’s Apparel, Empire Beauty School, and Mission BBQ.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1986
Construction TYPE NOT SPECIFIED
Total area 35,834 SF
Lot 4.31 ac (187,959 SF)
Zoning code B3
APN 14774374890000
UPID US87-0924635

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

116 Independence Blvd Ste, Unit 102 Virginia Beach, VA 23462-6779
Virginia Beach metro Census 45605 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.89M

Owner & transaction history

since 2023
2 recorded transactions
2023
$22,672
2010
Price N/A

Zoning & alternative use

B3 · Virginia Beach, VA
Zoning description

The purpose of the B-3 Central Business District is to set apart that portion of the city which forms the metropolitan center for financial, commercial, professional and cultural activities, including business, professio…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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