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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Warehouses
1412 Taylor Farm Rd Virginia Beach, VA 23453-3175
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1232275
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Total area
12,800 SF
Lot
1.14 ac (49,634 SF)
Zoning code
I2
APN
14957668760000
UPID
US87-1232275
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
$1.79M
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$1.80M
Owner & transaction history
Jackson & Johnson Enterprises LLC · 4 yrs held
Jackson & Johnson Enterprises LLC
since 2021
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
I2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+28.9%
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
$1,770,000
ML approach
$1,785,000
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,830,000
Current use
OFFICE BUILDING
$2,360,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.50M (Nov 10 2021)
Last sale anchor
$1.50M
Nov 10 2021
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
$141 / 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
$15,180
Tax year 2024
Assessed value
$1,564,900
Assessed 2024
Previous assessed
$1,564,900
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$228,000
Assessed improvement
$1,336,900
Land market value
$228,000
Improvement market value
$1,336,900
Total market value
$1,564,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
YES
Stories
1
Total area
12,800 SF
Lot
1.14 ac (49,634 SF)
Zoning code
I2
APN
14957668760000
UPID
US87-1232275
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
$1.8M
OFFICE BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE Current
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
2007
Heating
YES
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Jackson & Johnson Enterprises LLC
Entity
Mailing address
2600 PERFORMANCE CT, VIRGINIA BEACH, VA 23453-3765
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
Nov 10, 2021
$1,500,000
Jackson & Johnson Enterprises LLC
1412 Tf LLC
Deed
$2,150,000 · Truist Bank
Jul 25, 2019
$971,500
1412 Tf LLC
W & F Partners One LLC
Warranty Deed
$777,200 · Townebank Mortgage
Apr 12, 2007
—
W & F Partners One LLC
—
Trustees Deed
related
$100,000 · Resource Bank
Apr 5, 2006
$175,000
W & F Partners One LLC
Jb Sims Construction Co INC
Grant Deed
$790,000 · Resource Bank
Dec 17, 2004
$103,000
Jb Sims Construction Co INC
Taylor Group Of Virginia INC
Grant Deed
$92,500 · Towne 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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