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Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Outlet malls
1344 Taylor Farm Rd Virginia Beach, VA 23453-3141
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0929040
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Total area
7,680 SF
Lot
2.52 ac (109,704 SF)
Zoning code
I2
APN
14956842960000
UPID
US87-0929040
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
-
United Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Harrison Tire Center Associates LLC · 3 yrs held
Harrison Tire Center Associates LLC
since 2022
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
I2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+55.9%
Neighborhood: shopping center
$2.7M
+22.1%
Commercial (general)
$2.6M
+18.6%
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
$2,835,000
ML approach
$2,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,220,000
Current use
RESTAURANT
$3,460,000
Change: +56% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,710,000
Change: +22% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,635,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$1,810,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±10% · vs last sale $3.11M (Nov 14 2022)
Last sale anchor
$3.11M
Nov 14 2022
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
$385 / 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
$11,023
Tax year 2024
Assessed value
$1,113,400
Assessed 2024
Previous assessed
$1,113,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$390,400
Assessed improvement
$723,000
Land market value
$390,400
Improvement market value
$723,000
Total market value
$1,113,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Heating
YES
Stories
1
Total area
7,680 SF
Lot
2.52 ac (109,704 SF)
Zoning code
I2
APN
14956842960000
UPID
US87-0929040
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
I2 · Virginia Beach, VA
Zoning I2 · permitted uses
I2 · 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
RETAIL STORES Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2006
Heating
YES
Stories
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Harrison Tire Center Associates LLC
Entity
Mailing address
1205 KINGS GRANT DR, RALEIGH, NC 27614-9355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
$3,109,000
Harrison Tire Center Associates LLC
Tcih Ah LLC
Special Warranty Deed
—
Jan 20, 2022
$2,750,000
Tcih Ah LLC
Dfa LLC
Special Warranty Deed
$13,889,115 · Sdp Reit LLC
Jan 20, 2022
—
Dfa LLC
Deviand Virginia Beach LLC
Correction Deed
related
—
Sep 30, 2020
$1,350,000
Dfa LLC
Devland Va Bk LLC
Warranty Deed
—
May 11, 2005
$320,000
Devland Virginia Beach LLC
Galloway Corp
Warranty Deed
$250,000 · Branch Banking & Trust Co
—
—
Devland Virginia Beach LLC
—
Deed Of Trust
related
$920,000 · Branch Banking & Trust Co
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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