Technical
Financial
Distress signals
Property profile

1600 Premium Outlets Blvd Norfolk, VA 23502

OFF-MARKET
Community centers
Property ID
US87-3371395
30,036 SF 50.39 ac lot Built 2017
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2017
Total area 30,036 SF
Lot 50.39 ac (2,194,901 SF)
APN 80997620
UPID US87-3371395

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1600 Premium Outlets Blvd Norfolk, VA 23502-5521
Norfolk metro Census 980300 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$970k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.18M

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.9M +82.0%
Commercial (general) $1.7M +68.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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