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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Retail space
1805 Laskin Rd Ste 101 Virginia Beach, VA 23454-4553
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US87-0721643
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
TYPE NOT SPECIFIED
Total area
15,184 SF
Lot
1.24 ac (53,884 SF)
Zoning code
B2
APN
24076831310000
UPID
US87-0721643
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Charles R Conte JR. · 20 yrs held
Charles R Conte JR.
since 2005
5 recorded transactions
Zoning & alternative use
B2 · Virginia Beach, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,650,000
6.5%
$2,445,000
7%
$2,270,000
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10%
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
$119 / 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
$25,437
Tax year 2024
Assessed value
$2,569,400
Assessed 2024
Previous assessed
$2,569,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,508,800
Assessed improvement
$1,060,600
Land market value
$1,508,800
Improvement market value
$1,060,600
Total market value
$2,569,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
15,184 SF
Lot
1.24 ac (53,884 SF)
Zoning code
B2
APN
24076831310000
UPID
US87-0721643
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
B2 · Virginia Beach, VA
Zoning B2 · permitted uses
B2 · 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.
Building & site characteristics
From public records
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Charles R Conte JR.
Individual
Mailing address
PO BOX 3339, VIRGINIA BEACH, VA 23454-9428
Ownership since
2005
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
May 18, 2021
—
Conte Acqtjisitons LLC
—
Deed
related
$5,499,500 · Select Bank & Trust Co
May 18, 2016
—
Conte Acquisitions LLC
—
Deed
related
$1,000,000 · Community Capital Bk/va
Sep 8, 2005
—
Charles R Conte JR.
Conte Properties LLC
Quit Claim Deed
related
$5,500,000 · General Electric Capital Corp
—
—
Conte Acquisitions LLC
—
Deed Of Trust
related
$5,000,000 · Community Capital Bk/va
—
—
Conte Acquisitions LLC
—
Deed Of Trust
related
$1,000,000 · Community Capital Bk/va
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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