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    Property profile & analytics

    1429 Air Rail Ave Virginia Beach, VA 23455-3001

    • Industrial properties
    • 2,689 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimation
    $680,000
    Last Sale
    Aug 20, 2021
    $618,000
    Location Intelligence
    Property ID
    US87-0814234
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1429 Air Rail Ave

    Year built
    1975
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.75 lot acres
    Property size
    2,689 SF
    Zone code
    I1
    Property type
    Industrial properties
    APN
    14598483000000
    APU
    14598483000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $530,000
      6.5%
      $555,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $635,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $590,000
      Retail
      $480,000
      Mixed-Use
      $520,000
      Hospitality
      $505,000
      Educational
      $500,000
      Residential Income
      $485,000
      Energy
      $440,000
      Income-Based Land
      $475,000
      Food Service
      $525,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1885
    Latitude
    36.8969
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,220
    $195,000
    $343,100
    $538,100
    -
    $195,000
    $343,100
    $538,100

    Comparable in this City

    • Value Estimation by Request
      41,775 SF

      1417 Miller Store Rd

      INDUSTRIAL (GENERAL) • 41,775 SF
      1417 Miller Store Rd, Virginia Beach, VA 23455-3327
      View Details
    • Value Estimation
      $7,090,000
      67,600 SF

      5721 Bayside Rd Ste M

      INDUSTRIAL (GENERAL) • 67,600 SF
      5721 Bayside Rd Ste M, Virginia Beach, VA 23455-3015
      View Details
    • Value Estimation by Request
      19,786 SF

      5828 Ward Ct

      INDUSTRIAL (GENERAL) • 19,786 SF
      5828 Ward Ct, Virginia Beach, VA 23455-3313
      View Details
    • Value Estimation
      $315,000
      2,612 SF

      4853 Shell Rd

      INDUSTRIAL (GENERAL) • 2,612 SF
      4853 Shell Rd, Virginia Beach, VA 23455-3801
      View Details
    • Value Estimation
      $580,000
      27,021 SF

      1364 Baker Rd

      INDUSTRIAL (GENERAL) • 27,021 SF
      1364 Baker Rd, Virginia Beach, VA 23455-3316
      View Details
    • Value Estimation by Request
      5,955 SF

      4865 Haygood Rd

      INDUSTRIAL (GENERAL) • 5,955 SF
      4865 Haygood Rd, Virginia Beach, VA 23455-5319
      View Details

    Similar Nearby for Sale

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      Retail Property in Virginia Beach

      Retail property available for sale in Virginia Beach, VA.
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    • Contact for pricing

      Industrial Land Available for Sale

      8.1 acres of industrial land with immediate availability.
      2540 Ferry Rd, Virginia Beach, VA 23455
      View Details
    • $190,000
      0.46 Acres

      Residential Land in Prime Location

      Land for sale in a convenient Virginia Beach location.
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    Similar Nearby for Lease

    • $2,950 /Mo
      2,500 SF

      Industrial Space Near Norfolk Airport

      Industrial space with convenient access to I-64 and amenities.
      5792 Northampton Blvd, Virginia Beach, VA 23455
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      20,000 SF

      Warehouse in Airport Industrial Park

      Warehouse/distribution facility with heavy power in Airport Industrial Park.
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    • Contact for pricing
      1,200 SF

      Retail Showroom/Warehouse Space Available

      18,702 SF retail showroom/warehouse near Norfolk Premium Outlets.
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    • $3,500 /Mo
      4,000 SF

      Virginia Beach Warehouse Space Available

      4,000 SF warehouse suite for lease near I-64.
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    • $11 SF/Yr
      83,200 SF

      Bayside Road Flex Space Available

      Virginia Beach Industrial Space for Lease
      5721 Bayside Rd, Virginia Beach, VA 23455
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Shore Drive

      Retail space available on Shore Drive in Virginia Beach.
      4701 Shore Dr, Virginia Beach, VA 23455
      View Details
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    1429 Air Rail Ave
    Virginia Beach, VA 23455-3001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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