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    Property profile & analytics

    120 Plz Trl Virginia Beach, VA 23452-5511

    • Retail space
    • 6,256 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $1,220,000
    Last Sale
    Dec 07, 2022
    $1,300,000
    Location Intelligence
    Property ID
    US87-1230544
    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

    • Iberia Group LLC / Holding Company
    • Tidewater Flooring / Contractor
    • 397 Office Park / Business Park / Shopping Mall
    • Iberia Contracting / General Contractor
    • Hydra Irrigation, LLC / Lawn Sprinkler System Contractor

    Property Details for 120 Plz Trl

    Year built
    1963
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.92 lot acres
    Property size
    6,256 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    14878336190000
    APU
    14878336190000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,420,000
      6.5%
      $1,300,000
      7%
      $1,385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,435,000
      Geo Method
      $1,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,160,000
      Retail
      $1,050,000
      Mixed-Use
      $1,175,000
      Hospitality
      $1,415,000
      Educational
      $1,220,000
      Residential Income
      $1,425,000
      Energy
      $1,325,000
      Income-Based Land
      $1,050,000
      Food Service
      $1,305,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0894
    Latitude
    36.8383
    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
    $6,104
    $260,400
    $356,200
    $616,600
    -
    $260,400
    $356,200
    $616,600

    Comparable in this City

    • Value Estimation by Request
      30,800 SF

      3320 Holland Rd

      RETAIL STORES (PERSONAL SERVICES) • 30,800 SF
      3320 Holland Rd, Virginia Beach, VA 23452-4826
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    • Value Estimation by Request
      12,599 SF

      4097 Virginia Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,599 SF
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    • Value Estimation by Request
      14,490 SF

      897 Lynnhaven Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 14,490 SF
      897 Lynnhaven Pkwy, Virginia Beach, VA 23452-7203
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    • Value Estimation
      $400,000
      4,935 SF

      3540 Plz Trl

      RETAIL STORES (PERSONAL SERVICES) • 4,935 SF
      3540 Plz Trl, Virginia Beach, VA 23452-4220
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    • Value Estimation by Request
      9,960 SF

      155 Rosemont Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,960 SF
      155 Rosemont Rd, Virginia Beach, VA 23452-4301
      View Details
    • Value Estimation
      $1,805,000
      13,096 SF

      2976 Virginia Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 13,096 SF
      2976 Virginia Bch Blvd, Virginia Beach, VA 23452-6902
      View Details

    Similar Nearby for Sale

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      NNN Red Lobster with 5.25% cap rate for sale.
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    Similar Nearby for Lease

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      Retail space with prime visibility and favorable access.
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      Retail Space in Virginia Beach

      Retail space available for lease in Virginia Beach, VA.
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    • $12 SF/Yr
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      Office/Retail Center Space Available

      Office and retail spaces available for lease in Virginia Beach.
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    • $17 SF/Yr
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      Retail space available in 7-11 anchored neighborhood center.
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    • $28 SF/Yr
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      Retail Space Near Kroger

      Retail spaces available adjacent to Kroger in Virginia Beach.
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      View Details
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    120 Plz Trl
    Virginia Beach, VA 23452-5511
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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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