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    Property profile & analytics

    1609 Atlantic Ave Virginia Beach, VA 23451-3422

    • Bars
    • 3,598 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $12,030,000
    Last Sale
    Dec 01, 2022
    $12,800,000
    Location Intelligence
    Property ID
    US87-0683176
    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.

    Current Use by Public Records

    • Public restroom / Public Bathroom
    • Dairy Queen / Fast Food Restaurant

    Property Details for 1609 Atlantic Ave

    Year built
    1995
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.35 lot acres
    Property size
    3,598 SF
    Zone code
    OR
    Property type
    Bars
    Property subtype
    Pubs
    APN
    24272700650000
    APU
    24272700650000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $11,670,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,190,000
      6.5%
      $12,865,000
      7%
      $12,065,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,075,000
      Geo Method
      $13,735,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,165,000
      Retail
      $11,635,000
      Mixed-Use
      $10,730,000
      Hospitality
      $14,010,000
      Educational
      $13,970,000
      Residential Income
      $14,285,000
      Energy
      $13,595,000
      Income-Based Land
      $13,040,000
      Food Service
      $12,310,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -75.9738
    Latitude
    36.8452
    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
    $0.00
    $4,074,300
    $586,100
    $4,660,400
    -
    $4,074,300
    $586,100
    $4,660,400

    Comparable in this City

    • Value Estimation
      $490,000
      3,598 SF

      1609 Atlantic Ave, Unit TLH

      BAR, TAVERN • 3,598 SF
      1609 Atlantic Ave, Virginia Beach, VA 23451-3422
      View Details
    • Value Estimation by Request
      580 SF

      2109 Pacific Ave

      BAR, TAVERN • 580 SF
      2109 Pacific Ave, Virginia Beach, VA 23451-3300
      View Details
    • Value Estimation by Request
      337 SF

      2728 Atlantic Ave, Unit 105

      BAR, TAVERN • 337 SF
      2728 Atlantic Ave, Virginia Beach, VA 23451-3134
      View Details
    • Value Estimation by Request
      1,456 SF

      212 18th St

      BAR, TAVERN • 1,456 SF
      212 18th St, Virginia Beach, VA 23451-3408
      View Details
    • Value Estimation by Request

      3401 Atlantic Ave, Unit C1

      RESTAURANT
      3401 Atlantic Ave, Virginia Beach, VA 23451-2854
      View Details
    • Value Estimation by Request

      3224 Atlantic Ave

      RESTAURANT
      3224 Atlantic Ave, Virginia Beach, VA 23451-2935
      View Details

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    Similar Nearby for Lease

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    • $25 SF/Yr
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      Atlantic Park Retail Space

      Virginia Beach Oceanfront: Prime Retail Opportunity
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    • $35 SF/Yr
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      Boardwalk Retail Space For Rent

      Prime location retail space on the North End boardwalk.
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    • $24 SF/Yr
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      Two-story building with retail space and private parking.
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      View Details
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    1609 Atlantic Ave
    Virginia Beach, VA 23451-3422
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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