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    Property profile & analytics

    1248 Culver Ln Virginia Beach, VA 23454-5710

    • Office buildings
    • 2,880 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US87-0455002
    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

    • Bunn Insurance Agency Inc / Life Insurance Agency / Renter'S Insurance Agency
    • Bunn Insurance Agency / Insurance Agency
    • Quality Insurance Partners / Insurance Agency / Home Insurance Agency

    Property Details for 1248 Culver Ln

    Year built
    2005
    Construction
    FRAME
    Lot size
    0.32 lot acres
    Property size
    2,880 SF
    Zone code
    B1A
    Property type
    Office buildings
    APN
    24153172010000
    APU
    24153172010000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $200,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $160,000
      Mixed-Use
      $185,000
      Hospitality
      $185,000
      Educational
      $220,000
      Residential Income
      $180,000
      Energy
      $220,000
      Income-Based Land
      $200,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0047
    Latitude
    36.7748
    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
    $5,399
    $195,800
    $349,600
    $545,400
    -
    $195,800
    $349,600
    $545,400

    Comparable in this City

    • Value Estimation by Request
      27,310 SF

      984 1st Colonial Rd Ste, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 27,310 SF
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      View Details
    • Value Estimation by Request
      9,178 SF

      2220 Laskin Rd

      OFFICE BUILDING • 9,178 SF
      2220 Laskin Rd, Virginia Beach, VA 23454-4211
      View Details
    • Value Estimation by Request
      5,572 SF

      996 1st Colonial Rd

      OFFICE BUILDING • 5,572 SF
      996 1st Colonial Rd, Virginia Beach, VA 23454-3175
      View Details
    • Value Estimation
      $955,000
      0.26 Acres

      1864 Colonial Medical Ct

      OFFICE BUILDING • 0.26 Acres
      1864 Colonial Medical Ct, Virginia Beach, VA 23454
      View Details
    • Value Estimation
      $335,000
      2,072 SF

      2212 Laskin Rd

      OFFICE BUILDING • 2,072 SF
      2212 Laskin Rd, Virginia Beach, VA 23454-4211
      View Details
    • Value Estimation by Request
      12,150 SF

      2020 General Booth Blvd Ste, Unit 240

      OFFICE BUILDING (MULTI-STORY) • 12,150 SF
      2020 General Booth Blvd Ste, Virginia Beach, VA 23454-5875
      View Details

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    Similar Nearby for Lease

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    • $30 SF/Yr
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      Medical Office Space For Rent

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      Cost-effective office space with ample parking and included utilities.
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    • Contact for pricing
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    1248 Culver Ln
    Virginia Beach, VA 23454-5710
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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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