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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Gas stations
130 Parker Ln Virginia Beach, VA 23454-3916
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0756127
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1960
Total area
6,000 SF
Lot
0.98 ac (42,602 SF)
Zoning code
I1
APN
14979417880000
UPID
US87-0756127
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
-
Sova Tech Auto Repair Shop
-
CMG Corporation Construction Company General Contractor
-
Tire repair shop Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$423k
Blend (final)
Blend
$650k
Owner & transaction history
Storaway Self Storage II LLC · 1 yrs held
Storaway Self Storage II LLC
since 2024
Last sale
$650,000
3 recorded transactions
Zoning & alternative use
I1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+62.5%
Auto repair, garage
$675,000
+31.7%
Restaurant
$605,000
+17.6%
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
Method
Estimation
Statistic approach
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$515,000
Current use
OFFICE BUILDING
$835,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: +32% · Conversion: Difficult
RESTAURANT
$605,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Dec 23 2024)
Last sale anchor
$650k
Dec 23 2024
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
$108 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,630
Tax year 2024
Assessed value
$770,700
Assessed 2024
Previous assessed
$770,700
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$554,400
Assessed improvement
$216,300
Land market value
$554,400
Improvement market value
$216,300
Total market value
$770,700
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1960
Heating
YES
Stories
1
Total area
6,000 SF
Lot
0.98 ac (42,602 SF)
Zoning code
I1
APN
14979417880000
UPID
US87-0756127
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.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$515,000
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$675,000
RESTAURANT
Est. value
$605,000
MEDICAL BUILDING
Est. value
$585,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$475,000
SERVICE STATION (FULL SERVICE) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Heating
YES
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Storaway Self Storage II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
451 TURF DR, VIRGINIA BEACH, VA 23452-5309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$650,000
Storaway Self Storage II LLC
Davis Holdings LLC
Bargain & Sale Deed
—
Jul 31, 2017
—
Davis Holdings LLC
Amelia D Davis
Quit Claim Deed
related
—
Jun 26, 2006
$75,000
Richard F Davis
Parker G J Family Trust
Grant 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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