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    Property profile & analytics

    1185 Harmony Rd Norfolk, VA 23502-2356

    • Flex space
    • 7,908 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    $1,395,000
    Last Sale
    May 24, 2023
    $1,100,000
    Location Intelligence
    Property ID
    US87-3363312
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Princess Anne Paving Corporation / Paving Contractor
    • Aristocrat Towing / Towing Service

    Property Details for 1185 Harmony Rd

    Year built
    1980
    Lot size
    0.99 lot acres
    Property size
    7,908 SF
    Zone code
    I-2
    Property type
    Flex space
    APN
    23578000
    APU
    23578000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,485,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,225,000
      6.5%
      $1,160,000
      7%
      $1,230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,215,000
      Geo Method
      $1,060,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,160,000
      Retail
      $1,305,000
      Mixed-Use
      $1,035,000
      Hospitality
      $1,120,000
      Educational
      $1,255,000
      Residential Income
      $1,050,000
      Energy
      $1,115,000
      Income-Based Land
      $1,195,000
      Food Service
      $935,000

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.22
    Latitude
    36.8621
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,690
    $341,900
    $593,300
    $935,200
    -
    $341,900
    $593,300
    $935,200

    Comparable in this City

    • Value Estimation
      $320,000
      0.89 Acres

      5870 Curlew Dr

      LIGHT INDUSTRIAL • 0.89 Acres
      5870 Curlew Dr, Norfolk, VA 23502-4627
      View Details
    • Value Estimation by Request
      41,835 SF

      4675 Princess Anne Rd

      WAREHOUSE, STORAGE • 41,835 SF
      4675 Princess Anne Rd, Norfolk, VA 23502-1661
      View Details
    • Value Estimation by Request
      24,339 SF

      5609 Raby Rd

      MINI-WAREHOUSE, STORAGE • 24,339 SF
      5609 Raby Rd, Norfolk, VA 23502-2410
      View Details
    • Value Estimation by Request
      99,962 SF

      3800 Vlg Ave

      WAREHOUSE, STORAGE • 99,962 SF
      3800 Vlg Ave, Norfolk, VA 23502-5613
      View Details
    • Value Estimation by Request
      55,318 SF

      3759 Vlg Ave

      WAREHOUSE, STORAGE • 55,318 SF
      3759 Vlg Ave, Norfolk, VA 23502-5607
      View Details
    • Value Estimation by Request
      19,376 SF

      1160 Lance Rd

      WAREHOUSE, STORAGE • 19,376 SF
      1160 Lance Rd, Norfolk, VA 23502-2405
      View Details

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    Similar Nearby for Lease

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      2,740 SF

      Fleet Service Shop For Rent

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      View Details
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    Norfolk, VA 23502-2356
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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