1506 Kempsville Rd Virginia Beach, VA 23464-7211
Property profile & analytics
1506 Kempsville Rd Virginia Beach, VA 23464-7211
- Day care centers
- 6,288 SF
- 0.88 lot acres
Property ID
US87-0080968
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.
Location Intelligence
Current Use by Public Records
- Childtime on Kempsville Road / Daycare Center
Property Details for 1506 Kempsville Rd
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 0.88 lot acres
- Property size
- 6,288 SF
- Zone code
- R75
- Property type
- Day care centers
- APN
- 14652682150000
- APU
- 14652682150000
Description
This exceptional investment opportunity presents a 6,399 square foot daycare center in Virginia Beach, VA, on a 0.89-acre lot. The property boasts a strong absolute triple-net (NNN) lease with a corporate guarantee from Learning Care Group, the second-largest childcare provider in the U.S., ensuring minimal landlord responsibilities. The current lease, with a remaining term of 1.3 years, includes a 5-year option and rent bumps based on the lesser of CPI or 10% every five years. The property enjoys a prime location on Kempsville Road (34,000+ VPD) and near Indian River Road (60,000+ VPD), surrounded by a dense retail corridor including Walgreens, 7-Eleven, and major employers. Built in 1986, the center benefits from its proximity to Regent University and numerous schools, creating a high-demand area. The current NOI is $122,235, resulting in a 7.20% cap rate, and the asking price is $1,700,000 ($265.67/sq ft). This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential in a thriving community. The tenant has operated successfully at this location for over 20 years.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -76.1781
- Latitude
- 36.7922
- 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
$10,247
$563,600
$471,400
$1,035,000
-
$563,600
$471,400
$1,035,000
