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Property profile & analytics
OFF-MARKET
Estimated value
$22,000,000
Distribution centers
1345 Taylor Farm Rd Virginia Beach, VA 23453-3170
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0645944
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Total area
95,400 SF
Lot
5.3 ac (230,868 SF)
Zoning code
I2
APN
14956718710000
UPID
US87-0645944
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
-
My Guys Moving & Storage Moving Company Storage Facility
-
LionHeart Alliance, LLC. Big Box & Wholesale Store
-
Gray Area Manufacturing LLC Textile Manufacturer Factory
-
Forcyte Records Management Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.00M
Owner & transaction history
Si Taylor Farm Owner LLC · 1 yrs held
Si Taylor Farm Owner LLC
since 2024
Last sale
$22.0M
6 recorded transactions
Zoning & alternative use
I2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$33.7M
+146.6%
Commercial (general)
$32.7M
+139.7%
Retail stores
$27.6M
+102.0%
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
$22,000,000
ML approach
$22,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,650,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$33,655,000
Change: +147% · Conversion: Moderate
COMMERCIAL (GENERAL)
$32,715,000
Change: +140% · Conversion: Difficult
RETAIL STORES
$27,575,000
Change: +102% · Conversion: Moderate
MEDICAL BUILDING
$22,460,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$17,595,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$22.00M
Range $19.80M – $24.20M · ±10% · vs last sale $22.00M (Jul 22 2024)
Last sale anchor
$22.00M
Jul 22 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
$231 / 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
$74,578
Tax year 2024
Assessed value
$7,688,500
Assessed 2024
Previous assessed
$7,688,500
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$508,800
Assessed improvement
$7,179,700
Land market value
$508,800
Improvement market value
$7,179,700
Total market value
$7,688,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Heating
YES
Stories
1
Total area
95,400 SF
Lot
5.3 ac (230,868 SF)
Zoning code
I2
APN
14956718710000
UPID
US87-0645944
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
WAREHOUSE, STORAGE Current
Est. value
$13.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$33.7M
COMMERCIAL (GENERAL)
Est. value
$32.7M
RETAIL STORES
Est. value
$27.6M
MEDICAL BUILDING
Est. value
$22.5M
OFFICE BUILDING
Est. value
$17.6M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
2008
Heating
YES
Stories
1
Lot
5.3 ac
Current owner
From public records · entity-resolved
Si Taylor Farm Owner LLC
Entity
Mailing address
3220 NN ST NW #228, WASHINGTON, DC 20007-2829
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
$22,000,000
Si Taylor Farm Owner LLC
Rta Taylor Farms LLC
Special Warranty Deed
$13,850,000 · Tristate Capital Bank
Nov 15, 2019
$5,700,000
Rta Taylor Farms LLC
Virginia Sthrn Props II LLC
Grant Deed
$10,465,000 · Miscellaneous Ins Co
Aug 1, 2016
—
Virginia Southern Properties II LLC
—
Deed
related
$3,900,000 · Townebank
Mar 2, 2010
—
Virginia Southern Props II LLC
—
Deed Of Trust
related
$4,760,000 · Old Pt National Bank Phoebus
May 1, 2007
—
Virginia Southern Props LLC
—
Trustees Deed
related
$4,692,000 · Towne Bank
Jun 15, 2004
$300,000
Virginia Southern Props II LLC
Taylor Group Of Va INC
Grant Deed
$350,000 · Resource Bank
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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