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Property profile & analytics
OFF-MARKET
Golf courses & driving ranges
1950 Thomas Bishop Ln Virginia Beach, VA 23454-1123
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US87-0645974
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1985
Construction
FRAME
Total area
6,145 SF
Lot
12.11 ac (527,473 SF)
Zoning code
R40
APN
14995662870000
UPID
US87-0645974
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 Tennis & Country Club Sports School Sports Field & Court
-
Davidson Tennis Academy Sports School Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Virginia Bch Racquet Club Nort · 14 yrs held
Virginia Bch Racquet Club Nort
since 2011
2 recorded transactions
Zoning & alternative use
R40 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$80,661
Tax year 2024
Assessed value
$10,811,500
Assessed 2024
Previous assessed
$10,811,500
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$2,724,400
Assessed improvement
$8,087,100
Land market value
$2,724,400
Improvement market value
$8,087,100
Total market value
$10,811,500
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
NONE
Buildings
5
Stories
1
Total area
6,145 SF
Lot
12.11 ac (527,473 SF)
Zoning code
R40
APN
14995662870000
UPID
US87-0645974
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
R40 · Virginia Beach, VA
Zoning R40 · permitted uses
R40 · 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
1985
Construction
FRAME
Heating
NONE
Stories
1
Buildings
5
Lot
12.11 ac
Current owner
From public records · entity-resolved
Virginia Bch Racquet Club Nort
Individual
Mailing address
1950 THOMAS BISHOP LN, VIRGINIA BEACH, VA 23454-1123
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Jul 26, 2011
—
Virginia Bch Racquet Club Nort
—
Deed Of Trust
related
$8,000,000 · Branch Banking & Trust Co
—
—
Virginia Bch Racquet Club Nort
—
Deed Of Trust
related
$1,535,000 · Tidewater Busn Financing Corp
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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