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Property profile & analytics
OFF-MARKET
Estimated value
$3,605,000
Distribution centers
1424 Baker Rd Virginia Beach, VA 23455-3320
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1277854
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Construction
TYPE NOT SPECIFIED
Total area
37,890 SF
Lot
4.36 ac (190,096 SF)
Zoning code
I1
APN
14690402500000
UPID
US87-1277854
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
-
Eimskip USA Freight Service Logistics Company
-
ShopUSA.com Shipping Company Freight Service
-
hababa lili cake Restaurant
-
Foundation Building Materials Big Box & Wholesale Store Building Supply
-
Printer Command Production Facility (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.79M
CAP Approach
CAP
$4.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.61M
Owner & transaction history
Va Beach Baker Rd LLC · 5 yrs held
Va Beach Baker Rd LLC
since 2021
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
I1 · 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
$3,560,000
ML approach
$3,790,000
CAP Approach
CAP Return
Estimation
6%
$5,025,000
6.5%
$4,640,000
7%
$4,305,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,420,000
Current use
Blend value · Realmo final
$3.61M
Range $3.24M – $3.97M · ±10% · vs last sale $3.02M (Jun 16 2021)
Last sale anchor
$3.02M
Jun 16 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
$95 / 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
$27,767
Tax year 2024
Assessed value
$2,862,600
Assessed 2024
Previous assessed
$2,862,600
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$612,100
Assessed improvement
$2,250,500
Land market value
$612,100
Improvement market value
$2,250,500
Total market value
$2,862,600
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
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
37,890 SF
Lot
4.36 ac (190,096 SF)
Zoning code
I1
APN
14690402500000
UPID
US87-1277854
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
WAREHOUSE, STORAGE Current
Est. value
$5.4M
WAREHOUSE, STORAGE Current
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
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
4.36 ac
Current owner
From public records · entity-resolved
Va Beach Baker Rd LLC
Entity
Mailing address
67 MTN BLVD EXT STE #201, WARREN, NJ 07059-5846
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
—
Va Beach Baker Rd LLC
—
Deed
related
$84,235,000 · Bank Of America NA
Jun 16, 2021
$3,015,000
Va Beach Baker Rd LLC
Baker Associates LLC
Special Warranty Deed
$3,700,000 · Woodmen Of The World Life Insurance Soci
Apr 23, 2013
—
Baker Associates LLC
—
Deed Of Trust
related
$11,000,000 · Branch Banking & Trust Co
Jan 8, 2013
$1,500,000
Baker Associates LLC
Green Dot LLC
Grant Deed
$1,085,000 · Green Dot LLC
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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