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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Retail space
1501 Lynnhaven Pkwy Ste 101 Virginia Beach, VA 23453-2006
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3860440
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
6,387 SF
Lot
0.69 ac (29,971 SF)
Zoning code
PDH1
APN
14855881550000
UPID
US87-3860440
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Rama Ents LLC · 22 yrs held
Rama Ents LLC
since 2004
7 recorded transactions
Zoning & alternative use
PDH1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$114 / 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
$8,572
Tax year 2024
Assessed value
$865,900
Assessed 2024
Previous assessed
$865,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$449,300
Assessed improvement
$416,600
Land market value
$449,300
Improvement market value
$416,600
Total market value
$865,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
6,387 SF
Lot
0.69 ac (29,971 SF)
Zoning code
PDH1
APN
14855881550000
UPID
US87-3860440
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
PDH1 · Virginia Beach, VA
Zoning PDH1 · permitted uses
PDH1 · 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.
Building & site characteristics
From public records
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Rama Ents LLC
Entity
Mailing address
1977 CHAMPION CIR, VIRGINIA BEACH, VA 23456-6798
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2004
$625,000
Rama Ents LLC
Dodd,richard G JR
Grant Deed
$500,000 · Northstar Funding
Feb 2, 2004
—
Richard G Dodd JR.
Dodd,imogene C
Quit Claim Deed
related
—
—
—
Rama Ents LLC
—
Deed Of Trust
related
$100,000 · Branch Banking & Trust Co
—
—
Rama Ents LLC
—
Deed Of Trust
related
$125,000 · Branch Banking & Trust Co Va
—
—
Rama Ents LLC
—
Deed Of Trust
related
$200,000 · Towne Bank
—
—
Rama Ents LLC
—
Deed Of Trust
related
$460,774 · Towne Bank
—
—
Rama Ents LLC
—
Deed Of Trust
related
$20,000 · Towne Bank
—
—
Rama Ents LLC
—
Deed Of Trust
related
$60,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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