Technical
Financial
Distress signals
Property profile

1808 Salem Rd Virginia Beach, VA 23456

OFF-MARKET
Retail space
Property ID
US87-0639271
14,364 SF 2.96 ac lot Built 2005
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A retail property located in Virginia Beach, Virginia, providing approximately 14,364 square feet of building area. The space is configured and suitable for retail use or related retail-oriented purposes.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Construction TYPE NOT SPECIFIED
Total area 14,364 SF
Lot 2.96 ac (129,025 SF)
Zoning code B2
APN 14759249540000
UPID US87-0639271

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Pharmacy
  • Bank Credit Union
  • Atm
  • Pharmacy

Location

1808 Salem Rd Virginia Beach, VA 23456-1393
Virginia Beach metro Census 46014 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.97M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.38M

Owner & transaction history

since 2013
4 recorded transactions
2013
$4.1M
2005
$5.5M
2004
Price N/A
2004
$1.5M

Zoning & alternative use

B2 · Virginia Beach, VA
Zoning description

The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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