Entity Owned Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2017
Construction
FRAME
Total area
2,018 SF
Lot
21.1 ac (919,247 SF)
Zoning code
AG1
APN
24132124180000
UPID
US87-0489405
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
-
Food Processing Plant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$557k
Blend (final)
Blend
$845k
Owner & transaction history
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
AG1 · Virginia Beach, VA
Zoning description
The purpose of the AG-1 Agricultural District is to protect and preserve agricultural lands for agricultural functions, including agritourism and the direct sale of agricultural and agricultural related products to the p…
General category
RESIDENTIAL
Top alternative use upside
Neighborhood: shopping center
$710,000
+22.1%
Commercial (general)
$690,000
+18.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$845k
Value range
$761k – $930k
±10% around blend
Estimated value / SF
$419 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$761k
blend $845k
$930k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,018 SF
Lot area
21.1 ac
Year built
2017
Stories
1
APN
24132124180000
Zoning
AG1
Assessed value
$393,800
Annual tax
$3,814
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$557k
Range $376k – $751k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$845k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 51 sales
$289
+45%
County 51 sales
$289
+45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $419/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+22%
vs current-use indication
Commercial (general)
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
3.20%
Implied, in-place cap rate for this grocery and convenience stores
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$81k *
Last sale · Feb 2025
$1.16M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.54M
Move the market yield to see immediate price impact.
Value / SF
$1,259
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$73k
$2.71M
$2.29M
$1.98M
$81k
$3.01M
$2.54M
$2.20M
$89k
$3.31M
$2.79M
$2.42M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,814
Tax year 2024
Assessed value
$393,800
Assessed 2024
Previous assessed
$393,800
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$128,300
Assessed improvement
$265,500
Land market value
$128,300
Improvement market value
$265,500
Total market value
$393,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
YES
Stories
1
Rooms
6
Total area
2,018 SF
Lot
21.1 ac (919,247 SF)
Zoning code
AG1
APN
24132124180000
UPID
US87-0489405
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
AG1 · Virginia Beach, VAZoning AG1 · permitted uses
AG1 · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of the AG-1 Agricultural District is to protect and preserve agricultural lands for agricultural functions, including agritourism and the direct sale of agricultural and agricultural related products to the p…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
FRAME
Heating
YES
Stories
1
Rooms
6
Lot
21.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
AG1
RESIDENTIAL
Jurisdiction
Virginia Beach, VA
Recorded code
AG1
Official district
AG1
Official district profile
What the municipal code says about AG1
Zoning description
The purpose of the AG-1 Agricultural District is to protect and preserve agricultural lands for agricultural functions, including agritourism and the direct sale of agricultural and agricultural related products to the p…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for AG1 in Virginia Beach, VA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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