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Property profile & analytics
FOR SALE
Office Spaces
1761 Church St Norfolk, VA 23504
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-3365453
For Sale
1 / 4
$1,300,000
1761 Church St, Norfolk, VA 23504
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Total area
10,488 SF
Lot
1.36 ac (59,329 SF)
Zoning code
CSECPD
APN
5409
UPID
US87-3365453
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
-
Construction Development Services Inc DBA CDSI Construction Company
-
Brigade Contractors, Inc Construction Company General Contractor
-
Map Contracting Corporation Construction Company General Contractor
-
Astral Health PLLC Medical Clinic
-
Vabode Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$980k
Owner & transaction history
Mike Duman Real Estate LLC · 4 yrs held
Mike Duman Real Estate LLC
since 2022
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
CSECPD · Norfolk, 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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
$1,040,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $800k (Apr 18 2022)
Last sale anchor
$800k
Apr 18 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
$93 / 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
$18,009
Tax year 2024
Assessed value
$1,440,700
Assessed 2024
Previous assessed
$1,439,700
+0.1% YoY
Effective rate
1.25%
On assessed value
Assessed land
$73,400
Assessed improvement
$1,367,300
Land market value
$73,400
Improvement market value
$1,367,300
Total market value
$1,440,700
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
For Sale
Year built
2006
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
10,488 SF
Lot
1.36 ac (59,329 SF)
Zoning code
CSECPD
APN
5409
UPID
US87-3365453
Jurisdiction
NORFOLK CITY
Zoning & alternative use
CSECPD · Norfolk, VA
Zoning CSECPD · permitted uses
CSECPD · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Mike Duman Real Estate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2300 GODWIN BLVD, SUFFOLK, VA 23434-8027
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
Apr 18, 2022
$800,000
Mike Duman Real Estate LLC
1761 Church Street LLC
Special Warranty Deed
—
Jan 26, 2021
—
1761 Church Street LLC
—
Deed
related
$650,000 · Select Bank & Trust Co
Jun 2, 2014
$1,160,000
Atlas Nc I Spe LLC A North Carolina
Shalanda N Franklin Sole Acting
Warranty Deed
—
Oct 25, 2006
$250,000
Rbeh LLC
P And P Development LLC
Bargain And Sale Deed
$1,450,000 · Branch Banking And Trust Co
Feb 23, 2006
—
Branch Banking Trust Co Of Virginia
Rbeh LLC
Deed
—
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.
Try Rey
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