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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Office buildings
1716 Corporate Lndg Pkwy Virginia Beach, VA 23454-5681
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1459780
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
29,804 SF
Lot
3.55 ac (154,573 SF)
APN
24151389210000
UPID
US87-1459780
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
-
eSmart Tax (Bike/Boat/Book/etc) Store Corporate Office
-
JTH Financial, LLC Accounting Firm Tax Preparation
-
360 Accounting Solutions Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.98M
Owner & transaction history
Cac Land Holdings LLC · 3 yrs held
Cac Land Holdings LLC
since 2022
Last sale
$3.1M
5 recorded transactions
Zoning & alternative use
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
$2,825,000
ML approach
$2,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±10% · vs last sale $3.10M (Aug 23 2022)
Last sale anchor
$3.10M
Aug 23 2022
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
$100 / 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
$34,867
Tax year 2024
Assessed value
$3,521,900
Assessed 2024
Previous assessed
$4,808,600
-26.8% YoY
Effective rate
0.99%
On assessed value
Assessed land
$536,500
Assessed improvement
$2,985,400
Land market value
$536,500
Improvement market value
$2,985,400
Total market value
$3,521,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
29,804 SF
Lot
3.55 ac (154,573 SF)
APN
24151389210000
UPID
US87-1459780
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
3.55 ac
Current owner
From public records · entity-resolved
Cac Land Holdings LLC
Entity
Mailing address
595 S 80TH E STE #400, LOGAN, UT 84321-6845
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 23, 2022
$3,100,000
Cac Land Holdings LLC
Lts Properties LLC
Special Warranty Deed
$2,480,000 · Fulton Bank NA
Dec 8, 2016
—
Lts Properties LLC
—
Deed
related
$2,200,000 · * Other Institutional Lenders
Mar 9, 2009
—
Lts Properties LLC
City Of Virginia Beach Dev Aut
Grant Deed
related
—
Aug 31, 2006
$2,650,000
Lts Properties LLC
Franklin Security Bank Fsb
Grant Deed
$2,600,000 · Suntrust Bk/tallahassee
—
—
Lts Properties LLC
—
Deed Of Trust
related
$2,200,000 · * Other Institutional Lenders
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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