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Property profile & analytics
FOR LEASE
Industrial properties
1252 Jensen Dr Virginia Beach, VA 23451
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1245002
For Lease
1 / 5
$16 SF/Yr
1252 Jensen Dr, Virginia Beach, VA 23451
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2024
Total area
7,140 SF
Lot
2.67 ac (116,262 SF)
Zoning code
I1
APN
24173267690006
UPID
US87-1245002
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1252 Jensen LLC · 4 yrs held
1252 Jensen LLC
since 2021
Last sale
$395,000
5 recorded transactions
Zoning & alternative use
I1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Virginia Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Virginia Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,990
Tax year 2024
Assessed value
$617,500
Assessed 2024
Previous assessed
$617,500
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$465,100
Assessed improvement
$152,400
Land market value
$465,100
Improvement market value
$152,400
Total market value
$617,500
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
For Lease
Year built
2024
Heating
YES
Stories
2
Total area
7,140 SF
Lot
2.67 ac (116,262 SF)
Zoning code
I1
APN
24173267690006
UPID
US87-1245002
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
I1 · Virginia Beach, VA
Zoning I1 · permitted uses
I1 · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Virginia Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2024
Heating
YES
Stories
2
Lot
2.67 ac
Current owner
From public records · entity-resolved
1252 Jensen LLC
Entity
Mailing address
2953 BREEZY RD, VIRGINIA BEACH, VA 23451-1509
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
—
1252 Jensen LLC
—
Deed
related
$2,020,000 · New Horizon Bank NA
Dec 12, 2023
—
1252 Jensen LLC
—
Deed
related
$1,216,750 · Blue Ridge Bank
Aug 4, 2021
$395,000
1252 Jensen LLC
Chesapeake Atlantic LLC
Deed
$256,750 · Blue Ridge Bank
Feb 9, 2018
—
Chesapeake Atlantic LLC
—
Deed
related
$150,000 · Virginia Commonwealth Bank
—
—
Chesapeake Atlantic LLC
—
Deed Of Trust
related
$150,000 · Virginia Cmnwlt Bk
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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