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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Automotive properties
1305 Oceana Blvd Virginia Beach, VA 23454-5508
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1068517
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2007
Construction
TYPE NOT SPECIFIED
Total area
3,904 SF
Lot
0.86 ac (37,635 SF)
Zoning code
AG2
APN
24154950660000
UPID
US87-1068517
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
-
BayShore Used Auto Sales Car Dealership
-
Best Buy Wheels Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
Marlin Services LLC · 3 yrs held
Marlin Services LLC
since 2023
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
AG2 · 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
Method
Estimation
Statistic approach
$1,525,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±10% · vs last sale $1.50M (Mar 28 2023)
Last sale anchor
$1.50M
Mar 28 2023
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
$386 / 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
$12,001
Tax year 2024
Assessed value
$1,212,200
Assessed 2024
Previous assessed
$1,212,200
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$526,900
Assessed improvement
$685,300
Land market value
$526,900
Improvement market value
$685,300
Total market value
$1,212,200
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Total area
3,904 SF
Lot
0.86 ac (37,635 SF)
Zoning code
AG2
APN
24154950660000
UPID
US87-1068517
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
AG2 · Virginia Beach, VA
Zoning AG2 · permitted uses
AG2 · 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
2007
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Marlin Services LLC
Entity
Mailing address
2409 SABINA WAY, VIRGINIA BEACH, VA 23456-6737
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
$1,500,000
Marlin Services LLC
Bt Associates LLC
Deed
$1,000,000 · Bayport Cu
Nov 18, 2013
$1,400,000
Bt Associates LLC
Sunhouse LLC
Grant Deed
$1,400,000 · Suntrust Bank NA
Sep 12, 2007
—
Sunhouse LLC
—
Trustees Deed
related
$300,000 · Branch Banking & Trust Co
Jun 27, 2007
—
Sunhouse LLC
Maher,david P
Grant Deed
related
—
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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