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    Property profile & analytics

    2005 Lynnhaven Pkwy, Unit 106 Virginia Beach, VA 23456-1410

    • Retail space
    • 6,055 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $2,150,000
    Last Sale
    Jul 02, 2020
    $1,925,000
    Location Intelligence
    Property ID
    US87-1294842
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CityVet - Virginia Beach / Veterinarian
    • Asra Javeed / Dentist
    • Starbucks / Coffee Shop / Internet Cafe
    • Dr. Rana Tuffaha / Dentist

    Property Details for 2005 Lynnhaven Pkwy

    Year built
    1997
    Construction
    FRAME
    Lot size
    1.00 lot acres
    Property size
    6,055 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    14759770810000
    APU
    14759770810000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,085,000
      6.5%
      $1,910,000
      7%
      $1,765,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,965,000
      Geo Method
      $1,855,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,865,000
      Retail
      $1,890,000
      Mixed-Use
      $1,885,000
      Hospitality
      $1,730,000
      Educational
      $2,240,000
      Residential Income
      $1,875,000
      Energy
      $1,860,000
      Income-Based Land
      $2,250,000
      Food Service
      $1,865,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1199
    Latitude
    36.7931
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,566
    $1,043,400
    $1,236,000
    $2,279,400
    -
    $1,043,400
    $1,236,000
    $2,279,400

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      1964 Fisher Arch

      Individual retail properties • 1,400 SF
      1964 Fisher Arch, Virginia Beach, VA 23456
      View Details
    • Value Estimation by Request
      39,624 SF

      1925 Fisher Arc

      RETAIL STORES (PERSONAL SERVICES) • 39,624 SF
      1925 Fisher Arc, Virginia Beach, VA 23456-6999
      View Details
    • Value Estimation by Request
      11,582 SF

      2041 Fisher Arch

      Lifestyle centers • 11,582 SF
      2041 Fisher Arch, Virginia Beach, VA 23456
      View Details
    • Value Estimation by Request
      203,105 SF

      2021 Lynnhaven Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 203,105 SF
      2021 Lynnhaven Pkwy, Virginia Beach, VA 23456-1410
      View Details
    • Value Estimation by Request
      18,970 SF

      2000 Fisher Arc

      RETAIL STORES (PERSONAL SERVICES) • 18,970 SF
      2000 Fisher Arc, Virginia Beach, VA 23456-7000
      View Details
    • Value Estimation
      $6,145,000
      13,350 SF

      2089 Salem Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,350 SF
      2089 Salem Rd, Virginia Beach, VA 23456-1309
      View Details

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    Virginia Beach, VA 23456-1410
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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