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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Community centers
1479 General Booth Blvd Virginia Beach, VA 23454-5121
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3972474
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
12,022 SF
Lot
1.41 ac (61,637 SF)
Zoning code
B2
APN
24155658950000
UPID
US87-3972474
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
-
Gino's Pizzeria By Maurizio Restaurant
-
Salt Water Tattoo Tattoo & Piercing Shop
-
Jager's Beach Bar & Grill Bar & Pub Restaurant
-
General Booth Shops Shopping Center & Mall
-
Vega Star Vape (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.06M
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Volo Props LLC · 5 yrs held
Volo Props LLC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
B2 · 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
$2,950,000
ML approach
$3,060,000
CAP Approach
CAP Return
Estimation
6%
$2,435,000
6.5%
$2,250,000
7%
$2,090,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,240,000
Current use
COMMERCIAL (GENERAL)
$4,125,000
Change: -3% · Conversion: Easy
RETAIL STORES
$3,475,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.50M (Jan 5 2021)
Last sale anchor
$2.50M
Jan 5 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
$220 / 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
$22,174
Tax year 2024
Assessed value
$2,239,800
Assessed 2024
Previous assessed
$2,239,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$857,100
Assessed improvement
$1,382,700
Land market value
$857,100
Improvement market value
$1,382,700
Total market value
$2,239,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
12,022 SF
Lot
1.41 ac (61,637 SF)
Zoning code
B2
APN
24155658950000
UPID
US87-3972474
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
B2 · Virginia Beach, VA
Zoning B2 · permitted uses
B2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Volo Props LLC
Entity
Mailing address
905 ZIA CT, VIRGINIA BEACH, VA 23456-6760
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
—
Volo Properties LLC
—
Deed
related
$1,034,000 · Business Finance Group INC
Jan 5, 2021
$2,500,000
Volo Props LLC
1479 General Booth LLC
Warranty Deed
—
Jan 5, 2021
—
Volo Properties LLC
—
Deed
related
$1,004,000 · Abnb FCU
Feb 11, 2016
—
1479 General Booth LLC
Costen,timothy J
Grant Deed
related
$1,300,000 · Southern Bk
Mar 16, 2007
$1,950,000
Young J Kim
Deangelis,ronald A
Grant Deed
$950,000 · Burke & Herbert Bank & Trust
—
—
Ronald A Deangelis
—
Deed Of Trust
related
$500,000 · Southtrust Bank NA
—
—
Volo Props LLC
—
Deed Of Trust
related
$1,255,000 · Abnb FCU
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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