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Property profile & analytics
FOR LEASE
Office buildings
2020 General Booth Blvd Virginia Beach, VA 23454
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0648338
For Lease
1 / 2
$16 SF/Yr
2020 General Booth Blvd, Virginia Beach, VA 23454
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Construction
FRAME
Total area
12,150 SF
Lot
0.85 ac (36,931 SF)
Zoning code
O1
APN
24141965900000
UPID
US87-0648338
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.79M
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.22M
Owner & transaction history
H2h Group Chadswick LLC · 9 yrs held
H2h Group Chadswick LLC
since 2017
4 recorded transactions
Zoning & alternative use
O1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+40.8%
Medical building
$2.9M
+14.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,025,000
6.5%
$2,790,000
7%
$2,590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,495,000
Current use
RETAIL STORES
$3,510,000
Change: +41% · Conversion: Moderate
MEDICAL BUILDING
$2,860,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$182 / SF
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
$18,300
Tax year 2024
Assessed value
$1,848,500
Assessed 2024
Previous assessed
$1,848,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$604,900
Assessed improvement
$1,243,600
Land market value
$604,900
Improvement market value
$1,243,600
Total market value
$1,848,500
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1988
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
12,150 SF
Lot
0.85 ac (36,931 SF)
Zoning code
O1
APN
24141965900000
UPID
US87-0648338
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
O1 · Virginia Beach, VA
Zoning O1 · permitted uses
O1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.5M
RETAIL STORES
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
H2h Group Chadswick LLC
Entity
Mailing address
4525 MAIN ST STE #900, VIRGINIA BEACH, VA 23462-3431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
—
H2h Group Chadswyck LLC
—
Deed
related
$1,115,023 · Southern Bank & Trust Co
Jan 24, 2017
—
H2h Group Chadswick LLC
Chardave 2020 LLC
Grant Deed
related
$1,137,500 · Southern Bk
Aug 20, 2014
$600,000
Chardave 2020 LLC
General Booth Properties LLC
Grant Deed
$800,000 · Towne Bk
—
—
Chardave 2020 LLC
—
Deed Of Trust
related
$250,000 · Towne Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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