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Property profile & analytics
OFF-MARKET
Estimated value
$10,595,000
Assisted living facilities
1801 Camelot Dr 110 Virginia Beach, VA 23454-2401
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-0945283
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1976
Construction
TYPE NOT SPECIFIED
Total area
46,984 SF
Lot
2.56 ac (111,488 SF)
Zoning code
O2
APN
24086406790000
UPID
US87-0945283
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
-
Virginia Beach Healthcare and Rehabilitation Center Physical Therapist Physical Therapy Clinic
-
Dr. Bruce J. Kleiman, MD Physician
-
Taylor Natalie E Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.60M
Owner & transaction history
1801 Camelot Drive LLC · 5 yrs held
1801 Camelot Drive LLC
since 2021
Last sale
$10.6M
2 recorded transactions
Zoning & alternative use
O2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.3M
+92.2%
Office building
$6.5M
+34.7%
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
$12,450,000
ML approach
$10,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,325,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$6,540,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$10.60M
Range $9.54M – $11.65M · ±10% · vs last sale $10.55M (Jun 2 2021)
Last sale anchor
$10.55M
Jun 2 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
$226 / 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
$48,377
Tax year 2024
Assessed value
$4,886,600
Assessed 2024
Previous assessed
$4,886,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,705,800
Assessed improvement
$3,180,800
Land market value
$1,705,800
Improvement market value
$3,180,800
Total market value
$4,886,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
46,984 SF
Lot
2.56 ac (111,488 SF)
Zoning code
O2
APN
24086406790000
UPID
US87-0945283
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
O2 · Virginia Beach, VA
Zoning O2 · permitted uses
O2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$9.3M
OFFICE BUILDING
Est. value
$6.5M
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.56 ac
Current owner
From public records · entity-resolved
1801 Camelot Drive LLC
Entity
Mailing address
2917 PENN FRST BLVD #200, ROANOKE, VA 24018-4304
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
$10,552,500
1801 Camelot Drive LLC
Medical Facilities Of America Vi 6
Deed
—
Dec 1, 2011
—
Medical Facilities Of America Vi
—
Deed Of Trust
related
$20,000,000 · Wells Fargo Bank
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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