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Property profile & analytics
FOR LEASE
Showrooms
1225 25Th St Norfolk, VA 23508
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0000101
For Lease
1 / 9
$129-$26,322/Mo per office
1225 25Th St, Norfolk, VA 23508
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1954
Total area
27,768 SF
Lot
4.64 ac (201,944 SF)
APN
14103508
UPID
US87-0000101
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
-
Virginia ABC (Bike/Boat/Book/etc) Store
-
StretchLab Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.65M
CAP Approach
CAP
$4.52M
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$4.33M
Owner & transaction history
Ccb Railyard LLC · 4 yrs held
Ccb Railyard LLC
since 2021
Last sale
$3.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.5M
+69.8%
Auto repair, garage
$5.4M
+66.7%
Retail stores
$4.6M
+42.0%
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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
$4,265,000
ML approach
$4,650,000
CAP Approach
CAP Return
Estimation
6%
$4,895,000
6.5%
$4,520,000
7%
$4,195,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,220,000
Current use
OFFICE BUILDING
$5,470,000
Change: +70% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,370,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$4,570,000
Change: +42% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,665,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,025,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.90M – $4.76M · ±10% · vs last sale $3.50M (Sep 22 2021)
Last sale anchor
$3.50M
Sep 22 2021
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
$156 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$52,919
Tax year 2023
Assessed value
$4,311,800
Assessed 2023
Previous assessed
$4,311,800
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,998,700
Assessed improvement
$313,100
Land market value
$3,998,700
Improvement market value
$313,100
Total market value
$4,311,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1954
Heating
NONE
Stories
1
Total area
27,768 SF
Lot
4.64 ac (201,944 SF)
APN
14103508
UPID
US87-0000101
Jurisdiction
NORFOLK CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Stories
1
Lot
4.64 ac
Current owner
From public records · entity-resolved
Ccb Railyard LLC
Entity
Free & Clear · 4 yrs held
Mailing address
200 S ORANGE AVE, ORLANDO, FL 32801-3410
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
—
Ccb Railyard LLC
—
Deed
related
$15,000,000 · United Bank
Sep 22, 2021
$3,500,000
Ccb Railyard LLC
Victoria Sue Coleman
Special Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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