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Property profile & analytics
OFF-MARKET
Estimated value
$5,725,000
Warehouses
1533 Harpers Rd Virginia Beach, VA 23454-5318
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-1126448
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
3,370 SF
Lot
6.07 ac (264,366 SF)
Zoning code
I2
APN
24059922190000
UPID
US87-1126448
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
-
Mid-Atlantic Moving & Storage Moving Company Storage Facility
-
Prime Storage Storage Facility
-
Grigg Brothers Tree Service Incorporated Landscaping General Contractor
-
Constructis Energy Supplier
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.49M
Blend (final)
Blend
$5.73M
Owner & transaction history
Bfg Va LLC · 4 yrs held
Bfg Va LLC
since 2021
Last sale
$5.6M
5 recorded transactions
Zoning & alternative use
I2 · 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
$6,645,000
ML approach
$6,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±10% · vs last sale $5.63M (Aug 3 2021)
Last sale anchor
$5.63M
Aug 3 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
$1,699 / 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
$60,836
Tax year 2024
Assessed value
$6,271,800
Assessed 2024
Previous assessed
$6,271,800
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$674,200
Assessed improvement
$5,597,600
Land market value
$674,200
Improvement market value
$5,597,600
Total market value
$6,271,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
TYPE NOT SPECIFIED
Heating
YES
Buildings
9
Stories
1
Total area
3,370 SF
Lot
6.07 ac (264,366 SF)
Zoning code
I2
APN
24059922190000
UPID
US87-1126448
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
I2 · Virginia Beach, VA
Zoning I2 · permitted uses
I2 · 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
2004
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Buildings
9
Lot
6.07 ac
Current owner
From public records · entity-resolved
Bfg Va LLC
Entity
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
$5,632,042
Bfg Va LLC
Prime Storage Harpers Road Va Beach
Special Warranty Deed
$468,000,000 · Jpmorgan Chase Bank NA
Feb 15, 2017
$3,750,000
Prime Storage Harpers Road Vir
Deal INC
Grant Deed
$2,947,500 · Goldman Sachs Bk USA
Jul 6, 2006
—
Deal INC
—
Deed Of Trust
related
$1,100,000 · Bank Of Hampton Roads
—
—
Deal INC
—
Deed Of Trust
related
$625,000 · Bank Of Hampton Roads
—
—
Deal INC
—
Deed Of Trust
related
$2,800,000 · Bank Of Hampton Roads
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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