Technical
Financial
Distress signals
Property profile

1996 Independence Blvd Virginia Beach, VA 23453

OFF-MARKET
Grocery and convenience stores
Property ID
US87-0202820
2,940 SF 2.4 ac lot Built 1999
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1999
Construction FRAME
Total area 2,940 SF
Lot 2.4 ac (104,356 SF)
Zoning code PDH1
APN 14853738870000
UPID US87-0202820

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
  • Cinema (Bike/Boat/Book/etc) Store
  • Grocery & Convenience Store
  • Atm
  • Government Office
  • Postal Service Courier Service

Location

1996 Independence Blvd Virginia Beach, VA 23453-4700
Virginia Beach metro Census 45810 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 2013
1 recorded transaction
2013
$1.5M

Zoning & alternative use

PDH1 · Virginia Beach, VA
Zoning description

It is the intent not to create additional PD-H1 Districts, or to enlarge the limits of existing PD-H1 Districts. It is only the intent of this article to recognize those areas currently developed, being developed, or pro…

General category PLANNED_DEVELOPMENT

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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