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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Medical Office Space
1806 Hampton Blvd Norfolk, VA 23517-1682
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-3337440
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1993
Total area
5,259 SF
Lot
0.32 ac (14,066 SF)
Zoning code
R-15
APN
791102
UPID
US87-3337440
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
-
Eastern Virginia Pediatric Dentistry Dental Office
-
Dr. Pamela A. Morgan, DDS Dental Office
-
Dr. Nathan Shapiro Dental Office
-
Hatcher & Frey Orthodontics Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$925k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
S3 Ventures LLC · 2 yrs held
S3 Ventures LLC
since 2023
Last sale
$833,000
6 recorded transactions
Zoning & alternative use
R-15 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Adopted Zoning Ordinance
Top alternative use upside
Restaurant
$760,000
+129.7%
Auto repair, garage
$635,000
+92.2%
Office building
$635,000
+91.9%
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
$1,125,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
RESTAURANT
$760,000
Change: +130% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +92% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $833k (Sep 21 2023)
Last sale anchor
$833k
Sep 21 2023
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
$214 / 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
$10,236
Tax year 2024
Assessed value
$818,900
Assessed 2024
Previous assessed
$801,900
+2.1% YoY
Effective rate
1.25%
On assessed value
Assessed land
$351,600
Assessed improvement
$467,300
Land market value
$351,600
Improvement market value
$467,300
Total market value
$818,900
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
YES
Stories
3
Total area
5,259 SF
Lot
0.32 ac (14,066 SF)
Zoning code
R-15
APN
791102
UPID
US87-3337440
Jurisdiction
NORFOLK CITY
Zoning & alternative use
R-15 · Norfolk, VAZoning R-15 · permitted uses
R-15 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Adopted Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$635,000
OFFICE BUILDING
Est. value
$635,000
RESTAURANT
AUTO REPAIR, GARAGE
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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.32 ac
Current owner
From public records · entity-resolved
S3 Ventures LLC
Entity
Mailing address
10967 OPACA LN, GLEN ALLEN, VA 23059-5616
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2023
$833,000
S3 Ventures LLC
Indiana University Foundation INC
Warranty Deed
$500,000 · Newport News Shipbuilding Employees
Dec 28, 2022
—
Thomas W Hubbard
Hamlin Hubbard Properties LLC
Correction Deed
related
—
Dec 7, 2022
—
Indiana University Foundation INC
Thomas W Hubbard
Special Warranty Deed
—
Jun 6, 2011
—
Hamlin Hubbard Properties LLC
Thomas W Hubbard
Quit Claim Deed
related
—
Jan 6, 2009
—
Hamlin Hubbard Properties LLC
Thomas W Hubbard
Deed
—
Oct 29, 2008
—
Hamlin Hubbard Properties LLC
Thomas W Hubbard
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.
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